BurgerFi International, Inc. (BFI) Q1 2023 Earnings Call Transcript

BurgerFi Worldwide, Inc. (NASDAQ:BFI) Q1 2023 Earnings Convention Name Might 16, 2023 4:30 PM ET

Firm Members

John Iannucci – Chief Working Officer

Michael Rabinovitch – Chief Monetary Officer

Convention Name Members

Peter Saleh – BTIG

Mike Albanese – EF Hutton

Lynn Orenstein – Drexel Hamilton

Operator

Good afternoon, everybody, and thanks for collaborating in at present’s Convention Name to debate BurgerFi Worldwide’s Monetary Outcomes for the First Quarter ended April 3, 2023.

Becoming a member of us at present are John Iannucci, COO and Michael Rabinovitch, CFO. Following their remarks, we’ll open the strains in your questions.

Earlier than we start at present, I wish to remind everybody that this convention name could comprise forward-looking statements as outlined within the Personal Securities Litigation Reform Act of 1995. These forward-looking statements could also be associated to BurgerFi’s estimates of its future enterprise outlook, liquidity, retailer opening plans, same-store gross sales and restaurant working margin progress plans, prospects or monetary outcomes, together with the projected gross sales, restaurant EBITDA or monetary outcomes from the corporate’s acquisition of Anthony’s Coal Fired Pizza & Wings.

Ahead-looking statements typically will be recognized by phrases comparable to anticipates, believes, estimates, expects, intends, plans, predicts, tasks, can be, will proceed, will seemingly outcomes and related expressions. These forward-looking statements are based mostly on present expectations and assumptions which can be topic to dangers and uncertainties, which may trigger the corporate’s precise outcomes to vary materially from these mirrored within the forward-looking statements. Elements that would trigger or contribute to such variations embrace, however usually are not restricted to, these mentioned within the annual report on Kind 10-Ok for the 12 months ended January 2, 2023, and people disclosed and different paperwork that the corporate information with the Securities and Change Fee.

All subsequent written and oral forward-looking statements attributed to BurgerFi or individuals performing on BurgerFi’s behalf are expressly certified

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