BurgerFi sees FY24 revenue $170M-$180M

Management is trending to the low end of the range but maintaining its outlook for the fiscal year 2024: Low-single digit same-store sales growth for corporate-owned locations; 10 – 15 new restaurants, including one new franchised Anthony’s and our corporate-owned New York City BurgerFi flagship restaurant opened in March; Continued improvement in cost of goods driven by increased adoption of inventory management at both brands; Adjusted EBITDA of $7 to $9 million; and Capital expenditures of approximately $2-3 million