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BurgerFi International (BFICQ)
OTHER OTC:BFICQ
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Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 13, 2024
|% Change Since: 0.00%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Neutral
The earnings call presented both challenges and opportunities. While the company experienced declines in revenue and profit margins, there were positive developments in product innovation, technology enhancements, and marketing strategies. The reduction in net loss and stabilization in sales towards the end of the quarter are promising signs. However, significant work is required to address the declines in revenue and margins.Company Guidance
During the earnings call for Q1 2024, BurgerFi International's executives provided guidance indicating a cautiously optimistic outlook for the rest of the year despite a challenging start. Total revenues for the quarter were reported at $42.9 million, a decrease from $45.7 million in the same quarter of the previous year, with a net loss of $6.5 million. The company aims to achieve total revenues between $170 million and $180 million for the fiscal year, maintaining a low single-digit increase in same-store sales, and plans to launch 10 to 15 new franchise restaurants. The guidance also includes an adjusted EBITDA range of $7 million to $9 million and capital expenditures between $2 million and $3 million. Executives highlighted strategic priorities such as infrastructure improvements, including the roll-out of an inventory management platform, and the implementation of the Toast POS system to enhance efficiency. The company also targets taste and quality innovations, exemplified by the introduction of the HEINZ REMIX machine and the Better Burger Lab concept, to drive growth and regain market share.Sequential Improvement in Sales
March same-store sales were flat at Anthony's after adjusting for Easter, indicating a stabilization in sales. Both brands showed better performance in the Northeast.
Infrastructure and Technology Enhancements
Implementation of an inventory management platform at BurgerFi and the rollout of the Toast POS system at Anthony's are expected to improve efficiency and result in a 200 bps improvement in COGS.
Innovative Product Launches
First brand to debut the HEINZ REMIX machine, and the introduction of the Better Burger Lab concept in NYC to drive product innovation.
Positive Reception to Marketing Initiatives
Marketing efforts such as social holidays have driven significant trial and loyalty sign-ups, exemplified by an 87% increase in sales on Pi Day for Anthony's.
Net Loss Reduction
Net loss decreased to $6.5 million from $9.2 million year-over-year, owing to lower share-based compensation, general administration expense, and restructuring costs.
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BFICQ Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BFICQ Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Aug 08, 2024 | $0.33 | $0.33 | 0.00% |
| May 15, 2024 | $0.39 | $0.41 | +5.13% |
| Apr 01, 2024 | $0.60 | $0.57 | -5.00% |
| Nov 15, 2023 | $1.12 | $1.07 | -4.46% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does BurgerFi International (BFICQ) report earnings?
BurgerFi International (BFICQ) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
What is BurgerFi International (BFICQ) earnings time?
BurgerFi International (BFICQ) earnings time is at Apr 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BFICQ EPS forecast?
Currently, no data Available
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