Yahoo Finance BurgerFi International Full Year 2023 Earnings: US$1.20 loss per share (vs US$4.67 loss in FY 2022)
BurgerFi International (NASDAQ:BFI) Full Year 2023 Results
Key Financial Results
Revenue: US$170.1m (down 4.8% from FY 2022).
Net loss: US$30.7m (loss narrowed by 70% from FY 2022).
US$1.20 loss per share (improved from US$4.67 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
BurgerFi International Earnings Insights
The primary driver behind last 12 months revenue was the Anthony's segment contributing a total revenue of US$125.6m (74% of total revenue). Notably, cost of sales worth US$138.7m amounted to 82% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$28.3m (46% of total expenses). Explore how BFI's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 2.0% p.a. on average during the next 2 years, compared to a 9.7% growth forecast for the Hospitality industry in the US.
Performance of the American Hospitality industry.
The company's shares are down 8.3% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 6 warning signs for BurgerFi International (of which 1 can't be ignored!) you should know about.
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