- BurgerFi press release ( NASDAQ: BFI ): Q3 GAAP EPS of -$0.15 beats by $0.10 .
- Revenue of $43.3M (+290.1% Y/Y) misses by $0.84M .
- Adjusted EBITDA of $1.6M in the third quarter 2022 compared to $0.2M in the prior year quarter.
- Management’s outlook for the full year 2022 is as follows: Annual revenues of $175-$180 million vs. consensus of $180.96M; Low single-digit same store sales growth for corporate-owned locations; 12-13 new BurgerFi brand restaurant openings (3 corporate-owned 9-10 franchises) as well as up to 30 BurgerFi GoPuff ghost kitchen locations; Adjusted EBITDA of $9-10 million; Capital expenditures of approximately $2 million.
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BurgerFi reports Q3 mixed earnings; reaffirms FY22 guidance range