Q4 2022 Burgerfi International Inc Earnings Call Transcript

Mar 22, 2023

Mar 22, 2023 / 12:30PM GMT
Operator

Hello, and welcome to the BurgerFi International, Inc. 4Q '22 Earnings Conference Call. (Operator Instructions) Please note, today's event is being recorded.

I now would like to turn the conference over to Ian Baines, BurgerFi's CEO. Mr. Baines, please go ahead.

Ian H. Baines - BurgerFi International, Inc. - CEO

Thank you for joining us today, and we appreciate your continued interest in BurgerFi. Let me begin by thanking our entire team, franchisees and their employees for their dedication and hard work in this challenging environment. My plan is to first recap our fiscal year and fourth quarter performance and then discuss our current initiatives. Following that, Mike will review the quarterly financials in greater detail and reiterate our 2023 guidance.

We are pleased to report that total revenue grew 160% to $178.7 million for fiscal year 2022 when compared to the prior year. The significant increase in revenue was related to the full year impact from the acquisition of 61 corporate-owned Anthony's Coal Fired Pizza & Wings in November

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