Exhibit 99.1

 


 BurgerFi New Restaurant Openings for 2021 to Surge by 30%

BurgerFi’s Delivery Sales Up 121% in Q4 of 2020 vs. 2019

 

PALM BEACH, FL – January 27, 2021 –

BurgerFi International Inc. (Nasdaq: BFI, BFIIW), one of the fastest growing better burger chains, that went public last month, is reporting preliminary financial results for the fourth quarter ended December 31, 2020. The preliminary results are subject to completion of BurgerFi’s annual financial reporting process and the preparation of the audited financial statements for the calendar year.

 

BurgerFi currently expects total revenue for the fourth quarter of 2020 to be approximately $9.0 million compared to $8.9 million in the fourth quarter of 2019. The expected total revenue for the year ended December 31, 2020 was approximately $34.3 million versus $34.2 million for the year ended December 31, 2019.1

 

Despite the unfavorable operating environment, total revenue was slightly higher than prior year aided by significant increases in delivery and app sales throughout the year and particularly during the fourth quarter.

 

“While this past year was challenging for the entire restaurant industry, it has been a tremendous year of growth for BurgerFi as they have just gone public. BurgerFi has seen incredible success with delivery sales up over 120% year over year in the fourth quarter. BurgerFi is poised to expand its’ brick and mortar restaurants nationally by 30% this year and has amped up in ghost kitchens plans as well,” said Ophir Sternberg, Executive Chairman of BurgerFi.

 

 

DELIVERY METRICS

 

     Year-Over-Year Delivery Sales

2019 vs 2020

January

+41%

February

+30%

March

+35%


The following information was filed by Burgerfi International, Inc. (BFI) on Wednesday, January 27, 2021 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate Burgerfi International, Inc.'s financial trajectory

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