BurgerFi International, Inc. (NASDAQ:BFI) Q2 2023 Earnings Conference Call August 16, 2023 8:30 AM ET

Company Participants

Carl Bachmann - Chief Executive Officer

Chris Jones - Chief Financial Officer

Conference Call Participants

Peter Saleh - BTIG

Michael Albanese - EF Hutton

Eric Dusansky - InflectionPartners

Operator

Good morning, everyone, and thank you for participating in today's conference call to discuss BurgerFi International's financial results for the second quarter ended July 3rd, 2023. Joining us today are newly appointed Carl Bachmann, CEO; and Chris Jones, CFO. Following their remarks, we'll open the lines for your questions.

Before we begin today, I want to remind everyone that this conference call may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995.

These forward-looking statements may be related to BurgerFi's estimates of its future business outlook, liquidity, store opening plans, same-store sales and restaurant operating margin growth plans, prospects or financial results, including projected sales, restaurant EBITDA.

Forward-looking statements generally can be identified by words such as anticipates, believes, estimates, expects, intends, plans, predicts, projects, will be, will continue, will likely result in similar expressions.

These forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties, which could cause the company's actual results to differ materially from those reflected in the forward-looking statements.

Factors that could cause or contribute to such differences include, but are not limited to, those discussed in the annual report on Form 10-K for the year ended January 2nd, 2023, and those disclosed in other documents that the company files with the Securities and Exchange Commission.

All subsequent written and oral forward-looking statements attributable to BurgerFi or persons acting on BurgerFi's behalf are expressly qualified in their entirety by the cautionary statements included in this conference call. The company undertakes no obligation to revise or publicly release the results of any revision to these forward-looking statements, except as required by law. Given these statements and uncertainties, listeners are cautioned not to place undue reliance on such forward-looking statements. Also, the following discussion may contain non-GAAP financial measures.

For a discussion and reconciliation of these non-GAAP financial measures, please see the earnings release for the second quarter 2023. I would also like to remind everyone that this call will be available via telephonic replay for two weeks starting today. A webcast replay will also be available via the link provided in today's press release as well as on the company's website at www.burgerfi.com.