BurgerFi International, Inc. (NASDAQ:BFI) Q1 2022 Earnings Conference Call May 16, 2022 4:30 PM ET

Company Participants

Ian Baines - Chief Executive Officer

Michael Rabinovitch - Chief Financial Officer

Conference Call Participants

Peter Saleh - BTIG

Operator

Good afternoon, everyone. Thank you for participating in today's conference call to discuss BurgerFi's financial results for the first quarter ended March 31, 2022.

Joining us today are Ian Baines, CEO of BurgerFi International; and Mike Rabinovitch, CFO of BurgerFi International.

Following their remarks, we'll open the call 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, including statements relating to BurgerFi's estimates of its future business outlook, store opening plans, same-store sales and restaurant operating margin growth plans, prospects or financial results including projected sales, restaurant EBITDA or financial results from the company's acquisition of Anthony's Coal Fired Pizza & Wings.

Forward-looking statements generally can be identified by words such as anticipates, beliefs, estimates, expects, intends, plans, predicts, projects, will be, will continue, will likely result in similar expression. These forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties, which could cause our 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 our annual report on Form 10-K for the year ended December 31, 2021, and those discussed in other documents we filed with the Securities and Exchange Commission. All subsequent written in forward-looking statements is attributable to BurgerFi or persons acting on BurgerFi behalf are expressly qualified in their entirety by the cautionary statements included in this conference call.

We undertake 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 discussion and reconciliation of these non-GAAP financial measures, please see our earnings release for the first quarter 2022.

I would 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.