BurgerFi International, Inc. (NASDAQ:BFI) Q1 2024 Earnings Conference Call May 15, 2024 8:30 AM ET

Company Participants

Carl Bachmann - Chief Executive Officer
Chris Jones - Chief Financial Officer

Conference Call Participants

Peter Saleh - BTIG

Operator

Good morning, and thank you for participating in today's conference call to discuss BurgerFi International's Financial Results for the First Quarter Ended April 1, 2024. Joining us today are Carl Bachmann, CEO, and Chris Jones, CFO. Following their remarks, we'll open the lines for your questions.

Before we begin, 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, including total revenue, store openings, costs, restaurant level profit margins, adjusted EBITDA, and capital expenditures, among other items.

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, and 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 1, 2024, and those disclosed with other documents that the company files with Securities and Exchange Commission.

All subsequent written and oral forward looking statements attributed to BurgerFi or persons acting on BurgerFi's behalf are expressed and qualified in this 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 cost not to place any reliance on such forward looking statements.

Also, following the discussion will contain non-GAAP financial measures. For discussion and reconciliation of these non-GAAP financial measures, please see the earnings release for the first quarter of 2024. I'd also like to remind everyone that this call today will be available via telephone replay for two weeks starting today. The webcast replay will also be available via the link provided in today's press release, as well as the company's website at www.burgerfi.com.