Organization

3 Months Ended

Apr. 01, 2024

BurgerFi International, Inc. and its wholly owned subsidiaries (“BurgerFi,” or the “Company,” also “we,” “us,” and “our”), is a multi-brand restaurant company that develops, markets and acquires fast-casual and premium-casual dining restaurant concepts around the world, including corporate-owned stores and franchises located in the United States, Puerto Rico and Saudi Arabia. As of April 1, 2024, the Company had 162 franchised and corporate-owned restaurants of the two following brands:

BurgerFi. BurgerFi is a fast-casual “better burger” concept with 102 franchised and corporate-owned restaurants as of April 1, 2024, offering burgers, hot dogs, crispy chicken, hand-cut fries, frozen custard and shakes, beer, wine and more.

Anthony’s. Anthony’s is a pizza and wing brand that operated 60 restaurants including 59 corporate-owned and one franchise location co-branded with BurgerFi as of April 1, 2024. The concept is centered around a coal-fired oven, and its menu offers “well-done” pizza, coal-fired chicken wings, homemade meatballs, and a variety of handcrafted sandwiches and salads.

Corporate-owned stores and Franchised stores

Store activity for the quarter ended April 1, 2024 and the year ended January 1, 2024 is as follows:


	April 1, 2024			January 1, 2024
	Corporate-owned	Franchised	Total	Corporate-owned	Franchised	Total
Total BurgerFi and Anthony's	86	76	162	87	81	168

BurgerFi stores, beginning of the period	28	80	108	25	89	114
BurgerFi stores opened	1	1	2	—	8	8
BurgerFi stores acquired / (transferred)	—	—	—	4	(4)	—
BurgerFi stores closed	(2)	(6)	(8)	(1)	(13)	(14)
BurgerFi total stores, end of the period	27	75	102	28	80	108

Anthony's stores, beginning of period	59	1	60	60	—	60
Anthony's stores opened	—	—	—	—	1	1
Anthony's stores closed	—	—	—	(1)	—	(1)
Anthony's total stores, end of the period	59	1	60	59	1	60

End of period store totals included one international store at April 1, 2024 and at January 1, 2024, respectively.