BurgerFi International Q2 EPS $(0.24) Misses $(0.21) Estimate, Sales $43.43M Miss $45.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
BurgerFi International (NASDAQ:BFI) reported Q2 losses of $(0.24) per share, missing the analyst consensus estimate of $(0.21) by 14.29%. The company also reported quarterly sales of $43.43 million, missing the estimate of $45.00 million by 3.50%. This represents a 91.18% increase in losses and a 4.13% decrease in sales compared to the same period last year.
August 16, 2023 | 11:04 am
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BurgerFi International's Q2 earnings missed estimates, with higher losses and lower sales than expected. This could negatively impact the company's stock in the short term.
BurgerFi International's Q2 earnings report shows higher than expected losses and lower than expected sales. This negative financial performance could lead to a decrease in investor confidence, potentially driving the company's stock price down in the short term.
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