BurgerFi International Q1 EPS $(0.24) Beats $(0.29) Estimate, Sales $42.88M Miss $43.70M Estimate
Portfolio Pulse from Benzinga Newsdesk
BurgerFi International (NASDAQ:BFI) reported Q1 EPS of $(0.24), beating the $(0.29) estimate, but missed sales estimates with $42.88M against $43.70M. EPS improved by 38.46% YoY, while sales decreased by 6.23% YoY.
May 15, 2024 | 11:02 am
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BurgerFi International reported better-than-expected Q1 EPS of $(0.24), beating the $(0.29) estimate. However, sales missed expectations at $42.88M versus $43.70M. EPS improved significantly YoY, but sales declined.
The better-than-expected EPS is a positive sign, but the miss on sales and the YoY decline in revenue may offset the positive sentiment. The stock may see mixed reactions in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100