| In millions, except per share items | Jan-02-23 | Dec-31-21 | Dec-31-20 | Dec-15-20 | Dec-31-19 | Dec-31-18 |
| | 10-K | 10-K | 8-K | 10-K | 10-K | 10-K |
| Revenues: |
| Anthony's | 128.8 | 22.4 | | | | |
| Other | 49.9 | 46.4 | | | | |
| Total revenues [+] | 178.7 | 68.9 | 34.3 | 32.3 | 0.0 | 0.0 |
| Food & beverage | 167.2 | 57.8 | 25.3 | 23.7 | | |
| Revenue growth [+] | 159.5% | 100.9% | | | | |
| Anthony's | 474.6% | | | | | |
| BurgerFi | 7.4% | | | | | |
| Unit growth | -2.8% | 50.4% | | | | |
| Cost of goods sold [+] | 95.7 | 33.3 | 19.4 | 13.9 | 0.8 | 0.6 |
| Labor costs | 49.8 | 16.3 | | 6.2 | | |
| Occupancy costs | 15.6 | 4.9 | | 2.7 | | |
| Other direct costs | 30.3 | 12.0 | | 5.0 | | |
| Gross profit | 83.1 | 35.6 | 14.9 | 18.4 | -0.8 | -0.6 |
| Gross margin | 46.5% | 51.7% | 43.4% | 57.0% | | |
| Selling, general and administrative [+] | 29.8 | 19.8 | 7.8 | 9.2 | | |
| Sales and marketing | 3.9 | 2.5 | | 2.3 | | |
| General and administrative | 26.0 | 17.3 | 7.8 | 6.9 | 0.0 | 0.0 |
| Other operating expenses | 60.0 | 26.6 | 6.3 | 7.4 | | |
| EBITDA [+] | -6.8 | -10.8 | 0.8 | 1.8 | | |
| EBITDA growth | -37.0% | -1503.3% | -191.4% | | 51.8% | |
| EBITDA margin | -3.8% | -15.6% | 2.2% | 5.6% | | |
| Depreciation | 8.6 | 2.5 | 1.4 | 1.1 | | |
| EBITA | -15.4 | -13.2 | -0.6 | 0.8 | -0.8 | -0.6 |
| EBITA margin | -8.6% | -19.2% | -1.9% | 2.3% | | |
| Amortization of intangibles | 8.5 | 7.6 | | | | |
| EBIT [+] | -23.9 | -20.8 | -0.6 | 0.8 | -0.8 | -0.6 |
| EBIT growth | 14.8% | 3145.6% | -23.6% | | 51.8% | |
| EBIT margin | -13.4% | -30.3% | -1.9% | 2.3% | | |
| Non-recurring items [+] | 76.1 | 114.8 | 0.0 | | | |
| Asset impairment | 73.5 | 114.8 | | | | |
| Loss (gain) on sale of assets | | | 0.0 | | | |
| Business exit costs | 2.6 | | | | | |
| Interest expense, net [+] | 8.7 | 1.4 | 0.1 | 0.1 | -2.4 | -1.9 |
| Interest expense | 8.7 | 1.4 | 0.1 | 0.1 | | |
| Interest income | | | | | 2.4 | 1.9 |
| Other income (expense), net [+] | 5.2 | 15.9 | 6.4 | 0.0 | 0.0 | 0.0 |
| Gain (loss) on debt retirement | | | 0.8 | | | |
| Change in fair value of warrants | 2.5 | 13.8 | | | | |
| Other | -2.7 | -2.0 | | 0.0 | | |
| Pre-tax income | -103.5 | -121.2 | 5.6 | 0.6 | 1.6 | 1.3 |
| Income taxes | -0.1 | 0.3 | -0.4 | 0.0 | 0.4 | 0.3 |
| Tax rate | 0.1% | | | 0.0% | 26.4% | 21.3% |
| Minority interest | | | 0.0 | 0.0 | | |
| Net income | -103.4 | -121.5 | 6.0 | 0.6 | 1.2 | 1.0 |
| Net margin | -57.9% | -176.4% | 17.5% | 1.9% | | |
| |
| Basic EPS [+] | ($4.66) | ($6.60) | | | $0.31 | $0.29 |
| Growth | -29.3% | | | | 4.5% | |
| Diluted EPS [+] | ($4.66) | ($6.52) | | | $0.31 | $0.29 |
| Growth | -28.5% | | | | 4.5% | |
| |
| |
| Shares outstanding (basic) [+] | 22.2 | 18.4 | | | 3.8 | 3.5 |
| Growth | 20.5% | | | | 8.8% | |
| Shares outstanding (diluted) [+] | 22.2 | 18.6 | | | 3.8 | 3.5 |
| Growth | 19.1% | | | | 8.8% | |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |