BurgerFi Might Go Bankrupt BurgerFi’s financial situation is only getting worse. It expects to report net losses of $18.4 million for the quarter ending July 1 compared to a $6 million loss during the same period in 2023. The increase was driven primarily due to lower operating income, higher general and administrative expenses and larger restructuring costs. The company had $4.4 million in cash and cash equivalents as of Aug. 14. As Julie Littman reports for RestaurantDive, the chain also expects to report restaurant sales declines of $1.8 million, or 4% year-over-year, last quarter. This was driven largely by same-store… — Continue at ZeroHedge News : Read More
