BurgerFi International, Inc. (NASDAQ:BFI) Q4 2022 Earnings Call Transcript

Unidentified Analyst: Right. Got it. That’s really helpful. So I guess it’s more specific to Anthony’s. But basically, the — what you’re saying is if you hold on to that volume, the mix should be more profitable. So this is — is this kind of a — this is a margin-accretive business off-premise sales?

Ian Baines: No, not necessarily. There are different pricing in terms of some of the off-premise business. But certainly, as Mike alluded to the — getting Anthony get inside the restaurant, provides opportunities — more opportunities for upselling and provides that opportunity for the very profitable alcohol sale.

Michael Rabinovitch: Just to put a wrap on that. The off-prem business is a profitable channel, whether it be the takeout or the delivery providers. But we believe it’s more profitable for in-store dining and takeout.

Unidentified Analyst: Yes.

Michael Rabinovitch: So the delivery is accretive. It is positive. It’s more profitable when it’s in-store.

Operator: And this concludes the question-and-answer session. I would like to return the call to Ian Baines for any closing comments.

Ian Baines: Thank you, Keith. I’d like to thank everyone for listening to today’s call, and we look forward to speaking with you when we report our first quarter and year-end results in May of 2023. Thanks again for joining.

Operator: The conference has now concluded. Thank you for attending today’s presentation. You may now disconnect your lines.