we're BurgerFi reiterating full Thank To both and reported that results that start, good you, I discuss detail first quarter were our that shortly. first I guidance, mention encompasses for afternoon, results first want Ian, results which everyone. expectations, our to and with our We're quarter quarter excited line will in our to the report represent more Anthony's. in XXXX of a quarter and
Moving first to revenues.
including compared quarter increase our the by variant XXX% in ago deliver of we million was Omicron acquired million were BurgerFi 'XX, in to January, primarily COVID-XX and year both operations which to $XX.X quarter and $XX.X quarter impacted full of of to Anthony's in BurgerFi on openings. impressive X, new revenue a an driven was November While total revenue, restaurant Anthony's, first by the able
BurgerFi. to specifically Turning
to our COVID-XX. revenue component system-wide very revenue pleased business primarily the and restaurant the 'XX. was corporate-owned digital in compared to quarter to first We're as relative channel a driven for addition franchised of quarter XX% X% Our and to Overall, sales digital an million quarter decline majority quarter. vast the for The the past decline the our Omicron System-wide increased of our BurgerFi restaurant peak year due same-store ago corporate-owned for variant X% offset X% of to same-store XX% in over during million $XX.X the in channel sales. the sales retain comprised the BurgerFi brand brand decline during the on by restaurants the locations restaurants brand, that for by sales corporate-owned growth, the first $XX.X results. in of weighed in our new of reported new increased eight year. partially which the first
managing We our self-service as order June, of to experience. more corporate-owned and out results particularly May value through labor technology, in improving many our our a more indicating of and kiosk. our when our omnichannel add-on which the In early products, average rolling while invest are order to tend in are raising experience, delivering average costs kiosks will and continue ticket strong with guest consumers a restaurants locations, frictionless to placing in an increases BurgerFi we check goal
implementation technology our beginning have We their into and franchisees also for of experiences network. hope the opportunities franchise this several will translate system-wide
felt this to and other on BurgerFi's Moving of food, margins. quarter. Similar restaurant we companies, beverage to inflationary the labor effects
As XXX a result, that points of operating year compared expenses BurgerFi's by ago were level higher the basis to quarter. restaurant
but to near the quarters. behind by the XXXX fourth We sales were they when sales XXXX X%, Anthony's. that rose period. have the the been quarter as improved same-store excluding and and in same-store the performance quarter impact brand's estimate sales to to year COVID, January. specifically the compared still first would Turning Comparing an sales flat of pleased Omicron sequentially very were in before previous XX% over prior with versus impressive variant We
Turning during profitability. restaurant first to XX.X% expense the quarter. Anthony's of a reported level operating restaurant sales ratio and restaurant a
into Anthony's recovery XXXX. to of stabilization with margins to chicken While first second five in lower by inflation begin view that coupled were restaurant-level labor was our driven we sales. margin food pre-COVID below the reinforces of the due the as cost the costs. aforementioned brand's costs half improve encouraged should stability sales recovery of quarters, We move levels to well structure, and of in see as food signs in The the as
when and implemented. margins with sales in price and addition, of recently restaurant and recapture that and normalized. increases implemented procurement the inflationary can January we XX% May level In believe strategies strong We become pressures Anthony's
X.X% of another Moving took at at January X% on in X% price May. to pricing. in BurgerFi of We in and January Anthony's here increases and
are public $X.X the was by another to increased consolidated year the debt related operating investments the first year basis, the loss the share-based the developing. On ago amount and net improvement of annualization acquisition extent, depreciation, a becoming higher of in we is operations, BurgerFi at being growth increase public investments by compared offset items of expense and change non-cash This of to of -- quarter. restaurants. from and offset partially in year-over-year growth, of a and and the quarter. interest This first million amortization such resulting driven primarily revenue preopening lesser from June, We $XXX,XXX also Adjusted compensation Anthony's in intangibles, corporate-owned restaurant in development and the as compared company to delivered BurgerFi's to reported a the a by income in organic quarter ago plan acquisition-related a of loss that $X.X related the higher million price a company. to quarter related $XXX,XXX by to expenses to $XX.X still XXX% we net million result the certain EBITDA
sheet. balance the to on Moving
of of reflecting related XXXX, XX, March March at $XX.X locations primarily and $XXX,XXX million to and quarterly which restaurant new XXXX, corporate-owned balance $XX.X scheduled cash expenditures XX, construction the at compared debt our repayments. Our and was million capital to
As our growth. it relates unit to
opened the quarter, and During restaurants of three consisting franchise new BurgerFi three first six corporate-owned locations. we
optimistic to remain short-term about our and on our We outlook. Moving prospects. long-term
sales was surge as we progressed. the the Omicron given January quarter While volatile a month the variant, saw more improve in sales
$XX.X revenues our XX million of restaurants. million for million are the reiterating same-store total, million, sales new we XXXX, expecting increase XXXX. restaurant At to in annual of capital to first the expenditures mid-single-digit to full to year, the new addition which which previous corporate-owned the assumes we have the XX a for $X of quarter, be compares $X includes for close $XXX such, As which and million openings completed guidance, our between are we in year. or In $XXX
the synergies a stabilizing. cost financial profitable our to XXXX on year. franchised, To for and the in which as highlight expenditures for new completed be want beginning we be ramp our capital locations planned future XXXX and the guidance acquisition in up accelerating have set will in sales Anthony's all at which We are meeting to our I just remain Anthony's quarters. up that financial costs, growth. following performance will are us year As restaurant of essentially are summarize, to focus Further, in preopening driving coming we confident of
it to discuss Ian? I'll to going plan forward. initiative send our and Ian growth Now back strategic
