BurgerFi International, Inc. (NASDAQ:BFI) Q4 2023 Earnings Call Transcript

Chris Jones: Absolutely. So, I think, I probably will shy away from giving a specific margin rate or that kind of level of detailed guidance but to your point certainly cost of goods will continue to, food and beverage will certainly be a large part of it but we also do believe that other operating expenses we will be able to get our hands around as well as labor costs One of the things that this organization has struggled substantially with labor, you don’t necessarily see it manifested in the numbers today but I think you what we are seeing is a substantial reduction in turnover, and so a big reduction in training hours and such as well. So that would be an area where I think we could see substantial improvement, in particularly in the event that we start to get some positive top line.

I would say that was where you would see the most dramatic improvement in terms of overall leverage. Secondly, I thing a corporate G&A will continue to be an important area for us. We are holding the line on corporate expenses here, and I can think that’s something in that trend that we are going to able continue as well.

Operator: And, ladies and gentlemen, with that we’ll be concluding today’s question and answer session, as well as today’ s presentation. We thank everyone for joining. You may now disconnect your lines.