New York CNN —
BurgerFi, the fast-casual burger chain and owner of Anthony’s Coal Fired Pizza, is running out of cash – and options. The company said it may need to file for bankruptcy.
The company said it had just $4.4 million on hand as of August 14. It also expects to report a loss of $18.4 million for the quarter ending July 1. In the same quarter in 2023, the chain reported a loss of only $6 million.
BurgerFi’s dire financial situation underscores the difficulty some fast casual chains have had in recent months, as
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