UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________ FORM 8-K ___________________________________ CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 January 13, 2025 Date of Report (date of earliest event reported) ___________________________________ First Watch Restaurant Group, Inc. (Exact name of registrant as specified in its charter) ___________________________________ Delaware (State or other jurisdiction of inco ...

Core Insights - First Watch Restaurant Group achieved significant financial milestones in 2024, surpassing $1 billion in total revenues and $100 million in adjusted EBITDA for the first time [2][7] Q4 2024 Highlights - Total revenues increased by 7.6% to $263.3 million in Q4 2024 from $244.6 million in Q4 2023 [8] - System-wide sales rose by 2.6% to $304.1 million in Q4 2024 from $296.5 million in Q4 2023 [8] - Same-restaurant sales growth was negative 0.3%, with same-restaurant traffic growth at negative 3.0% [8] - Income from operations decreased to $3.9 million in Q4 2024 from $6.9 million in Q4 2023, with an income from operations margin of 1.5% [8] - Net income for Q4 2024 was $0.7 million compared to $2.6 million in Q4 2023 [8] Fiscal Year 2024 Highlights - Total revenues for the fiscal year 2024 increased by 13.9% to $1.0 billion from $891.6 million in 2023 [8] - System-wide sales increased to $1.2 billion from $1.1 billion in 2023 [8] - Same-restaurant sales growth was negative 0.5%, with same-restaurant traffic growth at negative 4.0% [8] - Net income decreased to $18.9 million from $25.4 million in 2023 [8] - Adjusted EBITDA increased to $113.8 million from $99.5 million in 2023 [8] Outlook for Fiscal Year 2025 - The company projects total revenues of $1.0 billion, representing a 13.9% increase, and system-wide sales of $1.2 billion, up 7.4% [7] - Expected net income is $18.9 million with adjusted EBITDA of $113.8 million [7] - Plans to open 50 system-wide restaurants across 19 states [7] Operational Metrics - Restaurant level operating profit increased to $201.8 million in 2024 from $175.7 million in 2023, with a restaurant level operating profit margin of 20.1% [8] - The company opened 50 system-wide restaurants in 2024, resulting in a total of 572 restaurants across 29 states [8]

Core Insights - First Watch Restaurant Group, Inc. (FWRG) is expected to report quarterly earnings of $0.02 per share, reflecting a year-over-year decline of 50% [1] - Revenue projections stand at $262.18 million, indicating a 7.2% increase from the same quarter last year [1] Earnings Projections - Analysts have not revised the consensus EPS estimate for the quarter in the past 30 days, suggesting stability in expectations [1] - Changes in earnings projections are crucial for predicting investor reactions, with empirical studies showing a strong correlation between earnings estimate trends and short-term stock price movements [2] Revenue Breakdown - Franchise revenues are estimated at $2.76 million, representing a decline of 23.1% year-over-year [4] - Restaurant sales are projected to be $259.43 million, indicating a year-over-year increase of 7.6% [4] Key Metrics - Same-restaurant sales growth is forecasted at -0.5%, a significant drop from the 5% reported in the same quarter last year [5] - The total number of system-wide restaurants is expected to reach 572, up from 524 in the same quarter last year [5] - Franchise-owned restaurants are projected to total 83, down from 99 year-over-year [5] - Company-owned restaurants are estimated at 488, compared to 425 in the same quarter last year [6] Stock Performance - FWRG shares have decreased by 10.3% over the past month, contrasting with the Zacks S&P 500 composite's decline of 4.1% [6] - The company holds a Zacks Rank of 3 (Hold), indicating it is expected to closely follow overall market performance in the near term [6]

Conference call and webcast to be held the same day at 8:00 AM ETBRADENTON, Fla., Feb. 18, 2025 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (NASDAQ: FWRG) (“First Watch” or the “Company”), the leading Daytime Dining concept serving breakfast, brunch and lunch, today announced that it plans to release its fourth quarter and fiscal year 2024 financial results on Tuesday, March 11, 2025, before the market opens. A conference call and webcast will follow at 8:00 AM ET, hosted by Chris Tomasso, Chief ...

Company Overview - First Watch (NASDAQ: FWRG) is described as a unique fast-growing restaurant chain in the U.S., specifically in the family dining segment [1]. Analyst Background - The analysis is conducted by an equity analyst and accountant with a specialization in restaurant stocks, holding an MBA in Forensic Accounting and Controllership [1]. - The analyst leads Goulart's Restaurant Stocks, focusing on various segments of the restaurant industry, including QSR, fast casual, casual dining, fine dining, and family dining [1]. Analytical Approach - The company employs advanced analytical models and specialized valuation techniques to provide detailed insights and actionable strategies for investors [1]. - The analyst also engages in academic and journalistic initiatives, contributing to institutions that promote economic freedom and financial education [1]. Market Engagement - The analyst has experience in accounting and business consulting across LATAM, serving as an independent accountant and consultant [1].

First Watch Restaurant Group, Inc. (FWRG) reported fourth-quarter and fiscal 2024 preliminary results. Following the preliminary results, the company’s shares declined 2% yesterday.First Watch CEO and president Chris Tomasso said that the company met its fourth-quarter goal of opening 25 new restaurants, including 23 company-owned locations. He also noted that same-restaurant sales and traffic growth for the quarter were at the high end of expectations. Looking ahead to 2025, Tomasso emphasized the company' ...

Core Insights - First Watch Restaurant Group reported preliminary operational metrics for the fourth quarter and fiscal year ended December 29, 2024, highlighting a focus on growth in the Daytime Dining sector [1][2]. Sales and Traffic Highlights - Same-restaurant sales growth for the fourth quarter was -0.3%, while for the entire fiscal year it was -0.5% [3]. - Same-restaurant traffic growth was recorded at -3.0% for the fourth quarter and -4.0% for the fiscal year [3]. Restaurant Development - In the fourth quarter of 2024, First Watch opened 25 new restaurants, including 23 company-owned and 2 franchise-owned [4]. - For the entire year of 2024, the company opened 50 new restaurants (43 company-owned and 7 franchise-owned) and closed 2 [4]. - As of December 29, 2024, First Watch operated 572 system-wide restaurants, comprising 489 company-owned and 83 franchise-owned across 29 states [5]. Upcoming Events - The CEO and CFO will participate in a fireside chat at the 27th Annual ICR Conference on January 14, 2025 [6]. - The leadership team will also meet with institutional investors at the Jefferies Summit on January 28, 2025 [7]. Company Overview - First Watch is recognized as a leading Daytime Dining concept, serving made-to-order breakfast, brunch, and lunch with a focus on fresh ingredients [11]. - The company has received numerous accolades, including being named the 1 Most Loved Workplace in America for 2024 by Newsweek [11].

BRADENTON, Fla., Jan. 07, 2025 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. ("First Watch" or the "Company") (NASDAQ:FWRG), the leading Daytime Dining concept serving breakfast, brunch and lunch, today announced that Chris Tomasso, Chief Executive Officer and President, and Mel Hope, Chief Financial Officer, will participate in two upcoming conferences: The Company will host a fireside chat at the 27th Annual ICR Conference on Jan. 14, 2025 at 10:00 AM ET. The fireside chat will be available at ht ...

First Watch Restaurant Group (NASDAQ: FWRG ) hasn’t really gone back on its word. They are not really a discount brand, even with traffic pushing comparable sales down onceI'm an Equity Analyst and Accountant specializing in restaurant stocks, with a strong foundation in Business Administration and Accounting, complemented by an MBA in Forensic Accounting and Controllership. As the founder of Goulart's Restaurant Stocks, I lead a company focused on analyzing restaurant stocks in the U.S. market. Our coverag ...

First Watch Restaurant Group, Inc. (FWRG) has entered into an agreement to acquire 15 franchise-owned locations and one restaurant under construction in North and South Carolina for a total of $49 million.The transaction is expected to close by mid-April 2025, subject to customary closing conditions, and will be funded with a combination of cash and borrowings from the company’s credit facility.The company views strategic acquisitions of franchise-operated restaurants as a key component of its long-term gro ...