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First Watch Restaurant Group, Inc. Announces Pricing of Secondary Offering of Common Stock
GlobeNewswire News Room· 2024-11-12 14:27
Core Viewpoint - First Watch Restaurant Group, Inc. announced the pricing of an underwritten secondary offering of 8,000,000 shares of its common stock at a public price of $19.95 per share, with the offering expected to close on November 13, 2024 [1][2] Group 1: Offering Details - The underwriter has a 30-day option to purchase up to an additional 1,200,000 shares at the public offering price [2] - The Selling Stockholders will receive all proceeds from the offering, while the Company will not sell any shares or receive any proceeds [2] - Goldman Sachs & Co. LLC is acting as the sole underwriter for the offering [2] Group 2: Company Overview - First Watch is a leading Daytime Dining concept serving made-to-order breakfast, brunch, and lunch using fresh ingredients [7] - The company operates more than 540 restaurants across 29 states and has received numerous accolades for its breakfast and brunch offerings [7] - First Watch was named 2024's 1 Most Loved Workplace in America and recognized as the top restaurant brand in Yelp's inaugural list of the top 50 most-loved brands in the U.S. [7]
First Watch Inspires Acts of Kindness with ‘Sweet' Gesture on World Kindness Day
GlobeNewswire News Room· 2024-11-11 16:00
BRADENTON, Fla., Nov. 11, 2024 (GLOBE NEWSWIRE) -- A little kindness goes a long way, and First Watch Restaurant Group, Inc. (NASDAQ: FWRG) (together with its subsidiaries “First Watch” or the “Company”) – the leading daytime dining concept specializing in breakfast, brunch and lunch – is spreading the joy this year for World Kindness Day. On Wednesday, November 13, First Watch is giving away more than 15,000 cinnamon rolls for customers to “pay forward” as a random act of kindness in their communities. The ...
First Watch Restaurant Group, Inc. (FWRG) Q3 2024 Earnings Conference Call Transcript
Seeking Alpha· 2024-11-10 09:37
First Watch Restaurant Group, Inc. (NASDAQ:FWRG) Q3 2024 Earnings Conference Call November 7, 2024 8:00 AM ET Company Participants Steven Marotta - VP, IR Chris Tomasso - President and CEO Mel Hope - CFO Conference Call Participants Jim Salera - Stephens Jeffrey Bernstein - Barclays Todd Brooks - The Benchmark Company Andy Barish - Jefferies Brian Vaccaro - Raymond James Katherine Griffin - Bank of America Jon Tower - Citi Gregory Francfort - Guggenheim Securities Operator Greetings, and welcome to the Firs ...
First Watch Restaurant (FWRG) - 2024 Q3 - Earnings Call Transcript
2024-11-10 09:37
First Watch Restaurant Group, Inc. (NASDAQ:FWRG) Q3 2024 Earnings Conference Call November 7, 2024 8:00 AM ET Company Participants Steven Marotta - VP, IR Chris Tomasso - President and CEO Mel Hope - CFO Conference Call Participants Jim Salera - Stephens Jeffrey Bernstein - Barclays Todd Brooks - The Benchmark Company Andy Barish - Jefferies Brian Vaccaro - Raymond James Katherine Griffin - Bank of America Jon Tower - Citi Gregory Francfort - Guggenheim Securities Operator Greetings, and welcome to the Firs ...
Compared to Estimates, First Watch Restaurant Group (FWRG) Q3 Earnings: A Look at Key Metrics
ZACKS· 2024-11-07 16:00
For the quarter ended September 2024, First Watch Restaurant Group, Inc. (FWRG) reported revenue of $251.61 million, up 14.8% over the same period last year. EPS came in at $0.03, compared to $0.09 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $260.05 million, representing a surprise of -3.25%. The company delivered an EPS surprise of -40.00%, with the consensus EPS estimate being $0.05.While investors scrutinize revenue and earnings changes year-over-year and how ...
First Watch Restaurant Group, Inc. (FWRG) Lags Q3 Earnings and Revenue Estimates
ZACKS· 2024-11-07 14:45
First Watch Restaurant Group, Inc. (FWRG) came out with quarterly earnings of $0.03 per share, missing the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.09 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -40%. A quarter ago, it was expected that this company would post earnings of $0.12 per share when it actually produced earnings of $0.14, delivering a surprise of 16.67%.Over the last four quart ...
First Watch Restaurant (FWRG) - 2024 Q3 - Quarterly Report
2024-11-07 12:05
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 29, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to _____ Commission file number 001-40866 First Watch Restaurant Group, Inc. (Exact name of registrant as specified in its charter) Delaware 82-427 ...
First Watch Restaurant (FWRG) - 2024 Q3 - Quarterly Results
2024-11-07 12:03
Exhibit 99.1 First Watch Restaurant Group, Inc. Reports Q3 2024 Financial Results Total revenues increased 14.8% Net income of $2.1 million and Adjusted EBITDA growth of 18% to $25.6 million 9 new system-wide restaurants opened in 8 states BRADENTON, Fla. — November 7, 2024 — First Watch Restaurant Group, Inc. (NASDAQ: FWRG) ("First Watch" or the "Company"), the leading Daytime Dining concept serving breakfast, brunch and lunch, today reported financial results for the thirteen weeks ended September 29, 202 ...
First Watch Restaurant Group, Inc. Reports Q3 2024 Financial Results
GlobeNewswire News Room· 2024-11-07 12:00
Total revenues increased 14.8%Net income of $2.1 million and Adjusted EBITDA growth of 18% to $25.6 million9 new system-wide restaurants opened in 8 states BRADENTON, Fla., Nov. 07, 2024 (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 reported financial results for the thirteen weeks ended September 29, 2024 (“Q3 2024”). “We are pleased with our performance in Q3 as it reflec ...
First Watch Restaurant Group, Inc. to Report Third Quarter 2024 Financial Results on November 7, 2024
GlobeNewswire News Room· 2024-10-24 12:00
BRADENTON, Fla., Oct. 24, 2024 (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 third quarter 2024 financial results on Thursday, November 7, 2024, before the market opens. A conference call and webcast will follow at 8:00 AM ET, hosted by Chris Tomasso, Chief Executive Officer and President, and Mel Hope, Chief Financial Officer. Interes ...