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 ...

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]

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 ...

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) 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 ...

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 ...