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 March 31, 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 82-4271369 ...

Exhibit 99.1 First Watch Restaurant Group, Inc. Reports Strong Q1 2024 Financial Results Total revenues increased 14.7%; same-restaurant sales growth of 0.5%* Income from operations margin of 5.1% and restaurant level operating profit margin of 20.8% Net income of $7.2 million and Adjusted EBITDA of $28.6 million 9 system-wide restaurants opened across 8 states BRADENTON, FL — May 7, 2024 — First Watch Restaurant Group, Inc. (NASDAQ: FWRG) (“First Watch” or the “Company”), the leading Daytime Dining concept ...

Total revenues increased 14.7%; same-restaurant sales growth of 0.5%*Income from operations margin of 5.1% and restaurant level operating profit margin of 20.8%Net income of $7.2 million and Adjusted EBITDA of $28.6 million9 system-wide restaurants opened across 8 states BRADENTON, Fla., May 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 fo ...

First Watch Restaurant Group, Inc. (FWRG) has sealed a significant deal, acquiring 21 franchise-owned restaurants in North Carolina for $75 million. This marks FWRG's largest franchise acquisition to date, reinforcing its commitment to expansion and value creation. The acquisition aligns with the company’s long-term strategy, bringing in establishments expected to match the performance of its company-owned counterparts.Chris Tomasso, CEO and president of First Watch Restaurant, emphasizes the strategic impo ...

BRADENTON, Fla., April 15, 2024 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (NASDAQ:FWRG) (together with its subsidiaries "First Watch" or the "Company"), the leading Daytime Dining concept serving breakfast, brunch and lunch, today announced the completion of its previously-announced acquisition of 21 of its franchise-owned restaurants and corresponding development rights in North Carolina for an aggregate purchase price of $75 million on a cash-free, debt-free basis. "This acquisition, which re ...

BRADENTON, Fla., March 07, 2024 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. ("FWRG" or the "Company") (NASDAQ:FWRG), a leading Daytime Dining concept serving breakfast, brunch and lunch, today announced the launch of an underwritten secondary offering (the "Offering") by certain funds managed by Advent International, L.P. (the "Selling Stockholders") of 6,000,000 shares of the Company's common stock ("Common Stock"). The underwriter has a 30-day option to purchase up to an additional 900,000 shar ...

First Watch Restaurant Group, Inc. (NASDAQ:FWRG) Q4 2023 Earnings Conference Call March 5, 2024 8:00 AM ET Company Participants Steve Marotta - VP of IR Christopher Tomasso - CEO and President Mel Hope - CFO Conference Call Participants Brian Vaccaro - Raymond James Jeffrey Bernstein - Barclays Andy Barish - Jefferies Brian Mullan - Piper Sandler Sara Senatore - Bank of America Andrew Charles - TD Cowen Jon Tower - Citigroup Chris O'Cull - Stifel Operator Thank you for standing by, and welcome to the First ...

First Watch Restaurant Group, Inc. (FWRG) reported $244.63 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 31.7%. EPS of $0.04 for the same period compares to -$0.01 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $238.62 million, representing a surprise of +2.52%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.04.While investors scrutinize revenue and earnings changes year-over-year and how t ...

First Watch Restaurant Group, Inc. (FWRG) came out with quarterly earnings of $0.04 per share, in line with the Zacks Consensus Estimate. This compares to loss of $0.01 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this company would post earnings of $0.04 per share when it actually produced earnings of $0.09, delivering a surprise of 125%.Over the last four quarters, the company has surpassed consensus EPS estimates three times.First Watch Rest ...

Total revenues of $891.6 million, up 22.1% and System-wide sales of $1.1 billion, up 20.6%Same-restaurant sales growth of 7.6%* with positive same-restaurant traffic growthIncome from operations margin of 4.7% and Restaurant level operating profit margin of 20.0%Net income of $25.4 million and Adjusted EBITDA of $99.5 million51 system-wide restaurants opened across 19 states BRADENTON, Fla., March 05, 2024 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (NASDAQ:FWRG) ("First Watch" or the "Company"), ...