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 ...

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 ...

BRADENTON, Fla., Oct. 14, 2024 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (NASDAQ: FWRG) ("First Watch" or the "Company") provides the following information regarding Hurricane Milton. From October 8, 2024 through October 13, 2024, 85 Company-owned restaurants in Hurricane Milton's path were closed at least one business day for employee safety, storm preparation, utility outage, damage assessment and re-stocking. By Monday, October 14th, 77 of those restaurants had been reopened. Management is a ...

Investors in First Watch Restaurant Group, Inc. (FWRG) need to pay close attention to the stock based on moves in the options market lately. That is because the Nov 15, 2024 $30 Call had some of the highest implied volatility of all equity options today. What is Implied Volatility? Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the oth ...

Shares of First Watch Restaurant Group Inc (FWRG, Financial) fell 4.33% in mid-day trading on Oct 2. The stock reached an intraday low of $14.31, before recovering slightly to $14.37, down from its previous close of $15.02. This places FWRG 44.69% below its 52-week high of $25.98 and 2.28% above its 52-week low of $14.05. Trading volume was 105,360 shares, 18.4% of the average daily volume of 571,325. Wall Street Analysts Forecast Based on the one-year price targets offered by 10 analysts, the average targe ...

BRADENTON, Fla., Oct. 02, 2024 (GLOBE NEWSWIRE) -- First Watch, the leading Daytime Dining restaurant serving breakfast, brunch and lunch, has been named the #1 Most Loved Workplace® in America by Newsweek and the Best Practice Institute. This is the third consecutive year First Watch has been recognized on the list—a demonstration of the company's focus on championing its "You First" culture for its more than 14,000 employees. "To be named the 'Most Loved Workplace' in America is an incredible honor, becau ...

BartekSzewczyk/iStock via Getty Images First Watch Restaurant Group, Inc. (NASDAQ:FWRG) reported the company's Q2 results in early August, showing a considerable traffic decline amid weaker consumer traffic. First Watch also updated the company's 2024 guidance, now reflecting weaker H2 traffic as well amid challenged consumer spending. Despite the slower traffic, First Watch's overall growth story is still progressing well unless the weaker traffic becomes a long-term trend even after consumer spending reco ...

Tom Werner/DigitalVision via Getty Images Dealing with Slow Traffic: An Inescapable Reality I recently started my 'Goulart's Restaurant Stocks' follow-up on the family restaurant company First Watch (NASDAQ:FWRG) with the article entitled "First Watch Restaurant: The Price For Maintaining Pricing". I highly recommend reading it, where I dissected the financial, operational and strategy structure used for the current restaurant industry environment. That said, I also recommend checking out my other articles ...

BRADENTON, Fla., Sept. 03, 2024 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (NASDAQ: FWRG), the leading Daytime Dining concept serving breakfast, brunch and lunch, recently announced the promotion of Rob Conti to Chief Information Officer. Joining First Watch in 2019, he previously served as Senior Vice President of Information Technology, and brings to the role more than 25 years of experience leading technology solutions and services for prominent hospitality brands. At First Watch, he is respo ...

BRADENTON, Fla., Aug. 22, 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 the appointment of Charles Jemley to its Board of Directors and as Chair of the Audit Committee effective immediately and the appointment of Michael Fleisher to its Board of Directors effective November 1, 2024. "We are pleased to welcome Charley and Michael to our Board of Directors, and ...