First Watch Restaurant Group, Inc. (FWRG) reported $242.45 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 14.7%. EPS of $0.12 for the same period compares to $0.15 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $244.78 million, representing a surprise of -0.95%. The company delivered an EPS surprise of +20.00%, with the consensus EPS estimate being $0.10.While investors scrutinize revenue and earnings changes year-over-year and how ...

First Watch Restaurant Group, Inc. (FWRG) came out with quarterly earnings of $0.12 per share, beating the Zacks Consensus Estimate of $0.10 per share. This compares to earnings of $0.15 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 20%. A quarter ago, it was expected that this company would post earnings of $0.04 per share when it actually produced earnings of $0.04, delivering no surprise.Over the last four quarters, the c ...

Q1 2024 To supplement the consolidated financial statements, which are prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP"), we use the following non-GAAP measures, which present operating results on an adjusted basis: (i) Adjusted EBITDA, (ii) Adjusted EBITDA margin, (iii) Restaurant level operating profit and (iv) Restaurant level operating profit margin. Our presentation of these non-GAAP measures includes isolating the effects of some items that a ...

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) (State or other jur ...

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 ...