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First Watch Restaurant Group, Inc. (FWRG) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
Zacks Investment Research· 2024-03-05 15:31
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) Q4 Earnings Meet Estimates
Zacks Investment Research· 2024-03-05 14:21
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 ...
First Watch Restaurant Group, Inc. Reports Strong 2023 Financial Results and Provides 2024 Outlook
Newsfilter· 2024-03-05 12:00
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"), ...
First Watch Restaurant (FWRG) - 2023 Q4 - Annual Report
2024-03-04 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-040866 First Watch Restaurant Group, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Delawar ...
Seeking Clues to First Watch Restaurant Group, Inc. (FWRG) Q4 Earnings? A Peek Into Wall Street Projections for Key Metrics
Zacks Investment Research· 2024-02-29 15:16
Wall Street analysts expect First Watch Restaurant Group, Inc. (FWRG) to post quarterly earnings of $0.04 per share in its upcoming report, which indicates a year-over-year increase of 500%. Revenues are expected to be $238.62 million, up 28.5% from the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Ahead of a company's earnings disclosu ...
First Watch Restaurant (FWRG) - 2023 Q3 - Earnings Call Transcript
2023-11-01 15:57
First Watch Restaurant Group, Inc. (NASDAQ:FWRG) Q3 2023 Earnings Call Transcript November 1, 2023 8:00 AM ET Company Participants Steve Marotta - Vice President of Investor Relations Christopher Tomasso - Chief Executive Officer & President Mel Hope - Chief Financial Officer Conference Call Participants Jeffrey Bernstein - Barclays Katherine Griffin - Bank of America Andy Barish - Jefferies Ella Ji - Stifel Brian Vaccaro - Raymond James Ashley Aloupis - Piper Sandler John McNamara - Guggenheim Securities O ...
First Watch Restaurant (FWRG) - 2023 Q3 - Quarterly Report
2023-10-31 16:00
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 24, 2023 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. (State or other jurisdiction of incorporation or organization) Delawa ...
First Watch Restaurant (FWRG) - 2023 Q2 - Earnings Call Transcript
2023-08-01 18:46
First Watch Restaurant Group, Inc. (NASDAQ:FWRG) Q2 2023 Earnings Call Transcript August 1, 2023 8:00 AM ET Company Participants Steve Marotta - Vice President of Investor Relations Christopher Tomasso - Chief Executive Officer & President Mel Hope - Chief Financial Officer Conference Call Participants Jon Tower - Citigroup Andrew Barish - Jefferies Christopher O'Cull - Stifel Gregory Francfort - Guggenheim Securities Katherine Griffin - Bank of America Andrew Charles - TD Cowen Operator Thank you for stand ...
First Watch Restaurant (FWRG) - 2023 Q2 - Earnings Call Presentation
2023-08-01 16:52
___________________________ (1) Average unit volume presented on an annual basis only. (2) Reconciliations from Income (Loss) from operations and Income (Loss) from operations margin, the most comparable GAAP measures to Restaurant level operating profit and Restaurant level operating profit margin, are set forth in the schedules within the "Non-GAAP Financial Measures" section. (3) Reconciliations from Net income (loss) and Net income (loss) margin, the most comparable GAAP measures to Adjusted EBITDA and ...
First Watch Restaurant (FWRG) - 2023 Q2 - Quarterly Report
2023-07-31 16:00
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 June 25, 2023 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 ...