First Watch Restaurant Group, Inc. (FWRG) Reports Q1 Loss, Lags Revenue Estimates

Financial Performance - First Watch Restaurant Group reported a quarterly loss of $0.01 per share, missing the Zacks Consensus Estimate of $0.04, and down from earnings of $0.12 per share a year ago, representing an earnings surprise of -125% [1] - The company posted revenues of $282.24 million for the quarter ended March 2025, which was a 0.03% miss against the Zacks Consensus Estimate, compared to year-ago revenues of $242.45 million [2] - Over the last four quarters, the company has surpassed consensus EPS estimates just once and topped consensus revenue estimates two times [2] Market Performance - First Watch Restaurant Group shares have remained flat since the beginning of the year, contrasting with the S&P 500's decline of -3.9% [3] - The current consensus EPS estimate for the coming quarter is $0.16 on revenues of $304.63 million, and for the current fiscal year, it is $0.36 on revenues of $1.21 billion [7] Industry Outlook - The Retail - Restaurants industry, to which First Watch belongs, is currently ranked in the bottom 23% of over 250 Zacks industries, indicating potential challenges ahead [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact First Watch's stock performance [5]