First Watch Restaurant Group, Inc. (FWRG) Q2 Earnings Miss Estimates

Company Performance - First Watch Restaurant Group, Inc. (FWRG) reported quarterly earnings of $0.03 per share, missing the Zacks Consensus Estimate of $0.07 per share, and down from $0.14 per share a year ago, representing an earnings surprise of -57.14% [1] - The company posted revenues of $307.89 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 0.55%, compared to year-ago revenues of $258.56 million [2] - Over the last four quarters, the company has not surpassed consensus EPS estimates, but has topped consensus revenue estimates two times [2] Stock Performance - First Watch Restaurant Group shares have lost about 7.4% since the beginning of the year, while the S&P 500 has gained 7.6% [3] - The current consensus EPS estimate for the coming quarter is $0.05 on revenues of $304.98 million, and $0.19 on revenues of $1.21 billion for the current fiscal year [7] Industry Outlook - The Zacks Industry Rank for Retail - Restaurants is currently in the top 41% of over 250 Zacks industries, indicating that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [8] - The estimate revisions trend for First Watch Restaurant Group was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, suggesting it is expected to perform in line with the market in the near future [6]