First Watch Restaurant Group (FWRG) Reports Q2 Earnings: What Key Metrics Have to Say

Core Insights - First Watch Restaurant Group, Inc. (FWRG) reported revenue of $307.89 million for the quarter ended June 2025, reflecting a 19.1% increase year-over-year and a surprise of +0.55% over the Zacks Consensus Estimate of $306.19 million [1] - The company's EPS was $0.03, down from $0.14 in the same quarter last year, resulting in a -57.14% surprise compared to the consensus estimate of $0.07 [1] Financial Performance Metrics - Same-restaurant sales growth was 3.5%, exceeding the average estimate of 2.4% from four analysts [4] - Total system-wide restaurants reached 600, slightly above the average estimate of 596 [4] - Franchise-owned restaurants totaled 69, compared to the estimated 68 [4] - Company-owned restaurants numbered 531, surpassing the average estimate of 527 [4] - Franchise revenues were reported at $2.9 million, above the average estimate of $2.42 million, but represented a -6.4% year-over-year change [4] - Restaurant sales revenues were $304.98 million, exceeding the average estimate of $303.56 million, with a year-over-year increase of 19.4% [4] Stock Performance - Over the past month, shares of First Watch Restaurant Group have returned -1%, while the Zacks S&P 500 composite has seen a +1% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]