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Complete financial analysis of First Watch Restaurant Group, Inc. (FWRG) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of First Watch Restaurant Group, Inc., a leading company in the Restaurants industry within the Consumer Cyclical sector.
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First Watch Restaurant Group, Inc. (FWRG)
About First Watch Restaurant Group, Inc.
First Watch Restaurant Group, Inc. operates and franchises restaurants under the First Watch trade name. As of March 23, 2022, it operated 341 company-owned restaurants and 94 franchised restaurants in 28 states in the United States. The company was formerly known as AI Fresh Super Holdco, Inc. and changed its name to First Watch Restaurant Group, Inc. in December 2019. First Watch Restaurant Group, Inc. was founded in 1983 and is headquartered in Bradenton, Florida.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|
| Revenue | 891.55M | 730.16M | 601.19M | 342.39M | 436.37M | 349.77M |
| Cost of Revenue | 701.43M | 590.63M | 473.65M | 312.51M | 348.96M | 278.41M |
| Gross Profit | 190.12M | 139.54M | 127.55M | 29.88M | 87.41M | 71.36M |
| Gross Profit Ratio | 21.32% | 19.11% | 21.22% | 8.73% | 20.03% | 20.40% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 103.12M | 84.96M | 70.39M | 46.32M | 55.82M | 37.53M |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 103.12M | 84.96M | 70.39M | 46.32M | 55.82M | 37.53M |
| Other Expenses | 45.73M | 34.23M | 35.69M | 30.73M | 33.84M | 0.00 |
| Operating Expenses | 148.85M | 119.19M | 106.08M | 77.05M | 89.66M | 67.40M |
| Cost & Expenses | 850.28M | 709.82M | 579.73M | 389.55M | 438.62M | 345.81M |
| Interest Income | 0.00 | 5.23M | 20.10M | 22.82M | 20.08M | 16.48M |
| Interest Expense | 8.06M | 5.23M | 20.10M | 22.82M | 20.08M | 0.00 |
| Depreciation & Amortization | 41.22M | 50.35M | 45.43M | 42.45M | 38.80M | 26.12M |
| EBITDA | 85.36M | 54.73M | 59.71M | -4.29M | 988.00K | 33.83M |
| EBITDA Ratio | 9.57% | 7.60% | 8.66% | -4.66% | 5.85% | 9.67% |
| Operating Income | 41.27M | 16.91M | 22.24M | -47.17M | -2.51M | 7.71M |
| Operating Income Ratio | 4.63% | 2.32% | 3.70% | -13.78% | -0.57% | 2.20% |
| Total Other Income/Expenses | -5.19M | -4.32M | -21.87M | -22.33M | -20.34M | -15.76M |
| Income Before Tax | 36.08M | 12.59M | 370.00K | -69.55M | -57.89M | -12.52M |
| Income Before Tax Ratio | 4.05% | 1.72% | 0.06% | -20.31% | -13.27% | -3.58% |
| Income Tax Expense | 10.69M | 5.68M | 2.48M | -19.87M | -12.42M | 221.00K |
| Net Income | 25.39M | 6.91M | -2.11M | -49.68M | -45.47M | -12.30M |
| Net Income Ratio | 2.85% | 0.95% | -0.35% | -14.51% | -10.42% | -3.52% |
| EPS | 0.43 | 0.12 | -0.04 | -0.84 | -0.77 | -0.27 |
| EPS Diluted | 0.41 | 0.11 | -0.04 | -0.84 | -0.77 | -0.27 |
| Weighted Avg Shares Out | 59.53M | 59.10M | 59.05M | 59.05M | 59.05M | 45.01M |
| Weighted Avg Shares Out (Dil) | 61.19M | 60.14M | 59.05M | 59.05M | 59.05M | 45.01M |
First Watch Restaurant: Between Hurricanes And Acquisitions, The Sun Shines
First Watch Restaurant Group maintains its stance against value promotions, focusing on targeted advertising, resulting in a 1.9% year-over-year decline in comparable sales due to lower traffic. The company is aggressively expanding by acquiring franchises and opening new restaurants, aiming...
FWRG Stock Gains on a Deal to Acquire 16 Franchise Restaurants
First Watch Restaurant is set to expand its East Coast presence with the acquisition of 16 franchise locations.
First Watch Restaurant Group, Inc. Announces Pricing of Secondary Offering of Common Stock
BRADENTON, Fla., Nov. 12, 2024 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (“FWRG” or the “Company”) (NASDAQ: FWRG), the leading Daytime Dining concept serving breakfast, brunch and lunch, today announced the pricing of its previously announced underwritten secondary offering...
First Watch Restaurant Group, Inc. Announces Secondary Offering of Common Stock
BRADENTON, Fla., Nov. 12, 2024 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (“FWRG” or the “Company”) (NASDAQ: FWRG), the leading Daytime Dining concept serving breakfast, brunch and lunch, today announced the launch of an underwritten secondary offering (the “Offering”)...
First Watch Inspires Acts of Kindness with ‘Sweet' Gesture on World Kindness Day
Restaurant giving away 15,000 Cinnamon Rolls for customers to pay forward on November 13 Restaurant giving away 15,000 Cinnamon Rolls for customers to pay forward on November 13
First Watch Restaurant Group, Inc. (FWRG) Q3 2024 Earnings Conference Call Transcript
First Watch Restaurant Group, Inc. (NASDAQ:FWRG ) Q3 2024 Earnings Conference Call November 7, 2024 8:00 AM ET Company Participants Steven Marotta - VP, IR Chris Tomasso - President and CEO Mel Hope - CFO Conference Call Participants Jim Salera...
Compared to Estimates, First Watch Restaurant Group (FWRG) Q3 Earnings: A Look at Key Metrics
Although the revenue and EPS for First Watch Restaurant Group (FWRG) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and...
First Watch Restaurant Group, Inc. (FWRG) Lags Q3 Earnings and Revenue Estimates
First Watch Restaurant Group, Inc. (FWRG) came out with quarterly earnings of $0.03 per share, missing the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.09 per share a year ago.
First Watch Restaurant Group, Inc. Reports Q3 2024 Financial Results
Total revenues increased 14.8% Net income of $2.1 million and Adjusted EBITDA growth of 18% to $25.6 million 9 new system-wide restaurants opened in 8 states
Analysts Estimate First Watch Restaurant Group, Inc. (FWRG) to Report a Decline in Earnings: What to Look Out for
First Watch Restaurant Group (FWRG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Source: https://incomestatements.info
Category: Stock Reports