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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 Group, Inc. to Report Third Quarter 2024 Financial Results on November 7, 2024
BRADENTON, Fla., Oct. 24, 2024 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (NASDAQ: FWRG) (“First Watch” or the “Company”), the leading Daytime Dining concept serving breakfast, brunch and lunch, today announced that it plans to release its third quarter...
First Watch Restaurant Group, Inc. Provides Status of Company Restaurants Affected by Hurricane Milton
BRADENTON, Fla., Oct. 14, 2024 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (NASDAQ: FWRG) (“First Watch” or the “Company”) provides the following information regarding Hurricane Milton.
Is the Options Market Predicting a Spike in First Watch (FWRG) Stock?
Investors need to pay close attention to First Watch (FWRG) stock based on the movements in the options market lately.
First Watch Restaurant Group Inc (FWRG) Shares Down 4.33% on Oct 2
Shares of First Watch Restaurant Group Inc (FWRG, Financial) fell 4.33% in mid-day trading on Oct 2. The stock reached an intraday low of $14.31, before recovering slightly to $14.37, down from its previous close of $15.02.
First Watch Named Newsweek's #1 Most Loved Workplace® in America
Daytime Dining leader recognized for the third consecutive year for team member sentiment and satisfaction Daytime Dining leader recognized for the third consecutive year for team member sentiment and satisfaction
First Watch Restaurant: Q2, Traffic Issues Are Likely Temporary (Rating Upgrade)
First Watch Restaurant Group's Q2 showed a considerable traffic decline, but solid underlying earnings growth from a growing scale and upkept pricing. First Watch adjusted its 2024 guidance to reflect weaker expected traffic, but the guidance shift is still likely...
First Watch Restaurant: A Non-Traditional Recipe For Dealing With Traffic
First Watch's strategy of avoiding value promotions in a price-sensitive market is risky, potentially leading to negative comparable sales in Q3 and Q4. The company's focus on menu innovations and premium pricing has helped maintain resilience, but hasn't fully offset...
First Watch Names Rob Conti as Chief Information Officer
BRADENTON, Fla., Sept. 03, 2024 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (NASDAQ: FWRG), the leading Daytime Dining concept serving breakfast, brunch and lunch, recently announced the promotion of Rob Conti to Chief Information Officer. Joining First Watch in...
FIRST WATCH STOCKHOLDER ALERT: Kaskela Law LLC Announces Investigation of First Watch Restaurant Group, Inc. (FWRG) and Encourages Investors to Contact the Firm
PHILADELPHIA--(BUSINESS WIRE)--Kaskela Law LLC announces that it is investigating First Watch Restaurant Group, Inc. (NASDAQ: FWRG) (“First Watch”) on behalf of the company's investors. Since May 2024, shares of First Watch's stock have declined from a trading price of over...
First Watch Restaurant Group, Inc. Announces Appointment of Charles Jemley and Michael Fleisher to Board of Directors
Leading Daytime Dining concept strengthens Board with appointment of new independent directors Leading Daytime Dining concept strengthens Board with appointment of new independent directors
Source: https://incomestatements.info
Category: Stock Reports