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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. (FWRG) Q1 2024 Earnings Call Transcript
First Watch Restaurant Group, Inc. (NASDAQ:FWRG ) Q1 2024 Earnings Conference Call May 7, 2024 8:00 AM ET Company Participants Steve Marotta - VP of IR Christopher Tomasso - CEO and President Mel Hope - CFO Matt Eisenacher - Chief...
First Watch Restaurant Group (FWRG) Reports Q1 Earnings: What Key Metrics Have to Say
The headline numbers for First Watch Restaurant Group (FWRG) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the...
First Watch Restaurant Group, Inc. (FWRG) Surpasses Q1 Earnings Estimates
First Watch Restaurant Group, Inc. (FWRG) came out with quarterly earnings of $0.12 per share, beating the Zacks Consensus Estimate of $0.10 per share. This compares to earnings of $0.15 per share a year ago.
First Watch Restaurant Group, Inc. Reports Strong Q1 2024 Financial Results
Total revenues increased 14.7% ; same-restaurant sales growth of 0.5% * Income from operations margin of 5.1% and restaurant level operating profit margin of 20.8% Net income of $7.2 million and Adjusted EBITDA of $28.6 million 9 system-wide restaurants opened...
First Watch Restaurant Group, Inc. (FWRG) Expected to Beat Earnings Estimates: Should You Buy?
First Watch Restaurant Group (FWRG) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
IPO Stock Of The Week: Restaurant Leader First Watch Eyes Buy Trigger
Restaurant leader First Watch is nearing a buy point in today's stock market, looking to retake a key chart level.
First Watch Restaurant Group, Inc. to Report First Quarter 2024 Financial Results on May 7, 2024
BRADENTON, Fla., April 23, 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 first quarter...
First Watch Restaurant (FWRG) Boosts Presence in North Carolina
First Watch Restaurant (FWRG) strengthens its foothold in North Carolina, acquiring 21 franchise restaurants in a strategic move for growth.
First Watch Acquires 21 Franchise Restaurants in North Carolina
BRADENTON, Fla., April 15, 2024 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (NASDAQ: FWRG) (together with its subsidiaries “First Watch” or the “Company”), the leading Daytime Dining concept serving breakfast, brunch and lunch, today announced the completion of its...
First Watch Restaurant Group, Inc. Announces Secondary Offering of Common Stock
BRADENTON, Fla., March 07, 2024 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (“FWRG” or the “Company”) (NASDAQ: FWRG), a leading Daytime Dining concept serving breakfast, brunch and lunch, today announced the launch of an underwritten secondary offering (the “Offering”)...
Source: https://incomestatements.info
Category: Stock Reports