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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 Named to Newsweek's Top 100 Most Loved Workplaces® for Second Consecutive Year
Leader in Daytime Dining makes the coveted list as the only restaurant company recognized for best-in-business team member sentiment and satisfaction Leader in Daytime Dining makes the coveted list as the only restaurant company recognized for best-in-business team member sentiment...
FWRG vs. PTLO: Which Stock Is the Better Value Option?
Investors with an interest in Retail - Restaurants stocks have likely encountered both First Watch Restaurant Group, Inc. (FWRG) and Portillo's Inc. (PTLO). But which of these two stocks offers value investors a better bang for their buck right now?
5 Stocks to Make the Most of the Pick Up in Retail Sales
Invest in American Eagle Outfitters (AEO), Abercrombie & Fitch (ANF), Urban Outfitters (URBN), Carrols Restaurant Group (TAST) and First Watch Restaurant Group (FWRG), which are poised to gain even more on an uptick in retail sales.
First Watch Names Matt Eisenacher Chief Brand Officer
Promotion comes as First Watch continues its growth towards a potential for more than 2,200 restaurants in the U.S. Promotion comes as First Watch continues its growth towards a potential for more than 2,200 restaurants in the U.S.
FWRG vs. PTLO: Which Stock Should Value Investors Buy Now?
Investors looking for stocks in the Retail - Restaurants sector might want to consider either First Watch Restaurant Group, Inc. (FWRG) or Portillo's Inc. (PTLO). But which of these two stocks offers value investors a better bang for their buck...
FWRG or PTLO: Which Is the Better Value Stock Right Now?
Investors looking for stocks in the Retail - Restaurants sector might want to consider either First Watch Restaurant Group, Inc. (FWRG) or Portillo's Inc. (PTLO). But which of these two companies is the best option for those looking for undervalued...
First Watch (FWRG) Acquires Six Franchise Owned Restaurants
First Watch's (FWRG) emphasis on franchise business bodes well. The company acquires six franchise-owned restaurants in Georgia and South Carolina.
First Watch Announces Acquisition of Six Franchise Restaurants in Georgia and South Carolina
BRADENTON, Fla., Aug. 09, 2023 (GLOBE NEWSWIRE) -- First Watch Restaurant Group , Inc. (NASDAQ: FWRG) (“First Watch” or the “Company”), the leading Daytime Dining concept, announced that it has acquired, effective today, six of its previously franchise-owned restaurants, one...
3 Top Breakout Stocks to Invest in for Excellent Returns
First Watch Restaurant Group (FWRG), VersaBank (VBNK), and Amicus Therapeutics (FOLD) have been selected as the breakout stocks for today.
First Watch Restaurant Group, Inc. (FWRG) Q2 2023 Earnings Call Transcript
First Watch Restaurant Group, Inc. (NASDAQ:FWRG ) Q2 2023 Earnings Call Transcript August 1, 2023 8:00 AM ET Company Participants Steve Marotta - Vice President of Investor Relations Christopher Tomasso - Chief Executive Officer & President Mel Hope - Chief...
Source: https://incomestatements.info
Category: Stock Reports