See more : Rashi Peripherals Limited (RPTECH.NS) Income Statement Analysis – Financial Results
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 |
Compared to Estimates, First Watch Restaurant Group, Inc. (FWRG) Q2 Earnings: A Look at Key Metrics
While the top- and bottom-line numbers for First Watch Restaurant Group, Inc. (FWRG) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare...
First Watch Restaurant Group, Inc. (FWRG) Beats Q2 Earnings and Revenue Estimates
First Watch Restaurant Group, Inc. (FWRG) came out with quarterly earnings of $0.13 per share, beating the Zacks Consensus Estimate of $0.08 per share. This compares to earnings of $0.05 per share a year ago.
First Watch Restaurant Group, Inc. Reports Strong Q2 2023 Financial Results
Same-restaurant sales growth of 7.8% Income from operations margin of 5.3% and Restaurant level operating profit margin of 20.9% Net income of $8.0 million and Adjusted EBITDA of $25.8 million 9 system-wide restaurants opened across 6 states Raising 2023 Adjusted...
First Watch Restaurant Group, Inc. (FWRG) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
First Watch Restaurant Group, Inc. (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.
First Watch Restaurant Group, Inc. (FWRG) Is Up 9.61% in One Week: What You Should Know
Does First Watch Restaurant Group, Inc. (FWRG) have what it takes to be a top stock pick for momentum investors? Let's find out.
First Watch Restaurant: Long Growth Runway
First Watch Restaurant has a long growth runway, considering that it has the potential to increase its number of restaurants from 484 as of end-March to over 2,200 in the future. First Watch's favorable store economics, its talent recruitment edge,...
First Watch Announces Appointment of Irene Chang Britt to Board of Directors
Leading Daytime Dining concept strengthens Board amid continued execution of accelerated growth strategy Leading Daytime Dining concept strengthens Board amid continued execution of accelerated growth strategy
4 Best Breakout Stocks Worth a Buy for Superb Returns
First Watch Restaurant (FWRG), Universal Stainless & Alloy Products (USAP), Crescent Capital (CCAP) and Ecovyst (ECVT) have been selected as the breakout stocks for today.
First Watch Restaurant Group, Inc. to Report Second Quarter 2023 Financial Results on August 1, 2023
BRADENTON, Fla., July 18, 2023 (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 second quarter...
First Watch (FWRG) Acquires Franchise Restaurants in Milwaukee
First Watch's (FWRG) focus on franchise acquisition strategies bodes well. The company has completed five franchise-owned restaurant acquisitions in Milwaukee, WI.
Source: https://incomestatements.info
Category: Stock Reports