First Watch Restaurant Group

First Watch Restaurant Group, Inc. owns and operates restaurants. It provides breakfast, brunch and lunch with alcohol and cocktails. The company was founded by John Sullivan in 1983 and is headquartered in Bradenton, FL.

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First Watch Restaurant Group posts robust Q4 performance and outlines growth strategies for 2023

First Watch Restaurant Group reported strong Q4 2022 performance, with notable sales growth and revenue increases. The company's focus on operational enhancements, role specialization, and dining experience optimization positions it well for sustained growth. Challenges such as weather impacts and cost pressures are being addressed with caution and strategic planning.

First Watch Restaurant Group posts strong Q1 results amid growth plans

First Watch Restaurant Group delivered robust Q1 2023 results, showcasing strong sales growth and improved profitability metrics.
While facing challenges like regulatory increases and potential traffic slowdowns, the company remains focused on growth strategies and operational excellence.
Opportunities lie in expansion plans, menu innovation, and customer experience enhancements to drive future performance.
Overall, First Watch's performance reflects resilience and strategic focus amidst industry challenges and opportunities.

First Watch Restaurant Group posts robust Q2 results and eyes growth opportunities

First Watch Restaurant Group (FWRG) reported strong financial performance and operational success in Q2 2023, driven by sales growth and strategic initiatives.
Despite facing challenges related to inflation and delivery traffic headwinds, the company remains focused on growth and enhancing customer experiences.
With a clear focus on in-restaurant dining customers, FWRG aims to capitalize on opportunities for expansion and operational efficiency to drive future growth.
Management's commitment to meeting demand, improving profitability, and sustaining a customer-centric approach positions FWRG for continued success in the market.

First Watch Restaurant Group (FWRG) reports robust Q3 earnings and expansion plans

First Watch Restaurant Group (FWRG) delivered strong financial performance in Q3 2023, outperforming the industry and raising its full-year outlook.
The company's focus on employee engagement, growth through new restaurant openings, and strategic acquisitions positions it well for future success.
While facing challenges such as increased expenses and macroeconomic uncertainties, FWRG remains optimistic about its growth prospects and operational efficiency.

First Watch Restaurant Group excels in 2023, eyes growth opportunities

First Watch Restaurant Group had a remarkable 2023 with strong financial performance and operational achievements.
While facing challenges like flat to negative traffic and site-specific prototype adjustments, the company is well-positioned for growth.
Opportunities lie in expansion into new markets, optimizing pricing strategies, and enhancing off-premise sales and customer relationships.

First Watch Restaurant Group posts strong Q1 results and eyes growth

First Watch's Q1 2024 performance reflects resilience and strategic focus on sustainable growth amidst challenges.
The company's emphasis on tech innovation, operational efficiency, and market expansion positions it for future success.
Balancing short-term challenges with long-term opportunities, First Watch remains committed to driving value and growth.

First Watch Restaurant Group reports robust Q2 performance and growth opportunities

First Watch Restaurant Group (FWRG) delivered strong Q2 results with revenue growth and improved customer metrics.
Despite challenges in the industry, FWRG's strategic focus on technology, customer service, and value proposition positions it for future growth.
Maintaining operational efficiency and navigating industry uncertainties are key priorities for FWRG's continued success.

First Watch Restaurant Group reports robust Q3 performance and growth outlook

First Watch Restaurant Group's Q3 performance reflects strong sales and EBITDA growth, with a focus on customer-centric strategies and operational improvements. While facing challenges in sales growth estimates and cost pressures, the company is optimistic about its growth trajectory and expansion plans.

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Growth stock FWRG is in a buy zone after a strong second quarter. Analysts estimate 300% earnings growth for the current quarter.

Restaurant Stock Rises On 300% Growth Outlook After Strong Quarter

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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 Financial Officer Conference Call Participants Jon Tower - Citigroup Andrew Barish - Jefferies Christopher O'Cull - Stifel Gregory Francfort - Guggenheim Securities Katherine Griffin - Bank of America Andrew Charles - TD Cowen Operator Thank you for standing by, and welcome to the First Watch Restaurant Group, Inc. Second Quarter 2023 Earnings Conference Call. At this time all participants are in a listen-only mode.

First Watch Restaurant Group, Inc. (FWRG) Q2 2023 Earnings Call Transcript

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 to Wall Street estimates and year-ago values.

Compared to Estimates, First Watch Restaurant Group, Inc. (FWRG) Q2 Earnings: A Look at Key Metrics

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. (FWRG) Beats Q2 Earnings and Revenue Estimates

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 EBITDA guidance

First Watch Restaurant Group, Inc. Reports Strong Q2 2023 Financial Results

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) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

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 Group, Inc. (FWRG) Is Up 9.61% in One Week: What You Should Know

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, and the high percentage of at-home dining for breakfast put it in a good position to achieve its long-term growth targets. I assign a Buy rating to FWRG stock, as I don't think that its current valuations have fully priced in its long growth runway.

First Watch Restaurant: Long Growth Runway

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

First Watch Announces Appointment of Irene Chang Britt to Board of Directors

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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 2023 financial results on Tuesday, August 1, 2023, before the market opens.

First Watch Restaurant Group, Inc. to Report Second Quarter 2023 Financial Results on August 1, 2023

First Watch's (FWRG) focus on franchise acquisition strategies bodes well. The company has completed five franchise-owned restaurant acquisitions in Milwaukee, WI.

First Watch (FWRG) Acquires Franchise Restaurants in Milwaukee

BRADENTON, Fla., June 27, 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 Monday, June 26, all five of its previously franchise-owned restaurants and corresponding development rights in Milwaukee, Wisconsin.

First Watch Announces Acquisition of Five Franchise Restaurants in the Milwaukee Area

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Are You Looking for a Top Momentum Pick? Why First Watch Restaurant Group, Inc. (FWRG) is a Great Choice

First Watch Restaurant Group, Inc. (NASDAQ:FWRG ) Q1 2023 Earnings Conference Call May 2, 2023 8:00 AM ET Company Participants Steve Marotta - Vice President of Investor Relations Chris Tomasso - Chief Executive Officer & President Mel Hope - Chief Financial Officer Conference Call Participants Jeffrey Bernstein - Barclays Sara Senatore - Bank of America Brian Vaccaro - Raymond James Jon Tower - Citigroup Andrew Barish - Jefferies Chris O'Cull - Stifel Gregory Francfort - Guggenheim Securities Operator Hello, and welcome to the First Watch Restaurant Group First Quarter 2023 Conference. All participants will be in listen-only mode.

First Watch Restaurant Group, Inc. (FWRG) Q1 2023 Earnings Call Transcript

First Watch Restaurant Group, Inc. (FWRG) came out with quarterly earnings of $0.15 per share, beating the Zacks Consensus Estimate of $0.09 per share. This compares to earnings of $0.08 per share a year ago.

First Watch Restaurant Group, Inc. (FWRG) Q1 Earnings and Revenues Beat Estimates

Same-restaurant sales growth of 12.9% driven by same-restaurant traffic growth of 5.1% Income from operations margin of 7.4% and restaurant level operating profit margin of 21.2% Net income of $9.4 million and Adjusted EBITDA of $27.4 million 10 system-wide restaurants opened across 7 statesRaises 2023 Adjusted EBITDA guidance

First Watch Restaurant Group, Inc. Reports Strong Q1 2023 Financial Results

BRADENTON, Fla., May 01, 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, announced that it has acquired, effective today, six of its previously franchise-owned restaurants in Omaha, Nebraska.

First Watch Announces Acquisition of Six Franchise Restaurants

BRADENTON, Fla., April 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 first quarter 2023 financial results on Tuesday, May 2, 2023, before the market opens.

First Watch Restaurant Group, Inc. to Report First Quarter 2023 Financial Results on May 2, 2023

Changes in morning routines and employees returning to the office offer First Watch Restaurant Group potential growth opportunities. The company has ambitious plans for future expansion, despite mass competition.

First Watch Restaurant Group: A Quickly Growing Breakfast Concept With A Share Price That's Already Full

FWRG reported its Q4 earnings, capping off a record year of profitable growth. An ongoing national expansion alongside same-restaurant sales growth highlights the positive outlook.

First Watch Restaurant Group: Growth Story Just Getting Started

First Watch Restaurant Group, Inc. (FWRG) delivered earnings and revenue surprises of -150% and 0.47%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

First Watch Restaurant Group, Inc. (FWRG) Reports Q4 Loss, Lags Revenue Estimates

BRADENTON, Fla., March 07, 2023 (GLOBE NEWSWIRE) -- Watch Restaurant Group, Inc. (NASDAQ: FWRG) (“First Watch” or the “Company”), the leading Daytime Dining concept serving breakfast, brunch and lunch, today reported financial results for the thirteen weeks ended December 25, 2022 (“Q4 2022”) and fiscal year ended December 25, 2022 (“2022”) compared to the thirteen weeks ended December 26, 2021 (“Q4 2021”) and fiscal year ended December 26, 2021 (“2021”) and provided an outlook for the fiscal year ending December 31, 2023 (“2023”).

News for First Watch Restaurant Group Stock (FWRG)