First Watch Restaurant (FWRG) Boosts Presence in North Carolina [Yahoo! Finance]
First Watch Restaurant Group, Inc. (FWRG)
Company Research
Source: Yahoo! Finance
This marks FWRG's largest franchise acquisition to date, reinforcing its commitment to expansion and value creation. The acquisition aligns with the company's long-term strategy, bringing in establishments expected to match the performance of its company-owned counterparts. Chris Tomasso, CEO and president of First Watch Restaurant, emphasizes the strategic importance of this move. It bolsters the company's presence in a key market and provides substantial growth potential through associated development rights. With this acquisition, management anticipates organic growth for years to come, capitalizing on white space opportunities within the region. This transaction adds to First Watch Restaurant's portfolio and strengthens its organizational structure. Welcoming more than 600 new employees into its corporate-owned system, FWRG emphasizes its commitment to "You First" culture, ensuring a seamless transition and integration process. This acquisition is part of a broader trend for
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FWRG
News
- Analysts Estimate Dine Brands (DIN) to Report a Decline in Earnings: What to Look Out for [Yahoo! Finance]Yahoo! Finance
- First Watch Restaurant Group, Inc. (FWRG) Expected to Beat Earnings Estimates: Should You Buy? [Yahoo! Finance]Yahoo! Finance
- Do First Watch Restaurant Group's (NASDAQ:FWRG) Earnings Warrant Your Attention? [Yahoo! Finance]Yahoo! Finance
- First Watch Restaurant Group, Inc. to Report First Quarter 2024 Financial Results on May 7, 2024GlobeNewswire
- First Watch Acquires 21 Franchise Restaurants in North Carolina [Yahoo! Finance]Yahoo! Finance
FWRG
Earnings
- 3/5/24 - In-Line
FWRG
Sec Filings
- 4/23/24 - Form 4
- 4/22/24 - Form 144
- 4/15/24 - Form 8-K
- FWRG's page on the SEC website