First Watch Restaurant Group Inc (FWRG) Reports Robust Revenue Growth and Net Income Surge in 2023 [Yahoo! Finance]
First Watch Restaurant Group, Inc. (FWRG)
Company Research
Source: Yahoo! Finance
Net Income : Rose significantly to $25.4 million from $6.9 million in 2022. Adjusted EBITDA : Improved to $99.5 million, up from $69.3 million. Same-Restaurant Sales Growth : Achieved a 7.6% increase. New Restaurant Openings : 51 system-wide restaurants opened across 19 states. Income from Operations Margin : Increased to 4.7% from 2.4% in 2022. Warning! GuruFocus has detected 8 Warning Signs with MCRB. On March 5, 2024, First Watch Restaurant Group Inc ( NASDAQ:FWRG ) released its 8-K filing , detailing a year of substantial financial growth and operational achievements. The company, known for its made-to-order breakfast, brunch, and lunch offerings, has seen a significant uptick in its financial metrics, reflecting a successful expansion strategy and robust consumer demand. First Watch's total revenues for the fiscal year 2023 soared by 22.1% to $891.6 million, while system-wide sales reached $1.1 billion, marking a 20.6% increase. This growth is attributed to a 7.6%
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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 Restaurant (FWRG) Boosts Presence 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