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Stock impact report

First Watch Restaurant Group, Inc. Reports Strong 2023 Financial Results and Provides 2024 Outlook [Yahoo! Finance]

First Watch Restaurant Group, Inc. (FWRG) 
Company Research Source: Yahoo! Finance
Income from operations margin of and Restaurant level operating profit margin of Net income of $25.4 million and Adjusted EBITDA of $99.5 million system-wide restaurants opened across 19 states BRADENTON, Fla., March 05, 2024 (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 reported financial results for the fourteen weeks ended December 31, 2023 (“Q4 2023”) and the 53-week fiscal year ended December 31, 2023 (“2023”) compared to the thirteen weeks ended December 25, 2022 (“Q4 2022”) and the 52-week fiscal year ended December 25, 2022 (“2022”) and provided an outlook for the 52-week fiscal year ending December 29, 2024 (“2024”). “First Watch achieved a number of significant milestones in 2023 including essentially doubling system-wide sales to more than $1 billion since 2019 and posting nearly $100 million in Adjusted EBITDA. We also eclipsed Show less Read more
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