First Watch Restaurant Group, Inc. Reports Strong Q1 2024 Financial Results
First Watch Restaurant Group, Inc. (FWRG)
Company Research
Source: GlobeNewswire
Total revenues increased 14.7%; same-restaurant sales growth of 0.5%*Income from operations margin of 5.1% and restaurant level operating profit margin of 20.8%Net income of $7.2 million and Adjusted EBITDA of $28.6 million9 system-wide restaurants opened across 8 states BRADENTON, Fla., May 07, 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 thirteen weeks ended March 31, 2024 (“Q1 2024”). “First Watch posted another solid quarter with positive same restaurant sales*, traffic trends that improved sequentially through the quarter and year-over-year adjusted EBITDA growth,” said Chris Tomasso, First Watch CEO and President. “We continue to focus on delivering exceptional experiences for our customers and our employees validated by customer experience scores that have never been higher and continued impr
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FWRG
News
- Returns Are Gaining Momentum At First Watch Restaurant Group (NASDAQ:FWRG) [Yahoo! Finance]Yahoo! Finance
- First Watch Restaurant Group, Inc. to Participate in Two June Investor ConferencesGlobeNewswire
- First Watch Restaurant Group, Inc. (NASDAQ: FWRG) had its price target lowered by analysts at TD Cowen from $26.00 to $25.00. They now have a "hold" rating on the stock.MarketBeat
- First Watch Restaurant Group, Inc. (NASDAQ: FWRG) had its price target lowered by analysts at Barclays PLC from $29.00 to $27.00. They now have an "overweight" rating on the stock.MarketBeat
- First Watch Restaurant Group, Inc. (NASDAQ:FWRG) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
FWRG
Earnings
- 5/7/24 - Beat
FWRG
Sec Filings
- 5/28/24 - Form 8-K
- 5/24/24 - Form 4
- 5/24/24 - Form 4
- FWRG's page on the SEC website