First Watch Restaurant (FWRG)
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Compared to Estimates, First Watch Restaurant Group (FWRG) Q3 Earnings: A Look at Key Metrics
ZACKS· 2024-11-08 00:00
For the quarter ended September 2024, First Watch Restaurant Group, Inc. (FWRG) reported revenue of $251.61 million, up 14.8% over the same period last year. EPS came in at $0.03, compared to $0.09 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $260.05 million, representing a surprise of -3.25%. The company delivered an EPS surprise of -40.00%, with the consensus EPS estimate being $0.05.While investors scrutinize revenue and earnings changes year-over-year and how ...
First Watch Restaurant Group, Inc. (FWRG) Lags Q3 Earnings and Revenue Estimates
ZACKS· 2024-11-07 22:45
First Watch Restaurant Group, Inc. (FWRG) came out with quarterly earnings of $0.03 per share, missing the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.09 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -40%. A quarter ago, it was expected that this company would post earnings of $0.12 per share when it actually produced earnings of $0.14, delivering a surprise of 16.67%.Over the last four quart ...
First Watch Restaurant (FWRG) - 2024 Q3 - Quarterly Report
2024-11-07 20:05
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 29, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to _____ Commission file number 001-40866 First Watch Restaurant Group, Inc. (Exact name of registrant as specified in its charter) Delaware 82-427 ...
First Watch Restaurant (FWRG) - 2024 Q3 - Quarterly Results
2024-11-07 20:03
营收相关 - 2024年第三季度总营收增长14.8%达2.516亿美元[3] - 2024年9月29日总营收为251609千美元2023年9月24日为219212千美元[20] - 预计2024财年总营收增长16.5% - 17.0%[5] 调整后息税折旧摊销前利润相关 - 2024年第三季度调整后息税折旧摊销前利润增长18%达2560万美元[1][3] - 2024年9月29日调整后息税折旧摊销前利润为25624千美元2023年9月24日为21629千美元[20] - 预计2024财年调整后息税折旧摊销前利润1.1亿 - 1.12亿美元[5] 同店销售与客流量相关 - 2024年第三季度同店销售额负增长1.9%同店客流量负增长4.4%[3] - 预计2024财年同店销售额负增长约1.0%同店客流量负增长4.0% - 4.5%[5] 运营利润率相关 - 2024年第三季度运营利润率从2023年第三季度的3.6%降至2.5%[3] - 2024年9月29日净收入利润率为0.8%2023年9月24日为2.5%[20] - 2024年9月29日调整后息税折旧摊销前利润率为10.2%2023年9月24日为9.9%[20] 餐厅运营利润率相关 - 2024年第三季度餐厅运营利润率从2023年第三季度的18.7%升至18.9%[3] - 2024年9月29日餐厅层面营业利润率为18.9%2023年9月24日为18.7%[23] 净收入相关 - 2024年第三季度净收入降至210万美元即摊薄后每股0.03美元[3] - 2024年9月29日净收入为2112千美元2023年9月24日为5418千美元[20] - 2024年9月29日净收入为2112千美元2023年9月24日为5418千美元[25] 餐厅新开情况相关 - 2024年在8个州新开9家全系统餐厅共547家全系统餐厅[3] 经营成本和费用相关 - 2024年9月29日经营成本和费用为245296千美元2023年9月24日为211474千美元[25] 餐厅销售额相关 - 2024年9月29日餐厅销售额为248965千美元2023年9月24日为215495千美元[23] 餐厅层面营业利润相关 - 2024年9月29日餐厅层面营业利润为46991千美元2023年9月24日为40365千美元[23]
First Watch Restaurant Group, Inc. Reports Q3 2024 Financial Results
GlobeNewswire News Room· 2024-11-07 20:00
Total revenues increased 14.8%Net income of $2.1 million and Adjusted EBITDA growth of 18% to $25.6 million9 new system-wide restaurants opened in 8 states BRADENTON, Fla., Nov. 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 September 29, 2024 (“Q3 2024”). “We are pleased with our performance in Q3 as it reflec ...
First Watch Restaurant Group, Inc. to Report Third Quarter 2024 Financial Results on November 7, 2024
GlobeNewswire News Room· 2024-10-24 20:00
BRADENTON, Fla., Oct. 24, 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 announced that it plans to release its third quarter 2024 financial results on Thursday, November 7, 2024, before the market opens. A conference call and webcast will follow at 8:00 AM ET, hosted by Chris Tomasso, Chief Executive Officer and President, and Mel Hope, Chief Financial Officer. Interes ...
First Watch Restaurant Group, Inc. Provides Status of Company Restaurants Affected by Hurricane Milton
GlobeNewswire News Room· 2024-10-14 20:30
BRADENTON, Fla., Oct. 14, 2024 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (NASDAQ: FWRG) ("First Watch" or the "Company") provides the following information regarding Hurricane Milton. From October 8, 2024 through October 13, 2024, 85 Company-owned restaurants in Hurricane Milton's path were closed at least one business day for employee safety, storm preparation, utility outage, damage assessment and re-stocking. By Monday, October 14th, 77 of those restaurants had been reopened. Management is a ...
Is the Options Market Predicting a Spike in First Watch (FWRG) Stock?
ZACKS· 2024-10-07 21:55
Investors in First Watch Restaurant Group, Inc. (FWRG) need to pay close attention to the stock based on moves in the options market lately. That is because the Nov 15, 2024 $30 Call had some of the highest implied volatility of all equity options today. What is Implied Volatility? Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the oth ...
First Watch Restaurant Group Inc (FWRG) Shares Down 4.33% on Oct 2
Gurufocus· 2024-10-03 00:10
Shares of First Watch Restaurant Group Inc (FWRG, Financial) fell 4.33% in mid-day trading on Oct 2. The stock reached an intraday low of $14.31, before recovering slightly to $14.37, down from its previous close of $15.02. This places FWRG 44.69% below its 52-week high of $25.98 and 2.28% above its 52-week low of $14.05. Trading volume was 105,360 shares, 18.4% of the average daily volume of 571,325. Wall Street Analysts Forecast Based on the one-year price targets offered by 10 analysts, the average targe ...
First Watch Named Newsweek's #1 Most Loved Workplace® in America
GlobeNewswire News Room· 2024-10-02 23:00
BRADENTON, Fla., Oct. 02, 2024 (GLOBE NEWSWIRE) -- First Watch, the leading Daytime Dining restaurant serving breakfast, brunch and lunch, has been named the #1 Most Loved Workplace® in America by Newsweek and the Best Practice Institute. This is the third consecutive year First Watch has been recognized on the list—a demonstration of the company's focus on championing its "You First" culture for its more than 14,000 employees. "To be named the 'Most Loved Workplace' in America is an incredible honor, becau ...