First Watch Restaurant Group

First Watch Restaurant Group, Inc. owns and operates restaurants. It provides breakfast, brunch and lunch with alcohol and cocktails. The company was founded by John Sullivan in 1983 and is headquartered in Bradenton, FL.

Earnings data Q3 2021

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First Watch Restaurant Group posts robust Q4 performance and outlines growth strategies for 2023

First Watch Restaurant Group reported strong Q4 2022 performance, with notable sales growth and revenue increases. The company's focus on operational enhancements, role specialization, and dining experience optimization positions it well for sustained growth. Challenges such as weather impacts and cost pressures are being addressed with caution and strategic planning.

First Watch Restaurant Group posts strong Q1 results amid growth plans

First Watch Restaurant Group delivered robust Q1 2023 results, showcasing strong sales growth and improved profitability metrics.
While facing challenges like regulatory increases and potential traffic slowdowns, the company remains focused on growth strategies and operational excellence.
Opportunities lie in expansion plans, menu innovation, and customer experience enhancements to drive future performance.
Overall, First Watch's performance reflects resilience and strategic focus amidst industry challenges and opportunities.

First Watch Restaurant Group posts robust Q2 results and eyes growth opportunities

First Watch Restaurant Group (FWRG) reported strong financial performance and operational success in Q2 2023, driven by sales growth and strategic initiatives.
Despite facing challenges related to inflation and delivery traffic headwinds, the company remains focused on growth and enhancing customer experiences.
With a clear focus on in-restaurant dining customers, FWRG aims to capitalize on opportunities for expansion and operational efficiency to drive future growth.
Management's commitment to meeting demand, improving profitability, and sustaining a customer-centric approach positions FWRG for continued success in the market.

First Watch Restaurant Group (FWRG) reports robust Q3 earnings and expansion plans

First Watch Restaurant Group (FWRG) delivered strong financial performance in Q3 2023, outperforming the industry and raising its full-year outlook.
The company's focus on employee engagement, growth through new restaurant openings, and strategic acquisitions positions it well for future success.
While facing challenges such as increased expenses and macroeconomic uncertainties, FWRG remains optimistic about its growth prospects and operational efficiency.

First Watch Restaurant Group excels in 2023, eyes growth opportunities

First Watch Restaurant Group had a remarkable 2023 with strong financial performance and operational achievements.
While facing challenges like flat to negative traffic and site-specific prototype adjustments, the company is well-positioned for growth.
Opportunities lie in expansion into new markets, optimizing pricing strategies, and enhancing off-premise sales and customer relationships.

First Watch Restaurant Group posts strong Q1 results and eyes growth

First Watch's Q1 2024 performance reflects resilience and strategic focus on sustainable growth amidst challenges.
The company's emphasis on tech innovation, operational efficiency, and market expansion positions it for future success.
Balancing short-term challenges with long-term opportunities, First Watch remains committed to driving value and growth.

First Watch Restaurant Group reports robust Q2 performance and growth opportunities

First Watch Restaurant Group (FWRG) delivered strong Q2 results with revenue growth and improved customer metrics.
Despite challenges in the industry, FWRG's strategic focus on technology, customer service, and value proposition positions it for future growth.
Maintaining operational efficiency and navigating industry uncertainties are key priorities for FWRG's continued success.

First Watch Restaurant Group reports robust Q3 performance and growth outlook

First Watch Restaurant Group's Q3 performance reflects strong sales and EBITDA growth, with a focus on customer-centric strategies and operational improvements. While facing challenges in sales growth estimates and cost pressures, the company is optimistic about its growth trajectory and expansion plans.

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BRADENTON, Fla., March 07, 2023 (GLOBE NEWSWIRE) -- 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 December 25, 2022 (“Q4 2022”) and fiscal year ended December 25, 2022 (“2022”) compared to the thirteen weeks ended December 26, 2021 (“Q4 2021”) and fiscal year ended December 26, 2021 (“2021”) and provided an outlook for the fiscal year ending December 31, 2023 (“2023”).

First Watch Restaurant Group, Inc. Reports Strong 2022 Financial Results and Provides 2023 Outlook

First Watch Restaurant (FWRG) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Is a Surprise Coming for First Watch Restaurant (FWRG) This Earnings Season?

BRADENTON, Fla., March 01, 2023 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc., (Nasdaq: FWRG) (“First Watch” or the “Company”), the Daytime Dining concept serving breakfast, brunch and lunch, today announced that it will participate in three March investor conferences.

First Watch Restaurant Group, Inc. to Participate in Three March Investor Conferences

First Watch Restaurant Group, Inc. (FWRG) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

First Watch Restaurant Group, Inc. (FWRG) Reports Next Week: Wall Street Expects Earnings Growth

Conference call and webcast to be held the same day at 8:00 AM ET Conference call and webcast to be held the same day at 8:00 AM ET

First Watch Restaurant Group, Inc. to Report Fourth Quarter and Fiscal Year 2022 Financial Results on March 7, 2023

BRADENTON, Fla., Jan. 09, 2023 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (NASDAQ: FWRG) (“First Watch” or the “Company”), the Daytime Dining concept serving breakfast, brunch and lunch, today reported certain preliminary operational results for the thirteen weeks ended December 25, 2022 (“fourth quarter”) and fiscal year ended December 25, 2022 (“2022”).

First Watch Restaurant Group, Inc. Announces Preliminary Operational Metrics for the Fourth Quarter 2022 and Fiscal Year 2022

BRADENTON, Fla., Jan. 03, 2023 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc., (“First Watch” or the “Company”) (Nasdaq: FWRG), the Daytime Dining concept serving breakfast, brunch and lunch, today announced that Chris Tomasso, Chief Executive Officer and President, and Mel Hope, Chief Financial Officer, will participate in two upcoming conferences:

First Watch Restaurant Group, Inc. to Participate in the 25th Annual ICR Conference and the 12th Annual Jefferies Winter Restaurant, Foodservice, Gaming, Lodging & Leisure Summit

Alongside its full menu of breakfast, brunch and lunch dishes, First Watch makes it easy to start the new year off right with seasonal offerings full of fresh, healthy ingredients and an opportunity to give back to the Amazon rainforest through March 12 Alongside its full menu of breakfast, brunch and lunch dishes, First Watch makes it easy to start the new year off right with seasonal offerings full of fresh, healthy ingredients and an opportunity to give back to the Amazon rainforest through March 12

Feel Good and Do Good With First Watch's New Seasonally Inspired Menu

BRADENTON, Fla., Nov. 22, 2022 (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 Chris Tomasso, Chief Executive Officer and President, and Mel Hope, Chief Financial Officer, will participate in a fireside chat at the Barclays Eat, Sleep, Play Conference on Wednesday, November 30, 2022 at 9:30 a.m. Eastern Time.

First Watch Restaurant Group, Inc. to Participate in Barclays Eat, Sleep, Play Conference

The brunch-style restaurant chain posted solid results this morning, but that's not the whole story.

Why First Watch Stock Fell 21% on Monday Morning

First Watch Restaurant Group, Inc. (NASDAQ:FWRG ) Q3 2022 Earnings Conference Call November 7, 2022 8:00 AM ET Company Participants Raphael Gross - Investor Relations, ICR Chris Tomasso - Chief Executive Officer and President Mel Hope - Chief Financial Officer Conference Call Participants Jared Garber - Goldman Sachs Andy Barish - Jefferies Andrew Charles - Cowen Jeffrey Bernstein - Barclays Brian Vaccaro - Raymond James Nicole Miller - Piper Sandler Chris O'Cull - Stifel Gregory Francfort - Guggenheim Sara Senatore - Bank of America Jon Tower - Citigroup Operator Thank you for standing by and welcome to the First Watch Restaurant Group Inc. Third Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode.

First Watch Restaurant Group, Inc. (FWRG) Q3 2022 Earnings Call Transcript

First Watch Restaurant Group, Inc. (FWRG) delivered earnings and revenue surprises of -100% and 4.18%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

First Watch Restaurant Group, Inc. (FWRG) Reports Break-Even Earnings for Q3

Total revenues of $186.9 million, up 18.7% compared to prior year Same-restaurant sales growth of 12.0% driven by same-restaurant traffic growth of 3.7% Income from operations margin of 1.4% and restaurant level operating profit margin of 17.3% 11 system-wide restaurants opened across 9 states

First Watch Restaurant Group, Inc. Reports Strong Q3 2022 Financial Results and Raises Certain of Its Full Year Guidance

First Watch Restaurant Group, Inc. (FWRG) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

What Makes First Watch Restaurant Group, Inc. (FWRG) a New Buy Stock

Available alongside its full menu of made-to-order breakfast, brunch and lunch dishes, First Watch gives an early, merry welcome to the holiday season with an all-new menu – including a Southwest inspired hash featuring pork green chile – for a limited time Available alongside its full menu of made-to-order breakfast, brunch and lunch dishes, First Watch gives an early, merry welcome to the holiday season with an all-new menu – including a Southwest inspired hash featuring pork green chile – for a limited time

First Watch Celebrates the Holiday Spirit With New Seasonally Inspired Menu

First Watch Restaurant Group, Inc. to Report Third Quarter 2022 Financial Results on November 7, 2022

Daypart meals are becoming increasingly popular, which supports FWRG growth. There is still tons of room available for FWRG to continue growing.

First Watch: Ride On The Secular Tailwind Of Demand For Daypart Meals

First Watch Restaurant Group went public in September 2021, raising approximately $170 million in a U.S. IPO. The firm operates a network of mostly corporate-owned breakfast and lunch 'Daytime Dining' restaurants in the United States.

First Watch Restaurant Group Faces Down Multiple Growth Risks

Leader in Daytime Dining ranked as one of four restaurant companies recognized for team member happiness and satisfaction at work Leader in Daytime Dining ranked as one of four restaurant companies recognized for team member happiness and satisfaction at work

First Watch Named a Top 100 Most Loved Workplace® by Newsweek

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5 Restaurant Stocks to Buy as Holiday Season Approaches

BRADENTON, Fla., Oct. 03, 2022 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (NASDAQ: FWRG) (“First Watch” or the “Company”), the Florida-based leading Daytime Dining concept with more than 445 restaurants nationwide, today provided an update on its Company-owned restaurants in Florida in the aftermath of Hurricane Ian, which made landfall during the first week of the Company's fourth fiscal quarter.

First Watch Restaurant Group, Inc. Provides Update on Restaurants Impacted by Hurricane Ian

First Watch Restaurant Group, Inc. (FWRG) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

First Watch Restaurant Group, Inc. (FWRG) Upgraded to Buy: What Does It Mean for the Stock?

Investors were none too pleased by the price of an upcoming stock issue.

Why First Watch Restaurant Group Tumbled This Week

BRADENTON, Fla., Sept. 14, 2022 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (NASDAQ: FWRG) (“First Watch” or “the Company”), the Daytime Dining concept serving breakfast, brunch and lunch, announced today the pricing of an underwritten secondary public offering by certain stockholders of the Company (the “Selling Stockholders”) of 4,500,000 shares of the Company's common stock, par value $0.01 per share (the “Common Stock”), at a price to the public of $15.50 per share. The offering is expected to close on September 19, 2022, subject to the satisfaction of customary closing conditions. The offering consists entirely of secondary shares to be sold by the Selling Stockholders. The Selling Stockholders will receive all of the proceeds from the offering.

First Watch Restaurant Group, Inc. Announces Pricing of Secondary Public Offering

BRADENTON, Fla., Sept. 12, 2022 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (NASDAQ: FWRG) (“First Watch” or “the Company”), the Daytime Dining concept serving breakfast, brunch and lunch, today announced that certain stockholders of the Company (the “Selling Stockholders”) intend to offer 4,500,000 shares of the Company's common stock, par value $0.01 per share (the “Common Stock”), in an underwritten secondary public offering. The Selling Stockholders intend to grant the underwriters a 30-day option to purchase up to an additional 675,000 shares of Common Stock at the public offering price, less underwriting discounts and commissions. The offering consists entirely of secondary shares to be sold by the Selling Stockholders. The Selling Stockholders will receive all of the proceeds from the offering.

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