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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Earnings data Q1 2022

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Earnings data Q3 2024

Earnings data Q4 2024

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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We have narrowed our search to five restaurant stocks that have strong growth potential for the rest of 2022. These are: PBPB, ARCO, CBRL, RUTH and FWRG.

Buy These 5 Restaurant Stocks to Enhance Your Portfolio

BRADENTON, Fla., Sept. 07, 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 Christopher A. Tomasso, CEO and President, and Mel Hope, Chief Financial Officer, will participate in a fireside chat at the Goldman Sachs 29th Annual Global Retailing Conference on Thursday, September 8, 2022 at 2:30 p.m. Eastern Time.

First Watch Restaurant Group, Inc. to Participate in the Goldman Sachs 29th Annual Global Retailing Conference

Customer traffic continues to expand, driving strong momentum in sales. Best positioned to grow market share during a possible recession.

First Watch Restaurant Group: Rapid Growth On Cards As Sales Momentum Persists

The consensus price target hints at a 29.5% upside potential for First Watch Restaurant Group, Inc. (FWRG). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Wall Street Analysts Believe First Watch Restaurant Group, Inc. (FWRG) Could Rally 30%: Here's is How to Trade

First Watch Restaurant Group, Inc. (FWRG) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Will First Watch Restaurant Group, Inc. (FWRG) Gain on Rising Earnings Estimates?

The restaurant industry is facing inflationary pressures but sales are still rising, helping stocks like Arcos Dorados Holdings (ARCO), First Watch Restaurant Group (FWRG), Ruth's Hospitality Group (RUTH) and Potbelly Corporation (PBPB).

4 Restaurant Stocks to Buy Amid Ongoing Challenges

Available alongside its full menu of made-to-order breakfast, brunch and lunch dishes, First Watch introduces its signature flair to a classic French dish and brings back the season's most iconic flavors for a limited time Available alongside its full menu of made-to-order breakfast, brunch and lunch dishes, First Watch introduces its signature flair to a classic French dish and brings back the season's most iconic flavors for a limited time

First Watch Welcomes Fall With New Seasonally Inspired Menu Items

After leading the brand in various capacities since 1984, Pendery's planned retirement comes nearly one year after the Florida-based company's successful IPO After leading the brand in various capacities since 1984, Pendery's planned retirement comes nearly one year after the Florida-based company's successful IPO

First Watch Announces Retirement of Chairman Emeritus Ken Pendery, Jr.

First Watch Restaurant Group, Inc. (NASDAQ:FWRG ) Q2 2022 Earnings Conference Call August 9, 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 Chris O'Cull - Stifel Jared Garber - Goldman Sachs Jeffrey Bernstein - Barclays Nicole Miller - Piper Sandler Andy Barish - Jefferies Gregory Francfort - Guggenheim Brian Vaccaro - Raymond James Andrew Charles - Cowen Operator Thank you for standing by and welcome to the First Watch Restaurant Group Incorporated Second Quarter 2022 earnings conference call. At this time, all participants are in a listen-only mode.

First Watch Restaurant Group, Inc.'s (FWRG) CEO Chris Tomasso on Q2 2022 Results - Earnings Call Transcript

Same-restaurant sales growth of 13.4% driven by same-restaurant traffic growth of 8.1% Income from operations margin of 2.8% and restaurant level operating profit margin of 18.2% 9 system-wide restaurants opened across 7 states

First Watch Restaurant Group, Inc. Reports Strong Q2 2022 Financial Results and Raises Full Year Guidance

Florida-based Daytime Dining concept makes a key investment in environmental sustainability with WinCup's phade® compostable, eco-friendly drinking straw Florida-based Daytime Dining concept makes a key investment in environmental sustainability with WinCup's phade® compostable, eco-friendly drinking straw

First Watch Reduces Plastic Footprint by 30 Million Straws

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 Second Quarter 2022 Financial Results on August 9, 2022

Company operates cafes focused on breakfast, brunch, and lunch. The plan is to expand the footprint to 2,200 restaurants from the current 441.

First Watch Restaurant Group: Undervalued Rare Asset With Significant Growth Potential

Bumble Inc. Executive to Provide Strategic Guidance as Daytime Dining Concept Continues to Scale Bumble Inc. Executive to Provide Strategic Guidance as Daytime Dining Concept Continues to Scale

First Watch Names Bumble Inc. Chief People Officer Stephanie Lilak to its Board of Directors

Available for a limited time alongside its full menu of breakfast, brunch and lunch dishes, First Watch brings zesty spice – and a little sweetness – to the table with new seasonal menu selections featuring premium proteins from Mexico Available for a limited time alongside its full menu of breakfast, brunch and lunch dishes, First Watch brings zesty spice – and a little sweetness – to the table with new seasonal menu selections featuring premium proteins from Mexico

Turn Up the Heat This Summer With First Watch's New Seasonal Menu Offerings

BRADENTON, Fla., May 23, 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 its management will participate in the following investor conferences:

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

First Watch Restaurant Group, Inc. (NASDAQ:FWRG ) Q1 2022 Results Earnings Conference Call May 10, 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 Chris O'Cull - Stifel, Nicolaus & Company Jeffrey Bernstein - Barclays Capital Inc. Nicole Miller Regan - Piper Sandler & Co. Jon Tower - Citigroup Andy Barish - Jefferies Andrew Charles - Cowen and Company, LLC Gregory Francfort - Guggenheim Securities, LLC Sara Senatore - Bank of America Securities Jared Garber - Goldman Sachs & Co. LLC Operator Thank you for standing by and welcome to the First Watch Restaurant Group Incorporated First Quarter 2022 earnings conference call. At this time, all participants are in a listen-only mode.

First Watch Restaurant Group, Inc. (FWRG) CEO Chris Tomasso on Q1 2022 Results - Earnings Call Transcript

Same-restaurant sales growth of 27.2% driven by same-restaurant traffic growth of 21.9%Income from operations margin of 4.5% and restaurant level operating profit margin of 19.6%7 system-wide restaurants opened across 5 states

First Watch Restaurant Group, Inc. Reports Strong Q1 2022 Financial Results

In Q4 2021, First Watch's revenue increased by 48.6% to $162.6 million, and its net loss reduced to -$4.7 million, compared to -$7.1 million in Q4 2020.

First Watch Restaurant Group: Waiting For Profitability

First Watch Restaurant Group, Inc.'s (FWRG) CEO Chris Tomasso on Q4 2021 Results - Earnings Call Transcript

BRADENTON, Fla., March 23, 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 reported financial results for the thirteen weeks ended December 26, 2021 (“Q4 2021”) and fiscal year ended December 26, 2021 (“2021”) compared to thirteen weeks ended December 27, 2020 (“Q4 2020”) and fiscal year ended December 27, 2020 (“2020”) and provided an outlook for the fiscal year ending December 25, 2022 (“2022”).

First Watch Restaurant Group, Inc. Reports Strong 2021 Financial Results and Provides 2022 Outlook

First Watch Restaurant Group, Inc. to Report Fourth Quarter and Fiscal Year 2021 Financial Results on March 23, 2022

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

Why Earnings Season Could Be Great for First Watch Restaurant (FWRG)

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News for First Watch Restaurant Group Stock (FWRG)