FWRG News and Press, First Watch Restaurant Group Inc. From 05/10/22

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First Watch Restaurant press release (NASDAQ:FWRG): Q1 GAAP EPS of $0.08 beats by $0.03. Revenue of $173.1M (+36.1% Y/Y) beats by $4.37M. Adjusted EBITDA increased to $19.4 million in Q1 2022 from $13.0 million in Q1 2021 The Company reiterated its fiscal year 2022 guidance and provided an ou...

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 BRADENTON, Fla., May 10, 2022 (GLOBE NEWSWIRE) -- Firs...

BRADENTON, Fla., April 26, 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 it plans to release its first quarter 2022...

Citi took a broad look at the restaurant sector on Tuesday and initiated coverage on a large number of stocks. Analyst Jon Tower said a once euphoric reopening feeding frenzy on restaurant stocks is now a purge amid the concerns over supply chain disruptions, labor shortages and the impact of...

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. The restaurant level operating profit margin reached to 19.5% in 2021, which is higher than 17.4% in the pre-covid 2019 perio...

Chief People Officer Laura Sorensen accepted the prestigious award at ADP’s Meeting of the Minds conference in Anaheim, CA First Watch , the leading Daytime Dining concept with more than 435 restaurants nationwide, was recognized for its workplace culture by ADP, ...

First Watch Restaurant Group, Inc. (FWRG) Q4 2021 Earnings Conference Call March 23, 2022 8:00 A.M. ET Company Participants Raphael Gross - ICR Chris Tomasso - Chief Executive Officer and President Mel Hope - Chief Financial Officer Conference Call Participants Andy Barish - Jefferies Jeffrey...

First Watch Restaurant press release (NASDAQ:FWRG): Q4 GAAP EPS of -$0.08 beats by $0.01. Revenue of $162.6M (+48.6% Y/Y) beats by $1.55M. Outlook Fiscal Year 2022 The Company provides the following outlook for 2022: Same-restaurant sales growth in the high-single digits with continued p...

Total revenues of $601.2 million and system-wide sales of $750.7 million 31 system-wide restaurants opened in 12 states Q4 2021 same-restaurant sales growth of 36.7% vs. Q4 2020 and 20.6% vs. Q4 2019 Q4 2021 same-restaurant traffic growth of 31.9%...