First Watch delivered strong Q2 results, with traffic and same-store sales growth outpacing competitors, but missed EPS due to margin pressure. The chain's growth pipeline is robust, with aggressive new openings and franchise acquisitions. Management raised full-year guidance for revenue and EBITDA, but margin compression and increased operating risk from more company-owned stores remain concerns.
BRADENTON, Fla., Aug. 06, 2025 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (“FWRG” or the “Company”) (NASDAQ: FWRG), the leading Daytime Dining concept serving breakfast, brunch and lunch, today announced the launch of an underwritten secondary offering (the “Offering”) by certain funds managed by Advent International, L.P. (the “Selling Stockholders”) of 5,000,000 shares of the Comp...
First Watch Restaurant Group (FWRG 3.54%), a daytime dining chain known for its breakfast, brunch, and lunch offerings, released its financial results on August 5, 2025, for the second quarter of fiscal 2025 (ended June 29, 2025). The company reported revenue of $307.9 million, narrowly beating analyst expectations of $306.6 million.
First Watch Restaurant Group, Inc. (NASDAQ:FWRG ) Q2 2025 Earnings Conference Call August 5, 2025 8:00 AM ET Company Participants Christopher A. Tomasso - CEO, President & Director Henry Melville Hope - CFO & Treasurer Matt Eisenacher - Chief Brand Officer Steven Louis Marotta - Vice President of Investor Relations Conference Call Participants Andrew Marc Barish - Jefferies LLC, Research Divisi...
Total revenues increased 19.1% Net income of $2.1 million and Adjusted EBITDA of $30.4 million 17 new system-wide restaurants opened in 8 states Raising 2025 Adjusted EBITDA guidance
BRADENTON, Fla., May 27, 2025 (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 it will participate in two June investor conferences:
First Watch's Q1 results were disappointing, with EPS of -$0.01 and revenue of $282.3 million, missing Wall Street estimates and causing a stock drop. Breakfast traffic has declined significantly, impacting First Watch's high price points and elaborate food offerings, making it hard to thrive in a value-driven environment. Rising food and labor costs, particularly for eggs and dairy, are squeez...
First Watch Restaurant Group, Inc. (NASDAQ:FWRG ) Q1 2025 Earnings Conference Call May 6, 2025 8:00 AM ET Company Participants Steven Marotta - Vice President, Investor Relations Chris Tomasso - President and Chief Executive Officer Mel Hope - Chief Financial Officer Matt Eisenacher - Chief Brand Officer Conference Call Participants Andrew Charles - TD Cowen Jim Salera - Stephens Inc Brian Vacc...
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