First Watch Restaurant Group Stock News

First Watch Restaurant Group's Q2 showed a considerable traffic decline, but solid underlying earnings growth from a growing scale and upkept pricing. First Watch adjusted its 2024 guidance to reflect weaker expected traffic, but the guidance shift is still likely a sign of weak industry traffic instead of company-specific weakness. Despite present risks in the investment case, FWRG's stock now...

First Watch's strategy of avoiding value promotions in a price-sensitive market is risky, potentially leading to negative comparable sales in Q3 and Q4. The company's focus on menu innovations and premium pricing has helped maintain resilience, but hasn't fully offset declining traffic and average check growth. Recent acquisitions and debt levels are manageable, but continued high capital expen...

BRADENTON, Fla., Sept. 03, 2024 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (NASDAQ: FWRG), the leading Daytime Dining concept serving breakfast, brunch and lunch, recently announced the promotion of Rob Conti to Chief Information Officer. Joining First Watch in 2019, he previously served as Senior Vice President of Information Technology, and brings to the role more than 25 years of...

PHILADELPHIA--(BUSINESS WIRE)--Kaskela Law LLC announces that it is investigating First Watch Restaurant Group, Inc. (NASDAQ: FWRG) (“First Watch”) on behalf of the company's investors. Since May 2024, shares of First Watch's stock have declined from a trading price of over $25.00 per share to a recent trading price of approximately $16.50, a decline of $8.50 per share, or over 34% in value. Th...

Leading Daytime Dining concept strengthens Board with appointment of new independent directors Leading Daytime Dining concept strengthens Board with appointment of new independent directors

First Watch Restaurant Group, Inc. (NASDAQ:FWRG ) Q2 2024 Earnings Conference Call August 6, 2024 8:00 AM ET Company Participants Steven Marotta – Vice President-Investor Relations Chris Tomasso – President and Chief Executive Officer Mel Hope – Chief Financial Officer Conference Call Participants Patrick Johnson – Stifel Brian M. Vaccaro – Raymond James Andy Barish – Jefferies Pratik Patel – B...

Total revenues increased 19.5%  Income from operations margin improved 110 basis points and Restaurant level operating profit margin improved 100 basis points  Net income increased 12 % to $8.9 million and Adjusted EBITDA increased 37% to $35.3 million  7 new system-wide restaurants opened across 6 states

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