First Watch Restaurant Group, Inc. - Common Stock (FWRG)
17.04
+0.21 (1.25%)
First Watch Restaurant Group Inc is a prominent operator of daytime dining restaurants specializing in breakfast, brunch, and lunch offerings
With a commitment to fresh, high-quality ingredients, the company creates a diverse menu that includes traditional comfort foods and innovative dishes, catering to a wide range of tastes and dietary preferences. The restaurants emphasize a welcoming atmosphere and exceptional customer service, making them popular gathering spots for families, friends, and colleagues. First Watch focuses on sustainable practices and community engagement, often sourcing local ingredients and supporting various initiatives to enhance the dining experience.
Shares of breakfast restaurant chain First Watch Restaurant Group (NASDAQFWRG)
fell 4.7% in the afternoon session after the company delivered mixed fourth-quarter results: EPS fell short, and full-year EBITDA guidance came in slightly below Wall Street estimates.
Breakfast restaurant chain First Watch Restaurant Group (NASDAQFWRG) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 7.6% year on year to $263.3 million. Its GAAP profit of $0.01 per share was in line with analysts’ consensus estimates.
Restaurants are go-to meeting hubs for friends, family, and colleagues. They’re also more insulated from online competition, which has led to a steady demand versus other retail-oriented businesses like department stores.
This has been appreciated by the market as the industry was up 8.7% over the past six months compared to 6.5% for the S&P 500.
First Watch trades at $19.33 and has moved in lockstep with the market. Its shares have returned 5.9% over the last six months while the S&P 500 has gained 10.4%.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how sit-down dining stocks fared in Q3, starting with BJ's (NASDAQBJRI).
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the sit-down dining industry, including First Watch (NASDAQFWRG) and its peers.
Breakfast restaurant chain First Watch Restaurant Group (NASDAQFWRG) missed Wall Street’s revenue expectations in Q3 CY2024, but sales rose 14.8% year on year to $251.6 million. Its GAAP profit of $0.03 per share was also 36.3% below analysts’ consensus estimates.
Breakfast restaurant chain First Watch Restaurant Group (NASDAQFWRG)
will be reporting results tomorrow before market open. Here’s what investors should know.
Kaskela Law LLC announces that it is investigating First Watch Restaurant Group, Inc. (NASDAQFWRG) (“First Watch”) on behalf of the company’s investors.
