First Watch Restaurant Group ( (FWRG) ) just unveiled an announcement.
First Watch Restaurant Group reported a significant milestone in 2024, surpassing $1 billion in total revenues and achieving over $100 million in adjusted EBITDA for the first time. Despite a decrease in income from operations and net income compared to the previous year, the company opened 50 new restaurants across 19 states, bringing the total to 572 system-wide locations. Looking forward, First Watch anticipates continued growth in 2025, with plans to open up to 64 new restaurants and achieve a 20% increase in total revenue.
More about First Watch Restaurant Group
First Watch Restaurant Group is an award-winning Daytime Dining concept that specializes in serving made-to-order breakfast, brunch, and lunch using fresh ingredients. The company is recognized for its chef-driven menu, which rotates five times a year, and includes both classic favorites and unique specialties.
YTD Price Performance: -3.67%
Average Trading Volume: 527,580
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.1B
See more data about FWRG stock on TipRanks’ Stock Analysis page.