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First Watch Restaurant Group (FWRG)
NASDAQ:FWRG
RESEARCH TOOLSreports
Earnings Data
Report Date
Aug 12, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.07Last Year’s EPS
0.14Same Quarter Last Year
Strong Buy
Based on 10 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 06, 2025
|% Change Since: -16.44%
|Next Earnings Date:Aug 12, 2025
Earnings Call Sentiment|Neutral
First Watch reported strong revenue growth and successful new store openings, with improved traffic trends driven by strategic marketing and operational efficiency. However, significant margin pressure from higher commodity and labor costs, along with a decline in adjusted EBITDA, offset these positive trends. Despite challenges, the company remains optimistic about its growth strategies and market position.Company Guidance
During the First Watch Restaurant Group Inc.'s first quarter earnings call for fiscal year 2025, management provided guidance reflecting both challenges and opportunities. The company reported over 16% total revenue growth year-over-year, driven by positive same-restaurant sales and 13 new restaurant openings. Despite this strong top-line performance, adjusted EBITDA was revised down to a range of $114 million to $119 million due to increased costs, including a significant 7.7% commodity inflation and higher health benefit expenses. These pressures were further compounded by a strategic decision to enhance customer value through initiatives like doubling meat portions in popular dishes without increasing prices. First Watch aims to maintain low-single-digit same-restaurant sales growth and positive traffic, with a focus on expanding marketing efforts and optimizing third-party delivery partnerships. The company remains committed to long-term growth, targeting 59 to 64 net new restaurant openings and leveraging its enhanced marketing strategies to drive brand awareness and customer engagement.Strong Revenue Growth
First Watch achieved a 16.4% increase in total revenue, driven by positive same-restaurant sales growth of 0.7% and the contribution of 115 non-comp restaurants.
New Restaurant Openings
13 new system-wide restaurant openings, including the first New England location in Hanover, Massachusetts, which is performing above expectations.
Traffic Improvement
Sequential improvement in same-restaurant traffic, with a return to positive traffic in March and the best monthly same-restaurant traffic result in over two years in April.
Successful Marketing Campaigns
Enhanced strategic marketing efforts led to improved traffic trends and promising results in targeted geographies.
Franchise Acquisitions
Completion of franchise acquisitions of 16 restaurants in North and South Carolina and three in Missouri, bolstering presence in key states.
Operational Efficiency
Improved ticket times and reduced employee turnover for the eighth consecutive quarter, demonstrating operational efficiency and strong team development.
FWRG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
FWRG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 06, 2025 | $18.61 | $15.33 | -17.62% |
Mar 11, 2025 | $18.10 | $16.83 | -7.02% |
Nov 07, 2024 | $18.25 | $20.83 | +14.14% |
Aug 06, 2024 | $14.28 | $15.86 | +11.06% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does First Watch Restaurant Group (FWRG) report earnings?
First Watch Restaurant Group (FWRG) is schdueled to report earning on Aug 12, 2025, TBA Not Confirmed.
What is First Watch Restaurant Group (FWRG) earnings time?
First Watch Restaurant Group (FWRG) earnings time is at Aug 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FWRG EPS forecast?
FWRG EPS forecast for the fiscal quarter 2025 (Q2) is 0.07.