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First Watch Restaurant Group, Inc. (FWRG)
:FWRG
RESEARCH TOOLSreports
Earnings Data
Report Date
May 06, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.04Last Year’s EPS
0.12Same Quarter Last Year
Strong Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 11, 2025
|% Change Since: 7.18%
|Next Earnings Date:May 06, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mix of strong performance metrics and strategic growth plans, alongside challenges with same restaurant sales and inflationary pressures. The company's expansion and operational improvements are notable positives, but they are balanced by the pressures from commodity inflation and traffic declines.Company Guidance
During the Fourth Quarter Earnings Conference Call for First Watch Restaurant Group, key financial metrics were highlighted, showcasing a strong performance in fiscal 2024 and an optimistic outlook for 2025. The company reported total revenue exceeding $1 billion, with an adjusted EBITDA surpassing $100 million for the first time in its history. The call also revealed a 16.8% increase in fourth-quarter revenues, adjusted EBITDA of $24.3 million, and a restaurant-level operating profit margin of 18.8%. Despite a slight decline in same-restaurant sales by 0.3%, the company opened 50 new restaurants, contributing to future growth. For fiscal 2025, First Watch anticipates total revenue growth of around 20%, driven by continued unit expansion and strategic marketing investments, with a focus on maintaining low single-digit positive same-restaurant sales growth. The company plans to open 59 to 64 new system-wide restaurants and expects a blended tax rate between 31% to 33%. The guidance also includes high single-digit commodity inflation, highlighting challenges from elevated prices for eggs, avocados, bacon, and coffee beans.Record Revenue and Adjusted EBITDA
First Watch achieved over $1 billion in total revenue and over $100 million in adjusted EBITDA for the first time in the company's history.
Expansion and New Restaurant Openings
In 2024, 50 new restaurants were opened, including a record 25 in the fourth quarter. New restaurants are on pace to generate third-year sales of $2.6 million, 20% above the current system average.
Improved Operational Metrics
The company increased labor efficiency, improved restaurant-level operating profit margins, reduced ticket times, and improved employee turnover.
Positive Developments in Third-Party Delivery
Modifications in the approach to third-party delivery resulted in positive traffic year-to-date in 2025.
Strong New Restaurant Performance
Restaurants opened in 2024 are generating higher sales and returns than average, with a projected cash on cash return above 35% and IRR above 22%.
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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
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FWRG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| 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% |
| May 07, 2024 | $25.13 | $21.51 | -14.41% |
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.
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FAQ
When does First Watch Restaurant Group, Inc. (FWRG) report earnings?
First Watch Restaurant Group, Inc. (FWRG) is schdueled to report earning on May 06, 2025, TBA Not Confirmed.
What is First Watch Restaurant Group, Inc. (FWRG) earnings time?
First Watch Restaurant Group, Inc. (FWRG) earnings time is at May 06, 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 (Q1) is 0.04.
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