First Watch Restaurant Group, Inc. (FWRG) Tops Q1 EPS by 6c

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Go back to First Watch Restaurant Group, Inc. (FWRG) Tops Q1 EPS by 6c

First Watch Restaurant Group, Inc. Reports Strong Q1 2023 Financial Results

May 2, 2023 7:01 AM EDT

Same-restaurant sales growth of 12.9% driven by same-restaurant traffic growth of 5.1%Income from operations margin of 7.4% and restaurant level operating profit margin of 21.2%Net income of $9.4 million and Adjusted EBITDA of $27.4 million10 system-wide restaurants opened across 7 statesRaises 2023 Adjusted EBITDA guidance

BRADENTON, Fla., May 02, 2023 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (NASDAQ: FWRG) (First Watch or the Company),... More