First Watch Earnings Reports

First Watch Restaurant Group reported Q4 2024 revenue of $263.3 million, up 7.6% year-over-year. However, same-restaurant sales declined by 0.3%, and same-restaurant traffic dropped by 3.0%. Net income fell to $0.7 million from $2.6 million in Q4 2023. Adjusted EBITDA decreased slightly to $24.3 million from $24.6 million in the prior-year quarter.

First Watch reported a 14.8% increase in total revenues, reaching $251.6 million. Net income was $2.1 million, with Adjusted EBITDA growing 18% to $25.6 million. The company opened 9 new system-wide restaurants.

First Watch Restaurant Group reported a 19.5% increase in total revenues to $258.6 million and a 12% increase in net income to $8.9 million for Q2 2024. The company's income from operations margin and restaurant level operating profit margin also improved.

First Watch reported a 14.7% increase in total revenues to $242.4 million. Same-restaurant sales growth was 0.5%. Net income decreased to $7.2 million, or $0.12 per diluted share. Adjusted EBITDA increased to $28.6 million.

First Watch Restaurant Group reported a strong Q4 2023 with a 31.7% increase in total revenues to $244.6 million and a 5.0% increase in same-restaurant sales growth. Net income was $2.6 million, a significant improvement compared to the net loss of $(0.5) million in Q4 2022. The company opened 19 system-wide restaurants during the quarter.

First Watch reported a strong Q3 2023 with a 17.3% increase in total revenue, 4.8% same-restaurant sales growth, and a net income of $5.4 million. The company opened 13 new restaurants and acquired 11 franchise-owned restaurants, reaching a total of 505 system-wide restaurants. They also raised their 2023 same-restaurant sales growth, total revenue growth and Adjusted EBITDA guidance.

First Watch Restaurant Group reported a strong Q2 2023 with a 17.3% increase in total revenues and a significant rise in net income. Same-restaurant sales grew by 7.8%, contributing to an income from operations margin of 5.3% and a restaurant level operating profit margin of 20.9%. The company also opened 9 new system-wide restaurants and raised its 2023 Adjusted EBITDA guidance.

First Watch Restaurant Group reported a strong first quarter in 2023, with significant increases in total revenues, system-wide sales, and same-restaurant sales growth. The company's income from operations margin and restaurant level operating profit margin also increased, leading to a rise in net income and adjusted EBITDA. They also raised the 2023 Adjusted EBITDA guidance.

First Watch Restaurant Group reported a 14.2% increase in total revenues to $185.7 million and a 7.7% growth in same-restaurant sales. The company's net loss improved to $(0.5) million. They opened 16 system-wide restaurants during the quarter.

First Watch Restaurant Group reported strong Q3 2022 financial results, with total revenues up 18.7% to $186.9 million and same-restaurant sales growth of 12.0%. The company also raised certain elements of its fiscal year 2022 guidance.

First Watch Restaurant Group reported strong Q2 2022 financial results, with system-wide sales increasing 20.0% and same-restaurant sales increasing 13.4%. The company also raised its fiscal year 2022 guidance.

First Watch Restaurant Group, Inc. reported a 36.1% increase in total revenues to $173.1 million, driven by a 27.2% increase in same-restaurant sales growth and a 21.9% increase in same-restaurant traffic growth. The company's net income was $4.6 million, or $0.08 per diluted share, compared to a net loss of $(2.0) million, or $(0.05) per diluted share in the same quarter of the previous year.

First Watch Restaurant Group reported a significant increase in total revenues, same-restaurant sales growth, and restaurant level operating profit margin for the third quarter ended September 26, 2021. The company's net income and Adjusted EBITDA also showed substantial improvement compared to the same period in 2020.