Welcome to our dedicated page for First Watch Restaurant Group news (Ticker: $FWRG), a resource for investors and traders seeking the latest updates and insights on First Watch Restaurant Group stock.
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First Watch Restaurant Group, Inc. reported strong Q1 2024 financial results with total revenues up by 14.7%, net income of $7.2 million, and adjusted EBITDA of $28.6 million. Despite positive same-restaurant sales growth of 0.5%, there were declines in income from operations margin and net income compared to Q1 2023. The company opened 9 new system-wide restaurants across 8 states, bringing the total to 531 restaurants. Management projects flat-to-up 2.0% same-restaurant sales growth for fiscal year 2024.
