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First Watch Restaurant Group Inc - FWRG STOCK NEWS

Welcome to our dedicated news page for First Watch Restaurant Group (Ticker: FWRG), a resource for investors and traders seeking the latest updates and insights on First Watch Restaurant Group.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect First Watch Restaurant Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of First Watch Restaurant Group's position in the market.

News
First Watch Acquires 21 Franchise Restaurants in North Carolina
Rhea-AI Summary
First Watch Restaurant Group, Inc. (NASDAQ: FWRG) has completed the acquisition of 21 franchise-owned restaurants in North Carolina for $75 million, marking its largest franchise acquisition to date. The purchase is part of the company's long-term growth strategy, aiming to expand its presence in key markets and strengthen its organization.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.29%
Tags
acquisition
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News
First Watch Restaurant Group, Inc. Announces Secondary Offering of Common Stock
Rhea-AI Summary
First Watch Restaurant Group, Inc. (FWRG) announces an underwritten secondary offering of 6,000,000 shares of Common Stock by Selling Stockholders managed by Advent International, L.P. Barclays is the sole underwriter, with an option for an additional 900,000 shares. The Company will not receive any proceeds from the Offering.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.85%
Tags
offering
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News
First Watch Co-Founder, Longtime CEO and Former Chairman Ken Pendery Passes Away at 70
Rhea-AI Summary
Ken Pendery, co-founder and longtime leader of First Watch, passed away at 70 after a battle with Multiple System Atrophy. Under his leadership, the breakfast & brunch brand expanded from one California restaurant to over 520 nationwide. His legacy includes a focus on culture, integrity, honesty, and respect.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.37%
Tags
none
News
First Watch Restaurant Group, Inc. Reports Strong 2023 Financial Results and Provides 2024 Outlook
Rhea-AI Summary
First Watch Restaurant Group, Inc. (NASDAQ: FWRG) reported strong financial results for Q4 2023 and full-year 2023, with total revenues reaching $891.6 million, up 22.1%. System-wide sales increased by 20.6% to $1.1 billion. The company opened 51 new restaurants across 19 states and achieved a same-restaurant sales growth of 7.6%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.46%
Tags
earnings
-
News
First Watch Restaurant Group, Inc. to Report Fourth Quarter and Fiscal Year 2023 Financial Results on March 5, 2024
Rhea-AI Summary
First Watch Restaurant Group, Inc. (NASDAQ: FWRG) announced its plan to release fourth quarter and fiscal year 2023 financial results on March 5, 2024. A conference call and webcast will follow, hosted by CEO Chris Tomasso and CFO Mel Hope. The Company will participate in three institutional investors conferences in March.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.2%
Tags
conferences earnings
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News
First Watch Announces Acquisition of Tulsa-Area Franchise Location
Rhea-AI Summary
First Watch Restaurant Group, Inc. (NASDAQ: FWRG) has acquired its previously franchise-owned restaurant in Broken Arrow, Okla. The acquisition is part of the company's long-term growth strategy and was funded with cash on hand. The CEO and President, Chris Tomasso, expressed pride in welcoming the restaurant team into the company-owned system and highlighted the restaurant's positive impact on the local community.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.64%
Tags
acquisition
News
First Watch Welcomes New Year with Bright and Bold Seasonal Menu
Rhea-AI Summary
First Watch (FW) introduces limited-time Brooklyn Breakfast Sandwich and other regional-inspired items as part of its 'Jump Start' seasonal menu, available nationwide through March 17, 2024. The menu includes the Brooklyn Breakfast Sandwich, Barbacoa Chilaquiles Breakfast Bowl, Blackberry Lemon Cream French Toast, Holey Donuts, and Mango Passion Palmer Juice. First Watch is known for its 'Follow the Sun' food ethos and is open seven days a week from 7 a.m. until 2:30 p.m. for pickup, delivery, and dine-in service.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.1%
Tags
none
-
News
First Watch Restaurant Group, Inc. Reports Preliminary Operational Metrics for the Fourth Quarter and Fiscal Year 2023
Rhea-AI Summary
First Watch Restaurant Group, Inc. (NASDAQ: FWRG) reported preliminary operational results for the fourteen weeks ended December 31, 2023, and fiscal year 2023. Same-restaurant sales and traffic growth improved in the fourth quarter, with an 11% system-wide restaurant growth. The CEO highlighted better food and labor costs and franchise acquisitions as part of the growth strategy.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.79%
Tags
earnings
-
News
First Watch to Acquire 21 Franchise Restaurants in North Carolina
Rhea-AI Summary
First Watch Restaurant Group, Inc. (NASDAQ: FWRG) announced the acquisition of 21 franchise-owned restaurants in North Carolina for $75 million, representing the largest acquisition in the company's history. The transaction is part of the company's growth and value creation strategy, with plans to generate additional territories for organic growth. The acquisition is expected to close by the end of April, and the company has also amended its credit agreement to support future acquisitions and new restaurant construction.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.79%
Tags
acquisition
News
First Watch Restaurant Group, Inc. to Participate in the 26th Annual ICR Conference and the 13th Annual Jefferies Winter Restaurant, Foodservice, Gaming, Lodging & Leisure Summit
Rhea-AI Summary
First Watch Restaurant Group, Inc. (Nasdaq: FWRG) announced that CEO and President Chris Tomasso and CFO Mel Hope will participate in two upcoming conferences: the 26th Annual ICR Conference on Jan. 8, 2023, and the Jefferies 13th Annual Winter Restaurant, Foodservice, Gaming, Lodging & Leisure Summit on Jan. 22-23, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.09%
Tags
conferences
Stock FWRG logo
First Watch Restaurant Group Inc

Nasdaq:FWRG

FWRG Rankings

#2181 Ranked by Market Cap
#2103 Ranked by Stock Gains
N/A Ranked by Dividends

FWRG Stock Data

1.36B
32.13M
1.58%
90.17%
7.48%
Full-Service Restaurants
Accommodation and Food Services
Link
US
Bradenton

About FWRG

at first watch, we believe in putting our customers first. we begin each morning at the crack of dawn, slicing and juicing fresh fruits and vegetables, baking muffins and whipping up our french toast batter from scratch. freshness is never compromised — as we use only the finest ingredients available for the freshest taste possible. when you arrive, we welcome you with a pot—not just a cup—of our sunrise select® premium blend coffee, along with complimentary newspapers and wifi internet access. we want to provide every customer with an extraordinary dining experience. it's all part of our "you first®" service philosophy—doing whatever it takes to make your visit memorable. our history back in 1983, there was no breakfast restaurant–focused category, really. then the original first watch opened from 7 a.m. – 2:30 p.m. with the idea that people want a breakfast, brunch and lunch restaurant that doesn't moonlight with steaks or anything else later in the day. word about this