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.
First Watch Restaurant Group, Inc. (NASDAQ: FWRG) is a full-service restaurant company behind First Watch, a daytime dining brand focused on made-to-order breakfast, brunch and lunch. News about FWRG often centers on its restaurant expansion, operating performance and participation in investor events, reflecting its role as a publicly traded company in the full-service restaurant industry.
Company press releases highlight ongoing development of the First Watch system, including new openings across multiple states and entries into new markets such as North Las Vegas and Boston’s Back Bay. These announcements frequently describe new restaurant features, local community partnerships and grand opening celebrations, providing insight into how the brand introduces its concept in different regions.
Investors following FWRG news will also see regular updates on quarterly and annual performance. The company issues releases on financial results, same-restaurant sales growth, same-restaurant traffic growth and system-wide restaurant counts. It explains key operating metrics such as system-wide restaurants, system-wide sales, same-restaurant sales growth and same-restaurant traffic growth, as well as non-GAAP measures like Adjusted EBITDA and restaurant level operating profit.
Additional news items cover First Watch’s participation in investor conferences, secondary offerings by selling shareholders and changes in corporate governance, such as board appointments. These updates give context on how the company engages with the capital markets and institutional investors.
For readers tracking FWRG, this news stream offers a view into restaurant openings, brand expansion, operating trends and corporate actions related to First Watch’s daytime dining concept and its multi-state restaurant system.
First Watch Restaurant Group (NASDAQ: FWRG) will release its first quarter 2022 financial results on May 10, 2022, before the market opens. The Company specializes in breakfast, brunch, and lunch and has over 435 locations across 28 states. A conference call and webcast will follow the release at 8:00 AM ET, hosted by CEO Chris Tomasso and CFO Mel Hope. Investors can listen by calling 412-317-5208 or via a webcast on the Company’s investor website.
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First Watch Restaurant Group (NASDAQ: FWRG) reported a strong financial performance for Q4 2021 and fiscal year 2021. Total revenues reached $601.2 million, with Q4 revenues of $162.6 million, a 48.7% increase from Q4 2020. Same-restaurant sales grew 36.7% year-over-year. The company opened 31 new restaurants in 2021, increasing total system-wide locations to 435. For 2022, First Watch forecasts same-restaurant sales growth in the high-single digits and revenue growth exceeding 15%.
First Watch Restaurant Group (NASDAQ: FWRG) will release its fourth quarter and fiscal year 2021 financial results on March 23, 2022, before the market opens. A conference call hosted by CEO Chris Tomasso and CFO Mel Hope will occur at 8:00 AM ET on the same day. Interested parties can access the call via telephone or webcast. First Watch is recognized for its award-winning Daytime Dining concept, focusing on fresh ingredients for breakfast, brunch, and lunch, with over 430 locations across 28 states.
First Watch Restaurant Group has announced strong preliminary results for the fourth quarter of fiscal 2021, reporting a remarkable 36.7% growth in same-restaurant sales. This growth is attributed to a surge in same-restaurant traffic by over 30%, continuing a trend of positive sales over 28 consecutive quarters pre-pandemic. The company opened 8 new restaurants in the quarter, bringing its total to 435 system-wide. Management expects Adjusted EBITDA for the quarter to exceed previous guidance of $10.2 million to $11.2 million.
First Watch Restaurant Group (FWRG) announced a virtual fireside chat at the 24th Annual ICR Conference on January 10, 2022, at 3:30 PM ET. CEO Christopher A. Tomasso and CFO Mel Hope will discuss the company's daytime dining concept, serving breakfast, brunch, and lunch. This chat will be available live on their Investor Relations website and archived afterward. The company will also participate in the Jefferies 11th Annual Winter Summit on January 24-25, 2022. First Watch operates over 425 restaurants across 28 states and has received numerous accolades for its menu.
First Watch Restaurant Group has launched a seasonal menu featuring premium ingredients available nationwide until March 13. The menu includes three new offerings: the Trailblazer Bowl, Carnitas Breakfast Burrito, and Superseed Protein Pancakes, alongside the popular Purple Haze juice. The new items cater to health-conscious diners without sacrificing flavor, aiming to reset healthy eating post-holiday season. The restaurant chain, which operates over 420 locations, is majority-owned by Advent International.
First Watch Restaurant Group (FWRG) announced a virtual fireside chat with CEO Christopher Tomasso and CFO Mel Hope at the Barclays Eat Sleep Play Conference on December 1, 2021, at 9:45 a.m. Eastern Time. This event will be available for live streaming on the Company’s Investor Relations website and archived afterward. First Watch is known for its breakfast, brunch, and lunch offerings, with over 425 locations across 28 states.
First Watch Restaurant Group (NASDAQ: FWRG) reported a remarkable 57.8% increase in total revenues, reaching $157.4 million for Q3 2021. This growth was primarily driven by a 46.2% rise in same-restaurant sales and a 40.1% increase in traffic. The company achieved a net income of $0.8 million or $0.02 per diluted share, compared to a net loss of $11.1 million in the prior year. The outlook for Q4 anticipates same-restaurant sales growth of 31.5% to 33.5% and adjusted EBITDA of $10.2 million to $11.2 million.
First Watch Restaurant Group (NASDAQ: FWRG) reported a strong performance for the third quarter ended September 26, 2021, with revenues soaring to $157.4 million, a 57.8% increase year-over-year. Same-restaurant sales grew 46.2%, while same-restaurant traffic rose 40.1%. The company achieved a net income of $0.8 million, or $0.02 per diluted share, reversing the net loss of $11.1 million in the prior year. Adjusted EBITDA surged to $17.0 million from $2.6 million. The company plans to open seven company-owned and two franchise-owned restaurants in the upcoming fourth quarter.