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First Watch Restaurant Group (FWRG) Reports Q1 Earnings: What Key Metrics Have to Say
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First Watch Restaurant Group, Inc. (FWRG - Free Report) reported $242.45 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 14.7%. EPS of $0.12 for the same period compares to $0.15 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $244.78 million, representing a surprise of -0.95%. The company delivered an EPS surprise of +20.00%, with the consensus EPS estimate being $0.10.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how First Watch Restaurant Group performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Same-restaurant sales growth: 0.5% compared to the 0.6% average estimate based on four analysts.
System-wide Restaurants - Total: 531 versus the four-analyst average estimate of 531.
System-wide Restaurants - Franchise-owned: 99 versus 100 estimated by three analysts on average.
System-wide Restaurants - Company-owned: 432 versus the three-analyst average estimate of 431.
Revenues- Franchise revenues: $3.14 million versus the four-analyst average estimate of $3.16 million. The reported number represents a year-over-year change of -8.6%.
Revenues- Restaurant sales: $239.31 million versus the four-analyst average estimate of $241.65 million. The reported number represents a year-over-year change of +15.1%.
Shares of First Watch Restaurant Group have returned +8.4% over the past month versus the Zacks S&P 500 composite's -0.4% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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First Watch Restaurant Group (FWRG) Reports Q1 Earnings: What Key Metrics Have to Say
First Watch Restaurant Group, Inc. (FWRG - Free Report) reported $242.45 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 14.7%. EPS of $0.12 for the same period compares to $0.15 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $244.78 million, representing a surprise of -0.95%. The company delivered an EPS surprise of +20.00%, with the consensus EPS estimate being $0.10.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how First Watch Restaurant Group performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Same-restaurant sales growth: 0.5% compared to the 0.6% average estimate based on four analysts.
- System-wide Restaurants - Total: 531 versus the four-analyst average estimate of 531.
- System-wide Restaurants - Franchise-owned: 99 versus 100 estimated by three analysts on average.
- System-wide Restaurants - Company-owned: 432 versus the three-analyst average estimate of 431.
- Revenues- Franchise revenues: $3.14 million versus the four-analyst average estimate of $3.16 million. The reported number represents a year-over-year change of -8.6%.
- Revenues- Restaurant sales: $239.31 million versus the four-analyst average estimate of $241.65 million. The reported number represents a year-over-year change of +15.1%.
View all Key Company Metrics for First Watch Restaurant Group here>>>Shares of First Watch Restaurant Group have returned +8.4% over the past month versus the Zacks S&P 500 composite's -0.4% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.