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First Watch Restaurant Group (FWRG) Reports Q2 Earnings: What Key Metrics Have to Say

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For the quarter ended June 2025, First Watch Restaurant Group, Inc. (FWRG - Free Report) reported revenue of $307.89 million, up 19.1% over the same period last year. EPS came in at $0.03, compared to $0.14 in the year-ago quarter.

The reported revenue represents a surprise of +0.55% over the Zacks Consensus Estimate of $306.19 million. With the consensus EPS estimate being $0.07, the EPS surprise was -57.14%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

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: 3.5% compared to the 2.4% average estimate based on four analysts.
  • System-wide Restaurants - Total: 600 compared to the 596 average estimate based on four analysts.
  • System-wide Restaurants - Franchise-owned: 69 versus 68 estimated by three analysts on average.
  • System-wide Restaurants - Company-owned: 531 versus the three-analyst average estimate of 527.
  • Revenues- Franchise revenues: $2.9 million compared to the $2.42 million average estimate based on four analysts. The reported number represents a change of -6.4% year over year.
  • Revenues- Restaurant sales: $304.98 million compared to the $303.56 million average estimate based on four analysts. The reported number represents a change of +19.4% year over year.

View all Key Company Metrics for First Watch Restaurant Group here>>>

Shares of First Watch Restaurant Group have returned -1% over the past month versus the Zacks S&P 500 composite's +1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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