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First Watch Restaurant Group (FWRG) Reports Q1 Earnings: What Key Metrics Have to Say

Zacks Equity Research
·2 分鐘文章

First Watch Restaurant Group, Inc. (FWRG) 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.

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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.

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