I am an Equity Analyst and Accountant specializing in restaurant stocks, with a solid foundation in Business Administration and Accounting, complemented by an MBA in Forensic Accounting and Controllership. As the founder of Goulart's Restaurant Stocks, I lead a company focused on analyzing restaurant stocks in the U.S. market. Our coverage spans multiple segments, including QSR, fast casual, casual dining, fine dining, and family dining. We employ advanced analytical models and specialized valuation techniq ...

For the quarter ended March 2025, First Watch Restaurant Group, Inc. (FWRG) reported revenue of $282.24 million, up 16.4% over the same period last year. EPS came in at -$0.01, compared to $0.12 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $282.33 million, representing a surprise of -0.03%. The company delivered an EPS surprise of -125.00%, with the consensus EPS estimate being $0.04.While investors scrutinize revenue and earnings changes year-over-year and how th ...

First Watch Restaurant Group, Inc. (FWRG) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of $0.04. This compares to earnings of $0.12 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -125%. A quarter ago, it was expected that this company would post earnings of $0.02 per share when it actually produced earnings of $0.01, delivering a surprise of -50%.Over the last four quarters, the compan ...

First Watch Restaurant Group (FWRG) Q1 2025 Earnings Call May 06, 2025 08:00 AM ET Company Participants Steven Marotta - VP of IRChristopher Tomasso - CEO, President & DirectorMel Hope - CFOAndrew Charles - Managing DirectorBrian Vaccaro - Managing Director - Equity ResearchAndy Barish - Managing DirectorMatt Eisenacher - Chief Brand OfficerPatrick Johnson - Equity Research Associate Conference Call Participants Jim Salera - Research AnalystJeffrey Bernstein - AnalystSara Senatore - AnalystJon Tower - Analy ...

First Watch Restaurant Group (FWRG) Q1 2025 Earnings Call May 06, 2025 08:00 AM ET Speaker0 Thank you for standing by and welcome to the FirstWatch Restaurant Group Inc. First Quarter Earnings Conference Call occurring today, 05/06/2025 at eight a. M. Eastern Time. Please note that all participants are currently in a listen only mode. Following the presentation, the conference call will be open for analyst questions and instructions on how to ask a question will be given at that time. This call will be arch ...

Q1 2025 SUPPLEMENTAL INFORMATION May 6, 2025 CAUTIONARY NOTE ON FORWARD-LOOKING STATEMENTS AND NON-GAAP FINANCIAL MEASURES FORWARD LOOKING STATEMENTS In addition to historical information, this presentation may contain a number of "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995, which are subject to known and unknown risks, uncertainties and other important factors that may cause actual results to be materially different from the statements made herein. All st ...

Financial Performance - Total revenues for the thirteen weeks ended March 30, 2025, were $282.24 million, an increase of 16.5% compared to $242.45 million for the same period in 2024[13] - Restaurant sales reached $279.59 million, up from $239.31 million, reflecting a growth of 16.8% year-over-year[13] - Net loss for the period was $829,000, compared to a net income of $7.21 million in the prior year, indicating a significant decline in profitability[13] - The company reported a comprehensive loss of $1.49 million for the quarter, compared to a comprehensive income of $8.14 million in the prior year[13] - The net cash provided by operating activities was $20.14 million, a decrease from $24.98 million in the same period last year[18] - The effective income tax rate for the thirteen weeks ended March 30, 2025, was 46.1%, significantly higher than the 28.0% for the same period in 2024[62] - Stock-based compensation expense for the thirteen weeks ended March 30, 2025, was $2.3 million, compared to $1.9 million for the same period in 2024[60] Assets and Liabilities - Total assets increased to $1.54 billion as of March 30, 2025, compared to $1.51 billion at the end of December 2024, representing a growth of 2.5%[11] - Total liabilities rose to $947.85 million, up from $918.97 million, marking an increase of 3.2%[11] - Cash and cash equivalents decreased to $18.61 million from $33.31 million, a decline of 44.6%[11] - The total accounts receivable decreased to $5.96 million from $7.24 million at the end of the previous year[34] - As of March 30, 2025, the total net long-term debt was $191.5 million, an increase from $189.0 million as of December 29, 2024[36] - The estimated fair value of the outstanding debt as of March 30, 2025, was $201.8 million, compared to $198.3 million as of December 29, 2024[41] Capital Expenditures and Investments - Capital expenditures for the period were $36.56 million, compared to $28.58 million in the prior year, indicating an increase of 28%[18] - The Company drew $7.0 million and $20.5 million from the Delayed Draw Term Facility on April 11 and April 25, 2025, respectively, to fund acquisitions[40] - The company acquired 16 restaurants for approximately $49.0 million and three restaurants for approximately $7.0 million in April 2025[71] Operational Metrics - The company operated 498 company-owned restaurants and 86 franchise-owned restaurants as of March 30, 2025[24] - In-restaurant dining sales reached $226.73 million, a rise of 16.2% compared to $195.20 million in the prior year[33] - The total lease expense for the thirteen weeks ended March 30, 2025, was $25.1 million, compared to $20.4 million for the same period in 2024[50] Debt and Interest Management - Cash paid for interest was $3.07 million, up from $2.77 million in the previous year[20] - The Company has a $100.0 million Term Facility, a $125.0 million Revolving Credit Facility, and a $125.0 million Delayed Draw Term Facility under its Credit Facility[37] - The Company utilized interest rate swaps with an aggregate notional amount of $150.0 million to hedge cash flows of variable rate debt[45][46] - The company entered into variable-to-fixed interest rate swap agreements to hedge $150.0 million of outstanding variable rate debt, with fixed rates of 4.16% and 4.42%[154] Shareholder Information - The weighted average number of common shares outstanding increased to 60.77 million from 60.01 million, reflecting a rise of 1.3%[13] - The weighted average common shares outstanding for basic net loss per share was 60,767,401 for the thirteen weeks ended March 30, 2025[70] Compliance and Valuation - The Company was in compliance with all covenants under the credit agreement as of March 30, 2025[43] - The company has established a valuation allowance on deferred tax assets deemed not realizable as of March 30, 2025, due to insufficient earnings history[64] - The company continues to assess the need for a valuation allowance for deferred tax assets, which may change with future taxable earnings[65] - Unrecognized stock-based compensation expense as of March 30, 2025, included $19,000 for stock options and $18.634 million for restricted stock units[61] Deferred Revenue - Deferred gift card revenue at the end of the period was $3.15 million, down from $5.39 million at the beginning of the period[33]

Exhibit 99.1 First Watch Restaurant Group, Inc. Reports Q1 2025 Financial Results Total revenues increased 16.4% Net loss of $(0.8) million and Adjusted EBITDA of $22.8 million 13 new system-wide restaurants opened in 10 states BRADENTON, Fla. — May 6, 2025 — First Watch Restaurant Group, Inc. (NASDAQ: FWRG) ("First Watch" or the "Company"), the leading Daytime Dining concept serving breakfast, brunch and lunch, today reported financial results for the thirteen weeks ended March 30, 2025 ("Q1 2025"). "First ...

Acquisition Marks Second Largest Franchisee Deal in First Watch’s History, Underscores Long-term Growth StrategyBRADENTON, Fla., April 28, 2025 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (NASDAQ: FWRG) (together with its subsidiaries “First Watch” or the “Company”), the leading Daytime Dining concept serving breakfast, brunch and lunch, today completed its previously announced acquisition of 16 of its franchise-owned restaurants and corresponding development rights in North Carolina and South Ca ...

Boylston St. restaurant signals Daytime Dining leader’s continued New England expansion First Watch to bring flagship location to downtown Boston First Watch will open its first downtown Boston location at 777 Boylston St., marking the company’s continued expansion in New England. BOSTON, April 23, 2025 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (NASDAQ: FWRG) (“First Watch” or the “Company”), the leading daytime restaurant serving breakfast, brunch and lunch, announced it will open its first ...