First Watch Restaurant Group, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 24, 2023
November 01, 2023 at 07:09 am
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First Watch Restaurant Group, Inc. reported earnings results for the third quarter and nine months ended September 24, 2023. For the third quarter, the company reported revenue was USD 219.21 million compared to USD 186.85 million a year ago. Net income was USD 5.42 million compared to USD 0.046 million a year ago. Basic earnings per share from continuing operations was USD 0.09. Diluted earnings per share from continuing operations was USD 0.09.
For the nine months, revenue was USD 646.92 million compared to USD 544.42 million a year ago. Net income was USD 22.74 million compared to USD 7.39 million a year ago. Basic earnings per share from continuing operations was USD 0.38 compared to USD 0.13 a year ago. Diluted earnings per share from continuing operations was USD 0.37 compared to USD 0.12 a year ago.
First Watch Restaurant Group, Inc. is a daytime dining concept company. The Company is engaged in serving made-to-order breakfast, brunch and lunch using fresh ingredients. The Companyâs menu includes elevated executions of classic favorites along with its specialties, such as Quinoa Power Bowl, Farm Stand Breakfast Tacos, Avocado Toast, Chickichanga, Morning Meditation (juiced in-house daily), Spiked Lavender Lemonade and Million Dollar Bacon. The Company operates approximately 520 First Watch restaurants in 29 states. The Company uses a variety of marketing channels, including affiliate partnerships, social media interactions, digital marketing, direct mailers, public relations initiatives and local community sponsorships, email communications, promotions, and partnerships. It also owns the franchise-owned restaurant in Broken Arrow, Okla.
FIRST WATCH RESTAURANT GROUP, INC. 
