FWRGFirst Watch Restaurant Group, Inc.

$767M

Q1 2022 Earnings

Consumer Cyclical Restaurants

Income Statement

Revenue

$173M+36.1% YoY

Gross Profit

$36M20.7% margin

Operating Income

$8M4.5% margin

Net Income

$5M2.7% margin

EPS (Diluted)

$0.08

QoQ Revenue Growth

+6.5%

Cash Flow

Operating Cash Flow

$8M

Free Cash Flow

-$3M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$1.0B

Total Liabilities

$538M

Stockholders' Equity

$511M

Cash & Equivalents

$47M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$173M	$127M	+36.1%
Gross Profit	$36M	$24M	+51.3%
Operating Income	$8M	$4M	+101.8%
Net Income	$5M	-$2M	+327.2%

Revenue Segments

Franchisor Owned Outlet

$171M49%

In-Restaurant Dining Sales

$133M38%

Third-Party Delivery Sales

$21M6%

Take-Out Sales

$17M5%

Franchise

$2M1%

Royalty And System Fund Contributions

$2M1%

Initial Fees

$64,0000%

FWRG Q1 2022 Earnings — First Watch Restaurant Group, Inc. Revenue & Financial Results | Market Cap Arena