FWRG Q1 2024 Earnings — First Watch Restaurant Group, Inc. Revenue & Financial Results | Market Cap Arena

FWRGFirst Watch Restaurant Group, Inc.

$767M

Q1 2024 Earnings

Consumer Cyclical Restaurants

Income Statement

Revenue

$242M+14.7% YoY

Gross Profit

$53M21.9% margin

Operating Income

$12M5.1% margin

Net Income

$7M3.0% margin

EPS (Diluted)

$0.12

QoQ Revenue Growth

-0.9%

Cash Flow

Operating Cash Flow

$25M

Free Cash Flow

-$4M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$1.3B

Total Liabilities

$705M

Stockholders' Equity

$574M

Cash & Equivalents

$43M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$242M	$211M	+14.7%
Gross Profit	$53M	$48M	+11.5%
Operating Income	$12M	$15M	-19.9%
Net Income	$7M	$9M	-22.9%

Revenue Segments

Franchisor Owned Outlet

$239M49%

In-Restaurant Dining Sales

$195M40%

Third-Party Delivery Sales

$26M5%

Take-Out Sales

$18M4%

Franchise

$3M1%

Royalty And System Fund Contributions

$3M1%

Initial Fees

$102,0000%