FWRG Q2 2022 Earnings — First Watch Restaurant Group, Inc. Revenue & Financial Results | Market Cap Arena

FWRGFirst Watch Restaurant Group, Inc.

$767M

Q2 2022 Earnings

Consumer Cyclical Restaurants

Income Statement

Revenue

$184M+19.8% YoY

Gross Profit

$36M19.4% margin

Operating Income

$5M2.7% margin

Net Income

$3M1.5% margin

EPS (Diluted)

$0.05

QoQ Revenue Growth

+6.6%

Cash Flow

Operating Cash Flow

$24M

Free Cash Flow

$8M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$1.1B

Total Liabilities

$563M

Stockholders' Equity

$517M

Cash & Equivalents

$54M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$184M	$154M	+19.8%
Gross Profit	$36M	$36M	-1.3%
Operating Income	$5M	$12M	-59.0%
Net Income	$3M	$4M	-28.9%

Revenue Segments

Franchisor Owned Outlet

$182M49%

In-Restaurant Dining Sales

$145M39%

Third-Party Delivery Sales

$20M5%

Take-Out Sales

$17M5%

Franchise

$3M1%

Royalty And System Fund Contributions

$3M1%

Initial Fees

$65,0000%