FWRG Q2 2023 Earnings — First Watch Restaurant Group, Inc. Revenue & Financial Results | Market Cap Arena

FWRGFirst Watch Restaurant Group, Inc.

$767M

Q2 2023 Earnings

Consumer Cyclical Restaurants

Income Statement

Revenue

$216M+17.3% YoY

Gross Profit

$48M22.2% margin

Operating Income

$11M5.2% margin

Net Income

$8M3.7% margin

EPS (Diluted)

$0.13

QoQ Revenue Growth

+2.3%

Cash Flow

Operating Cash Flow

$34M

Free Cash Flow

$19M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$1.2B

Total Liabilities

$617M

Stockholders' Equity

$546M

Cash & Equivalents

$67M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$216M	$184M	+17.3%
Gross Profit	$48M	$36M	+34.2%
Operating Income	$11M	$5M	+124.5%
Net Income	$8M	$3M	+194.0%

Revenue Segments

Franchisor Owned Outlet

$213M49%

In-Restaurant Dining Sales

$174M40%

Third-Party Delivery Sales

$21M5%

Take-Out Sales

$17M4%

Franchise

$4M1%

Royalty And System Fund Contributions

$4M1%

Initial Fees

$158,0000%