FWRG Q2 2024 Earnings — First Watch Restaurant Group, Inc. Revenue & Financial Results | Market Cap Arena

FWRGFirst Watch Restaurant Group, Inc.

$767M

Q2 2024 Earnings

Consumer Cyclical Restaurants

Income Statement

Revenue

$259M+19.5% YoY

Gross Profit

$59M22.8% margin

Operating Income

$16M6.4% margin

Net Income

$9M3.4% margin

EPS (Diluted)

$0.14

QoQ Revenue Growth

+6.6%

Cash Flow

Operating Cash Flow

$32M

Free Cash Flow

$2M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$1.4B

Total Liabilities

$851M

Stockholders' Equity

$586M

Cash & Equivalents

$45M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$259M	$216M	+19.5%
Gross Profit	$59M	$48M	+22.7%
Operating Income	$16M	$11M	+45.0%
Net Income	$9M	$8M	+11.8%

Revenue Segments

Franchisor Owned Outlet

$255M49%

In-Restaurant Dining Sales

$211M41%

Third-Party Delivery Sales

$24M5%

Take-Out Sales

$20M4%

Franchise

$3M1%

Royalty And System Fund Contributions

$3M1%

Initial Fees

$60,0000%