FWRG Q3 2021 Earnings — First Watch Restaurant Group, Inc. Revenue & Financial Results | Market Cap Arena

FWRGFirst Watch Restaurant Group, Inc.

$743M

Q3 2021 Earnings

Consumer Cyclical Restaurants

Income Statement

Revenue

$157M+57.8% YoY

Gross Profit

$33M20.7% margin

Operating Income

$7M4.5% margin

Net Income

$783,0000.5% margin

EPS (Diluted)

$0.01

QoQ Revenue Growth

+2.3%

Cash Flow

Operating Cash Flow

$14M

Free Cash Flow

$6M

Stock-Based Comp.

$430,000

Balance Sheet

Total Assets

$1.0B

Total Liabilities

$715M

Stockholders' Equity

$324M

Cash & Equivalents

$52M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$157M	$100M	+57.8%
Gross Profit	$33M	$11M	+208.3%
Operating Income	$7M	-$9M	+183.0%
Net Income	$783,000	-$11M	+107.0%

Revenue Segments

Franchisor Owned Outlet

$155M49%

In-Restaurant Dining Sales

$123M39%

Take-Out Sales

$17M5%

Third-Party Delivery Sales

$15M5%

Franchise

$2M1%

Royalty And System Fund Contributions

$2M1%

Initial Fees

$59,0000%