FWRG Q3 2022 Earnings — First Watch Restaurant Group, Inc. Revenue & Financial Results | Market Cap Arena

FWRGFirst Watch Restaurant Group, Inc.

$767M

Q3 2022 Earnings

Consumer Cyclical Restaurants

Income Statement

Revenue

$187M+18.7% YoY

Gross Profit

$35M18.6% margin

Operating Income

$3M1.4% margin

Net Income

$46,0000.0% margin

EPS (Diluted)

$0.00

QoQ Revenue Growth

+1.3%

Cash Flow

Operating Cash Flow

$15M

Free Cash Flow

-$4M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$1.1B

Total Liabilities

$570M

Stockholders' Equity

$520M

Cash & Equivalents

$49M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$187M	$157M	+18.7%
Gross Profit	$35M	$33M	+6.6%
Operating Income	$3M	$7M	-63.4%
Net Income	$46,000	$783,000	-94.1%

Revenue Segments

Franchisor Owned Outlet

$184M49%

In-Restaurant Dining Sales

$147M39%

Third-Party Delivery Sales

$20M5%

Take-Out Sales

$16M4%

Franchise

$3M1%

Royalty And System Fund Contributions

$3M1%

Initial Fees

$67,0000%