FWRG Q3 2023 Earnings — First Watch Restaurant Group, Inc. Revenue & Financial Results | Market Cap Arena

FWRGFirst Watch Restaurant Group, Inc.

$767M

Q3 2023 Earnings

Consumer Cyclical Restaurants

Income Statement

Revenue

$219M+17.3% YoY

Gross Profit

$44M20.1% margin

Operating Income

$8M3.5% margin

Net Income

$5M2.5% margin

EPS (Diluted)

$0.09

QoQ Revenue Growth

+1.3%

Cash Flow

Operating Cash Flow

$17M

Free Cash Flow

-$6M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$1.2B

Total Liabilities

$649M

Stockholders' Equity

$557M

Cash & Equivalents

$40M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$219M	$187M	+17.3%
Gross Profit	$44M	$35M	+26.9%
Operating Income	$8M	$3M	+195.2%
Net Income	$5M	$46,000	+11678.3%

Revenue Segments

Franchisor Owned Outlet

$215M49%

In-Restaurant Dining Sales

$177M40%

Third-Party Delivery Sales

$22M5%

Take-Out Sales

$17M4%

Franchise

$4M1%

Royalty And System Fund Contributions

$3M1%

Initial Fees

$473,0000%