FWRGFirst Watch Restaurant Group, Inc.

$767M

Q3 2024 Earnings

Consumer Cyclical Restaurants

Income Statement

Revenue

$252M+14.8% YoY

Gross Profit

$50M19.7% margin

Operating Income

$6M2.5% margin

Net Income

$2M0.8% margin

EPS (Diluted)

$0.03

QoQ Revenue Growth

-2.7%

Cash Flow

Operating Cash Flow

$36M

Free Cash Flow

$7M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$1.5B

Total Liabilities

$896M

Stockholders' Equity

$589M

Cash & Equivalents

$51M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$252M	$219M	+14.8%
Gross Profit	$50M	$44M	+12.6%
Operating Income	$6M	$8M	-18.4%
Net Income	$2M	$5M	-61.0%

Revenue Segments

Franchisor Owned Outlet

$249M49%

In-Restaurant Dining Sales

$207M41%

Third-Party Delivery Sales

$22M4%

Take-Out Sales

$20M4%

Franchise

$3M1%

Royalty And System Fund Contributions

$3M1%

Initial Fees

$57,0000%

FWRG Q3 2024 Earnings — First Watch Restaurant Group, Inc. Revenue & Financial Results | Market Cap Arena