FWRGFirst Watch Restaurant Group, Inc.

$767M

Q4 2021 Earnings

Consumer Cyclical Restaurants

Income Statement

Revenue

$163M+48.7% YoY

Gross Profit

$35M21.5% margin

Operating Income

-$1M-0.7% margin

Net Income

-$5M-2.9% margin

EPS (Diluted)

$-0.08

QoQ Revenue Growth

+3.3%

Cash Flow

Operating Cash Flow

$19M

Free Cash Flow

$10M

Stock-Based Comp.

$8M

Balance Sheet

Total Assets

$1.0B

Total Liabilities

$542M

Stockholders' Equity

$504M

Cash & Equivalents

$52M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$163M	$109M	+48.7%
Gross Profit	$35M	$16M	+124.8%
Operating Income	-$1M	-$5M	+77.4%
Net Income	-$5M	-$7M	+34.6%

Revenue Segments

Franchisor Owned Outlet

$437M49%

In-Restaurant Dining Sales

$330M37%

Third-Party Delivery Sales

$55M6%

Take-Out Sales

$52M6%

Franchise

$6M1%

Royalty And System Fund Contributions

$6M1%

Initial Fees

$216,0000%

FWRG Q4 2021 Earnings — First Watch Restaurant Group, Inc. Revenue & Financial Results | Market Cap Arena