FWRG Q4 2022 Earnings — First Watch Restaurant Group, Inc. Revenue & Financial Results | Market Cap Arena

FWRGFirst Watch Restaurant Group, Inc.

$767M

Q4 2022 Earnings

Consumer Cyclical Restaurants

Income Statement

Revenue

$186M+14.2% YoY

Gross Profit

$33M17.8% margin

Operating Income

$1M0.8% margin

Net Income

-$486,000-0.3% margin

EPS (Diluted)

$-0.01

QoQ Revenue Growth

-0.6%

Cash Flow

Operating Cash Flow

$16M

Free Cash Flow

-$1M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$1.1B

Total Liabilities

$581M

Stockholders' Equity

$523M

Cash & Equivalents

$50M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$186M	$163M	+14.2%
Gross Profit	$33M	$35M	-5.3%
Operating Income	$1M	-$1M	+238.6%
Net Income	-$486,000	-$5M	+89.6%

Revenue Segments

Franchisor Owned Outlet

$183M49%

In-Restaurant Dining Sales

$146M39%

Third-Party Delivery Sales

$21M6%

Take-Out Sales

$16M4%

Franchise

$3M1%

Royalty And System Fund Contributions

$3M1%

Initial Fees

$102,0000%