FWRG Q4 2023 Earnings — First Watch Restaurant Group, Inc. Revenue & Financial Results | Market Cap Arena

FWRGFirst Watch Restaurant Group, Inc.

$767M

Q4 2023 Earnings

Consumer Cyclical Restaurants

Income Statement

Revenue

$245M+31.7% YoY

Gross Profit

$50M20.6% margin

Operating Income

$7M2.8% margin

Net Income

$3M1.1% margin

EPS (Diluted)

$0.04

QoQ Revenue Growth

+11.6%

Cash Flow

Operating Cash Flow

$22M

Free Cash Flow

-$10M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$1.3B

Total Liabilities

$706M

Stockholders' Equity

$561M

Cash & Equivalents

$50M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$245M	$186M	+31.7%
Gross Profit	$50M	$33M	+52.4%
Operating Income	$7M	$1M	+363.5%
Net Income	$3M	-$486,000	+644.9%

Revenue Segments

Franchisor Owned Outlet

$241M49%

In-Restaurant Dining Sales

$197M40%

Third-Party Delivery Sales

$26M5%

Take-Out Sales

$19M4%

Franchise

$4M1%

Royalty And System Fund Contributions

$3M1%