NASDAQ$FWRG

First Watch Restaurant Group Inc · Q1 2025 earnings

Q1 2025 earnings · · Before market open · Investor relations

Briefing

First Watch Restaurant Group reported Q1 2025, revenue of $282.2M, net loss of $829K, diluted EPS of $-0.01.

For Q1 2025, First Watch Restaurant Group reported revenue of $282.2M, a net loss of $829K, diluted EPS was $-0.01. Management discusses operating trends, capital, and sector risks in the quarterly filing.

  • Q1 2025 revenue $282.2M.
  • Net loss $829K.
  • Diluted EPS $-0.01.

Headline financials

Total Revenue

$282M

Previous: $242M+16.4%
EPS (adj)

-$0.01

Previous: $0.12-108.3%
Same-Restaurant Sales Growth

0.7%

No prior period
Same-Restaurant Traffic Growth

-0.7%

No prior period
Restaurant Level Operating Profit Margin

16.5%

Previous: 20.8%-20.7%
Adjusted EBITDA

$22.8M

Previous: $28.6M-20.4%
System-wide Restaurants

584

No prior period
Capital Expenditures

-$36.6M

Previous: -$28.6M-27.9%
Net Income

-$829K

Previous: $7.21M-111.5%
Operating Income

$1.11M

Previous: $12.3M-90.9%

Revenue & EPS history

First Watch · Revenue · Quarterly

$282M

Q1 2025+16.4%vs Q1 2024
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

First Watch · $211M total across 2 segments · Q1 2023

  • Restaurant Sales
    $208M+21.9%
  • Franchise Revenues
    $3.44M+40.7%

Forward guidance

Management discusses operational priorities, capital allocation, and sector risks in the quarterly filing.

Tailwinds

  • Execution on core operating metrics cited in MD&A.
  • Balance sheet liquidity and covenant headroom.
  • Strategic investments supporting long-term growth.

Headwinds

  • Macro demand and input-cost volatility.
  • Regulatory or competitive pressures in the sector.
  • One-time items affecting GAAP comparability.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

-0.9%

Avg return

Earnings day

-0.6%

Avg return

5 days after

-0.9%

Avg return

30 days after

39%

9 / 23 earnings

Positive

+15.5%

Q3 2024

Best reaction

-17.6%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.1%-0.7%-16.0%
Q4 2025-10.7%-19.6%-29.6%
Q3 2025-3.9%-3.0%-1.3%
Q1 2025-17.6%-15.3%-19.8%
Q4 2024-7.0%-8.9%-3.6%
Q3 2024+15.5%+7.1%+5.9%
Q2 2024+10.8%+13.7%+11.0%
Q1 2024-13.1%-16.7%-24.9%
Q4 2023-3.8%-1.8%-10.0%
Q3 2023-0.3%+1.2%+12.1%
Q2 2023+2.8%+3.3%+2.6%
Q1 2023+2.3%+1.3%+6.8%
Q4 2022-3.3%-5.2%-6.0%
Q3 2022-11.4%-3.9%-12.4%
Q2 2022-0.2%+1.9%+2.7%
Q2 2021-0.2%+1.9%+2.7%
Q1 2021+8.9%+19.6%+32.5%
Q1 2022+8.9%+19.6%+32.5%
Q4 2021-1.7%-3.3%-6.0%
Q4 2019-1.7%-3.3%-6.0%
Q3 2021+1.8%-0.3%+2.0%
Q4 2020+1.8%-0.3%+2.0%
Q3 2020+1.8%-0.3%+2.0%
Q2 2020
Q1 2020

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