NASDAQ$FWRG

First Watch Restaurant Group Inc · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

First Watch Restaurant Group reported Q4 2024 revenue of $263.3M, net income of $18.9M.

For Q4 2024, First Watch Restaurant Group reported Revenue was $263.3M, net income was $18.9M. Management discusses segment trends, liquidity, and outlook in the quarterly filing.

  • Revenue $263.3M for Q4 2024.
  • Net income $18.9M.
  • MD&A highlights operating priorities, liquidity, and sector risks.

Headline financials

Total Revenue

$263M

Previous: $245M+7.6%
EPS (adj)

$0.01

Previous: $0.04-75.0%
Capital Expenditures

-$40.7M

Previous: -$31.8M-27.8%
Free Cash Flow

-$17.8M

No prior period
Net Income

$18.9M

Previous: $2.6M+627.9%
Operating Income

$3.86M

Previous: $6.9M-44.0%
Gross Profit

$35.6M

Previous: $50.4M-29.4%

Revenue & EPS history

First Watch · Revenue · Quarterly

$263M

Q4 2024+7.6%vs Q4 2023
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

The filing discusses operating priorities, capital returns, and sector demand trends.

Tailwinds

  • Management outlines strategic priorities and cost actions.
  • Segment commentary supports the earnings narrative.

Headwinds

  • Macro, rates, or input costs may pressure margins.
  • One-time items can affect year-over-year 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 Q4 2024

Historical avgQ4 2024

-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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