First Watch Restaurant reports Q1 EPS 15c, consensus 8c

Reports Q1 revenue $211.4M, consensus $208.6M. "First Watch delivered yet another strong quarter. Most notably, we continued to differentiate ourselves by driving traffic share with disciplined operational execution as evidenced by our first quarter Restaurant-Level Operating Profit margin of 21.2% and Adjusted EBITDA of $27.4 million," said Chris Tomasso, First Watch CEO and President. "Despite an increasingly fragile consumer environment, our first quarter performance reaffirms my continued confidence in First Watch’s leadership position and our strong consumer value proposition."