Reports Q4 revenue $185.7M, consensus $187.25M. "First Watch delivered another impressive year in 2022, achieving a 21.5% increase in total revenues and same-restaurant sales and traffic growth of 14.5% and 7.7%, respectively, when compared to a strong 2021," said Chris Tomasso, First Watch CEO and President. "We’re off to an encouraging start to 2023, with same-restaurant sales and traffic growth of 15.7% and 8.5%, respectively through the first two periods of the quarter. 2023 also marks our 40th operating year and I’m not only proud of all First Watch has accomplished since we opened our doors in 1983, but optimistic about what we are poised to achieve."
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on FWRG:
- First Watch Restaurant Group, Inc. Reports Strong 2022 Financial Results and Provides 2023 Outlook
- First Watch Restaurant Group, Inc. to Report Fourth Quarter and Fiscal Year 2022 Financial Results on March 7, 2023
- First Watch Restaurant price target raised to $19 from $17 at Barclays
- First Watch Restaurant reports Q4 same-restaurant sales growth 7.7%
- First Watch Restaurant Group, Inc. Announces Preliminary Operational Metrics for the Fourth Quarter 2022 and Fiscal Year 2022
