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First Watch Restaurant sees FY23 revenue growth 15%-19%, consensus $849.74M
The Fly

First Watch Restaurant sees FY23 revenue growth 15%-19%, consensus $849.74M

Same-restaurant sales growth of 6.0% to 8.0% with continued positive same-restaurant traffic growth; Adjusted EBITDA in the range of $76.0 million to $81.0 million; Total of 45-51 new system-wide restaurants, net of 3 company-owned restaurant closures; Capital expenditures in the range of $100.0 million to $110.0 million invested primarily in new restaurant projects and planned remodels; Blended tax rate of 36.0% to 38.0%

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