First Watch Restaurant Group, Inc. [Rocket]

Overview

First Watch Restaurant Group, Inc.

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Recent News + Filings (All items)

Date Filed	Type	Description
08/21/2023	8-K	Regulation FD Disclosure  Interactive Data
08/10/2023	3	Eisenacher Matthew (Chief Brand Officer) has filed a Form 3 on First Watch Restaurant Group, Inc.
08/02/2023	144	Form 144 - Report of proposed sale of securities:
08/01/2023	10-Q	Quarterly Report for the period ended June 25, 2023
08/01/2023	8-K	Quarterly results
07/21/2023	4	Form 4 - Statement of changes in beneficial ownership of securities:
07/21/2023	3	Form 3 - Initial statement of beneficial ownership of securities:

Revenue Mix by Segment

Financial Summary (All financials)

In millions, except per share items	Dec-25-22	Dec-26-21	Dec-27-20	Dec-29-19
Revenues	730.2	601.2	342.4	436.4
Revenue growth	21.5%	75.6%	-21.5%
Cost of goods sold	115.2	95.3	61.8	55.6
Gross profit	615.0	505.8	280.6	380.8
Gross margin	84.2%	84.1%	81.9%	87.3%
General and administrative	85.0	70.4	46.3	55.8
EBITA	19.1	23.6	-45.8	-1.9
EBITA margin	2.6%	3.9%	-13.4%	-0.4%
Amortization of intangibles	1.0	1.0	1.1	2.1
EBIT	18.1	22.6	-46.9	-4.0
EBIT margin	2.5%	3.8%	-13.7%	-0.9%
Pre-tax income	12.6	0.4	-69.6	-57.9
Income taxes	5.7	2.5	-19.9	-12.4
Tax rate	45.1%	669.5%	28.6%	21.5%
Net income	6.9	-2.1	-49.7	-45.4
Net margin	0.9%	-0.4%	-14.5%	-10.4%

Diluted EPS	$0.11	($0.04)	($1.10)	($1.01)
Shares outstanding (diluted)	60.1	48.2	45.0	45.0

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.