FWRG Earnings Prediction
The chart below shows how FWRG performed 10 days before and after its earnings report, based on data from the past quarters. Typically, FWRG sees a -3.24% change in stock price 10 days leading up to the earnings, and a -0.48% change 10 days following the report. On the earnings day itself, the stock moves by +0.52%. This data can give you a slight idea of what to expect for the next quarter's release.
FWRG Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
251.61M
14.78%
-2.69%
Gross Margin
56.32%
-2.31%
-3.35%
Operating Margin
3.09%
-24.63%
-54.69%
Net Margin
0.84%
-65.99%
-75.58%
EPS
0.03
-66.67%
-78.57%
No Data Available
FWRG Earnings Analysis
First Watch Restaurant Group, Inc. Common Stock Corporation (FWRG.O) Earnings Conference Call
Positive
Third Quarter Revenue Increase: Total third quarter revenues were $251.6 million, an increase of 14.8%.
Adjusted EBITDA Increase: We generated $25.6 million in adjusted EBITDA, a $4 million increase versus the $21.6 million reported last year.
Restaurant Expansion Plans: We opened over 30 restaurants this year, with plans to open 23 more in the fourth quarter.
EBITDA Margin Improvement: Our adjusted EBITDA margin was 10.2% versus 9.9% margin realized in the third quarter last year.
EBITDA Growth and Margin Improvement: We experienced a year-over-year growth in both adjusted EBITDA and adjusted EBITDA margin, reflecting improved restaurant-level operations.
Negative
Third Quarter Revenue Growth: Total third quarter revenues were $251.6 million, an increase of only 14.8%, indicating slower growth compared to previous quarters.
Restaurant Sales Decline: Same-restaurant sales declined by 1.9%, reflecting a decrease in customer traffic and overall performance.
Low Net Income Margin: The company experienced a net income of only $2.1 million, resulting in a net income margin of just 0.8%, which is significantly lower than industry standards.
Operating Expenses Increase: Operating expenses increased to $27.7 million, approximately $2.5 million higher than the prior year, primarily due to IT and other miscellaneous expenses.
Labor Expense Trends: Labor and other related expenses accounted for 33.6% of sales in the third quarter, showing a slight increase from 33.9% reported in the same period last year.
FWRG FAQs
How does FWRG typically perform around its earnings report dates?
Is First Watch Restaurant Group, Inc. (FWRG) Q3 2024 Earnings Conference Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
FWRG Earning Call Sentiment
First Watch Restaurant Group, Inc. (FWRG) Q3 2024 Earnings Conference Call Transcript
1.0x
00:00
00:00
FWRG.O
-1.98%Positive
The earnings call presents a mixed picture. While there are positive signs like improved customer experience, increased revenue, and positive in-restaurant traffic trends, there are concerns about labor challenges, negative same-restaurant sales, and lack of a shareholder return plan. The Q&A highlights uncertainties in consumer trends and vague management responses. Given the market cap, these mixed signals suggest a neutral stock price movement, with no strong catalysts for significant positive or negative changes in the short term.
