First Watch Restaurant Group Past Earnings Performance
Past criteria checks 1/6
First Watch Restaurant Group has been growing earnings at an average annual rate of 68.9%, while the Hospitality industry saw earnings growing at 30.7% annually. Revenues have been growing at an average rate of 20.5% per year. First Watch Restaurant Group's return on equity is 0.7%, and it has net margins of 0.4%.
Key information
68.89%
Earnings growth rate
72.52%
EPS growth rate
| Hospitality Industry Growth | 19.52% |
| Revenue growth rate | 20.50% |
| Return on equity | 0.68% |
| Net Margin | 0.37% |
| Last Earnings Update | 29 Jun 2025 |
Recent past performance updates
Recent updates
First Watch Restaurant: Brunch Boom, Earnings On The Side
Aug 09First Watch Restaurant Group (NASDAQ:FWRG) Is Looking To Continue Growing Its Returns On Capital
Jul 31
Here's Why First Watch Restaurant Group (NASDAQ:FWRG) Is Weighed Down By Its Debt Load
Jul 04Market Cool On First Watch Restaurant Group, Inc.'s (NASDAQ:FWRG) Revenues
Jun 13First Watch Restaurant Group, Inc. Just Reported A Surprise Loss: Here's What Analysts Think Will Happen Next
May 09Calculating The Fair Value Of First Watch Restaurant Group, Inc. (NASDAQ:FWRG)
May 07First Watch Restaurant Group (NASDAQ:FWRG) Shareholders Will Want The ROCE Trajectory To Continue
Apr 19Is First Watch Restaurant Group (NASDAQ:FWRG) Using Too Much Debt?
Apr 03First Watch Restaurant: Why Daytime Meals Aren't My Bet For Q1
Mar 16Is It Too Late To Consider Buying First Watch Restaurant Group, Inc. (NASDAQ:FWRG)?
Mar 12Why Investors Shouldn't Be Surprised By First Watch Restaurant Group, Inc.'s (NASDAQ:FWRG) 25% Share Price Surge
Feb 19First Watch Restaurant: A Dull Morning In Q4 Overshadowed By Other Family Dining Competitors
Jan 21When Should You Buy First Watch Restaurant Group, Inc. (NASDAQ:FWRG)?
Dec 11First Watch Restaurant: Between Hurricanes And Acquisitions, The Sun Shines
Nov 18Market Participants Recognise First Watch Restaurant Group, Inc.'s (NASDAQ:FWRG) Earnings Pushing Shares 53% Higher
Nov 12Investors Will Want First Watch Restaurant Group's (NASDAQ:FWRG) Growth In ROCE To Persist
Oct 18
Tech-Driven Efficiency And Expansion Fuel Restaurant Chain's Robust Growth Outlook
Implementation of technology and analytics is poised to enhance operational efficiency and improve customer engagement, impacting revenue growth positively.First Watch Restaurant: A Non-Traditional Recipe For Dealing With Traffic
Sep 14Why We're Not Concerned About First Watch Restaurant Group, Inc.'s (NASDAQ:FWRG) Share Price
Sep 04Is It Too Late To Consider Buying First Watch Restaurant Group, Inc. (NASDAQ:FWRG)?
Aug 09First Watch Restaurant: The Price For Maintaining Pricing
Jul 03First Watch Restaurant Group (NASDAQ:FWRG) Shareholders Will Want The ROCE Trajectory To Continue
Jul 02First Watch Restaurant Group's (NASDAQ:FWRG) Earnings May Just Be The Starting Point
May 21These 4 Measures Indicate That First Watch Restaurant Group (NASDAQ:FWRG) Is Using Debt Reasonably Well
May 10First Watch Restaurant: Traffic Slowdown Doesn't Disturb The Growth Story
May 09First Watch Restaurant Group, Inc.'s (NASDAQ:FWRG) Share Price Matching Investor Opinion
Apr 25Is There Now An Opportunity In First Watch Restaurant Group, Inc. (NASDAQ:FWRG)?
Apr 02The Return Trends At First Watch Restaurant Group (NASDAQ:FWRG) Look Promising
Feb 28First Watch: Great Restaurant Concept, But An Equal Valuation
Feb 21We Ran A Stock Scan For Earnings Growth And First Watch Restaurant Group (NASDAQ:FWRG) Passed With Ease
Jan 23Investors Holding Back On First Watch Restaurant Group, Inc. (NASDAQ:FWRG)
Dec 23When Should You Buy First Watch Restaurant Group, Inc. (NASDAQ:FWRG)?
Dec 03Here's Why We Think First Watch Restaurant Group (NASDAQ:FWRG) Is Well Worth Watching
Oct 13The Return Trends At First Watch Restaurant Group (NASDAQ:FWRG) Look Promising
Aug 24Revenue & Expenses Breakdown
How First Watch Restaurant Group makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 29 Jun 25 | 1,105 | 4 | 131 | 0 |
| 30 Mar 25 | 1,056 | 11 | 124 | 0 |
| 29 Dec 24 | 1,016 | 19 | 121 | 0 |
| 29 Sep 24 | 997 | 21 | 119 | 0 |
| 30 Jun 24 | 965 | 24 | 116 | 0 |
| 31 Mar 24 | 923 | 23 | 114 | 0 |
| 31 Dec 23 | 892 | 25 | 108 | 0 |
| 24 Sep 23 | 833 | 22 | 100 | 0 |
| 25 Jun 23 | 800 | 17 | 96 | 0 |
| 26 Mar 23 | 768 | 12 | 94 | 0 |
| 25 Dec 22 | 730 | 7 | 88 | 0 |
| 25 Sep 22 | 707 | 3 | 88 | 0 |
| 26 Jun 22 | 678 | 3 | 82 | 0 |
| 27 Mar 22 | 647 | 5 | 75 | 0 |
| 26 Dec 21 | 601 | -2 | 68 | 0 |
| 26 Sep 21 | 548 | -5 | 63 | 0 |
| 27 Jun 21 | 490 | -16 | 57 | 0 |
| 28 Mar 21 | 403 | -36 | 51 | 0 |
| 27 Dec 20 | 342 | -50 | 50 | 0 |
| 29 Dec 19 | 436 | -45 | 61 | 0 |
| 30 Dec 18 | 350 | -12 | 38 | 0 |
Quality Earnings: FWRG has a large one-off loss of $7.3M impacting its last 12 months of financial results to 29th June, 2025.
Growing Profit Margin: FWRG's current net profit margins (0.4%) are lower than last year (2.5%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: FWRG has become profitable over the past 5 years, growing earnings by 68.9% per year.
Accelerating Growth: FWRG's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: FWRG had negative earnings growth (-83.1%) over the past year, making it difficult to compare to the Hospitality industry average (10.6%).
Return on Equity
High ROE: FWRG's Return on Equity (0.7%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/10/01 16:13 |
| End of Day Share Price | 2025/10/01 00:00 |
| Earnings | 2025/06/29 |
| Annual Earnings | 2024/12/29 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
First Watch Restaurant Group, Inc. is covered by 13 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jeffrey Bernstein | Barclays |
| Jeffrey Bernstein | Barclays |
| Todd Brooks | Benchmark Company |