secwatch.observer — SEC 8-K summary
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Issuer:     First Watch Restaurant Group, Inc. (FWRG)
CIK:        0001789940
Form:       8-K
Filed at:   2023-03-07T23:59:59+00:00
Accession:  0001789940-23-000010
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Watch FY2022 revenue up 21.5% to $730.2M; same-restaurant sales +14.5%
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- FY2022 total revenues $730.2M (+21.5% YoY); net income $6.9M vs loss of $2.1M in 2021.
- FY2022 same-restaurant sales growth 14.5%, traffic growth 7.7%; 43 system-wide restaurants opened.
- Q4 2022 revenues $185.7M (+14.2%); same-restaurant sales +7.7%, traffic -0.6% vs Q4 2021.
- Adjusted EBITDA $69.3M in FY2022 vs $66.3M in FY2021; restaurant-level operating profit margin 17.9%.
- 2023 outlook: same-restaurant sales +15.7%, traffic +8.5% through first two periods of Q1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1789940/000178994023000010/0001789940-23-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1789940/000178994023000010/fwrg-20230307.htm
  HTML page:      https://secwatch.observer/filing/0001789940-23-000010

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