secwatch.observer — SEC 8-K summary
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Issuer:     First Watch Restaurant Group, Inc. (FWRG)
CIK:        0001789940
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001789940-24-000145
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Watch Q3 revenue +14.8% to $251.6M; Net income $2.1M; Adj. EBITDA $25.6M
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- Total revenues $251.6M (+14.8% YoY); system-wide sales $291.8M (+8.0%).
- Net income $2.1M ($0.03 diluted EPS) vs $5.4M ($0.09) YoY; Adj. EBITDA $25.6M (+18%).
- Same-restaurant sales -1.9%, traffic -4.4%; restaurant-level operating profit margin 18.9% (vs 18.7%).
- Opened 9 new system-wide restaurants in 8 states; total 547 locations (466 company-owned, 81 franchise).
- Hurricane Milton: no material Q4 same-restaurant impact; five openings delayed to January 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1789940/000178994024000145/0001789940-24-000145-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1789940/000178994024000145/fwrg-20241107.htm
  HTML page:      https://secwatch.observer/filing/0001789940-24-000145

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