When did First Watch Restaurant Group, Inc. report Q4 2024 earnings?

First Watch Restaurant Group, Inc. (FWRG) reported Q4 2024 earnings on March 11, 2025 before market open.

What were First Watch Restaurant Group, Inc.'s Q4 2024 revenue and EPS?

First Watch Restaurant Group, Inc. reported revenue of $263.3M and eps of $0.01 for Q4 2024.

Did First Watch Restaurant Group, Inc. beat estimates in Q4 2024?

Revenue missed the consensus estimate of $284.1M by $20.8M. EPS missed the consensus estimate of $0.02 by $0.01.

Where can I find First Watch Restaurant Group, Inc.'s Q4 2024 SEC filings?

You can read the 10-K periodic report (0001789940-25-000010) directly on SEC EDGAR. The filing index links above go to sec.gov.

First Watch Restaurant Group, Inc. FWRG Q4 2024 Annual earnings

Reported March 11, 2025 · Before market open

Revenue$263.3MMiss by $20.8M

EPS$0.01Miss by $0.01

Revenue estimate$284.1M

EPS estimate$0.02

Next report

Aug 4, 2026 (In 6 days)

Revenue estimate$351.6M

EPS estimate$0.06

Financials

Q4 2024

Income statement

See full

Revenue$263.3M+7.6%

Operating income$3.9M-43.7%

Net income$699.0K-97.2%

EPS (diluted)$0.01-75.0%

Balance sheet

See full

Cash & equivalents$33.3M-32.9%

Total debt$803.1M+33.3%

Total equity$595.4M+6.1%

Total assets$1.5B+19.5%

Cash flow

See full

Operating cash flow$22.9M+2.8%

CapEx$40.6M+33.0%

Free cash flow-$17.7M—

Valuation & ratios

Valuation

as of 12/29/24

See full

Market cap$1.13B-6.3%

Enterprise value$1.9B+8.1%

P/E59.6×+34.6×

P/S1.1×-0.2×

Profitability

See full

Operating margin3.8%-0.8pp

Net margin1.9%-3.5pp

Returns & leverage

See full

Return on equity3.3%-5.6pp

Debt / equity1.3×+0.3×

Current ratio0.4×-0.2×

Segments

By product

See full

In-restaurant dining sales$215.6M+9.6%

Third-party delivery sales$24.8M-3.5%

Take-out sales$20.2M+8.3%

Royalty and system fund contributions$2.6M-21.1%

Initial fees$59.0K-27.2%

By segment

See full

Reportable Segment$263.3M+18.1%

Versus estimates

Revenue

Q1 2026$331.0MBeat by $1.6M Q4 2025$316.4MIn line Q3 2025$316.0MMiss by $1.5M Q2 2025$307.9MBeat by $1.7M Q1 2025$282.2MMiss by $24.9M

Q4 2024$263.3MMiss by $20.8M

Diluted EPS

Q1 2026-$0.04Miss by $0.02 Q4 2025$0.24Beat by $0.16 Q3 2025$0.05Miss by $0.03 Q2 2025$0.03Miss by $0.04 Q1 2025-$0.01Miss by $0.05

Q4 2024$0.01Miss by $0.01

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Questions, answered.

When did First Watch Restaurant Group, Inc. report Q4 2024 earnings?: First Watch Restaurant Group, Inc. (FWRG) reported Q4 2024 earnings on March 11, 2025 before market open.
What were First Watch Restaurant Group, Inc.'s Q4 2024 revenue and EPS?: First Watch Restaurant Group, Inc. reported revenue of $263.3M and eps of $0.01 for Q4 2024.
Did First Watch Restaurant Group, Inc. beat estimates in Q4 2024?: Revenue missed the consensus estimate of $284.1M by $20.8M. EPS missed the consensus estimate of $0.02 by $0.01.
Where can I find First Watch Restaurant Group, Inc.'s Q4 2024 SEC filings?: You can read the 10-K periodic report (0001789940-25-000010) directly on SEC EDGAR. The filing index links above go to sec.gov.