First Watch Restaurant Raised FY23 Adjusted EBITDA Guidance To $89M-$92M (Prior View: $80M-$85M)
Portfolio Pulse from Benzinga Newsdesk
First Watch Restaurant Group, Inc. (NASDAQ:FWRG) has raised its FY23 Adjusted EBITDA guidance to $89M-$92M, up from the previous estimate of $80M-$85M. The company also expects FY23 total revenue growth to be in the range of 18% to 21%.
August 01, 2023 | 11:37 am
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First Watch Restaurant Group has increased its FY23 Adjusted EBITDA guidance and expects higher revenue growth. This could potentially lead to a positive market reaction.
First Watch's raised EBITDA guidance and expected revenue growth indicate a positive financial outlook for the company. This could potentially lead to increased investor confidence and a positive impact on the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100