First Watch Restaurant Group Sees FY23 Same-Restaurant Sales Growth 7%-8%; Revenue Growth 20%-21%; Adj. EBITDA $91M-$92M
Portfolio Pulse from Benzinga Newsdesk
First Watch Restaurant Group (FWRG) projects FY23 same-restaurant sales growth of 7%-8%, revenue growth of 20%-21%, and adjusted EBITDA of $91M-$92M.
November 01, 2023 | 12:32 pm
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POSITIVE IMPACT
First Watch Restaurant Group expects significant growth in FY23, with same-restaurant sales growth of 7%-8%, revenue growth of 20%-21%, and adjusted EBITDA of $91M-$92M.
The company's projected growth in sales, revenue, and EBITDA for FY23 indicates a positive outlook for the company's performance. This could potentially attract investors, driving up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100