First Watch Restaurant Group Sees Prelim. Q4 Same-Restaurant Sales Growth Up 5% YoY, Up 35.2 % From 2019
Portfolio Pulse from Benzinga Newsdesk
First Watch Restaurant Group reported preliminary Q4 same-restaurant sales growth of 5% year-over-year and a significant increase of 35.2% from 2019 levels.
January 08, 2024 | 12:22 pm
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First Watch Restaurant Group's preliminary Q4 report shows a 5% increase in same-restaurant sales YoY and a 35.2% rise from 2019, indicating strong performance and recovery.
The reported growth in same-restaurant sales for Q4 by First Watch Restaurant Group suggests a positive trend in the company's performance. A 5% year-over-year growth is a solid indicator of momentum, while the substantial 35.2% increase from 2019 highlights a strong recovery and potential market share gains. This news is likely to be viewed favorably by investors, potentially leading to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100