First Watch Restaurant Gr Q4 2023 GAAP EPS $0.040, Inline, Sales $244.633M Beat $237.527M Estimate
Portfolio Pulse from Benzinga Newsdesk
First Watch Restaurant Gr (FWRG) reported Q4 2023 earnings of $0.040 per share, meeting analyst estimates. Quarterly sales were $244.633M, surpassing the $237.527M estimate by 2.99% and marking a 31.70% increase from the previous year.
March 05, 2024 | 12:02 pm
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First Watch Restaurant Gr reported Q4 2023 earnings per share of $0.040, aligning with estimates, and sales of $244.633M, exceeding expectations by 2.99% and showing significant growth from the previous year.
Meeting earnings estimates and exceeding revenue forecasts, especially with a significant year-over-year growth, is likely to be viewed positively by investors. This performance indicates strong operational efficiency and market demand, potentially leading to a positive short-term impact on FWRG's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100