First Watch Restaurant Gr Q1 2024 GAAP EPS $0.12 Beats $0.10 Estimate, Sales $242.449M Miss $244.996M Estimate
Portfolio Pulse from Benzinga Newsdesk
First Watch Restaurant Gr (NASDAQ:FWRG) reported Q1 2024 earnings of $0.12 per share, beating estimates by 20% but showing a 20% decrease from the previous year. Sales were $242.449M, missing estimates by 1.04% but marking a 14.68% increase from the previous year.
May 07, 2024 | 11:04 am
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FWRG's Q1 2024 earnings surpassed estimates with $0.12/share, despite a 20% YOY decrease. Sales grew 14.68% YOY but slightly missed expectations.
The mixed results with an earnings beat but a slight miss on sales forecasts could lead to neutral market reaction. The earnings beat is positive, but the sales miss and the year-over-year decrease in earnings might temper investor enthusiasm.
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IMPORTANCE 90
RELEVANCE 100