First Watch Restaurant Confirms FY24 Total Revenue Growth Of 17.0% To 19.0%
Portfolio Pulse from Benzinga Newsdesk
First Watch Restaurant confirms its FY24 total revenue growth of 17.0% to 19.0%, with adjusted EBITDA expected to be between $106.0 million and $112.0 million. The company plans capital expenditures of $125.0 million to $135.0 million, primarily for new restaurant projects and remodels.
August 06, 2024 | 11:43 am
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First Watch Restaurant confirms its FY24 total revenue growth of 17.0% to 19.0%, with adjusted EBITDA expected to be between $106.0 million and $112.0 million. The company plans capital expenditures of $125.0 million to $135.0 million, primarily for new restaurant projects and remodels.
The confirmation of strong revenue growth and a clear range for adjusted EBITDA provides positive guidance for investors. The planned capital expenditures indicate ongoing expansion and improvements, which are likely to be viewed favorably by the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100