First Watch Restaurant Group, Inc. Reports Q3 2024 Financial Results
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First Watch Restaurant Group, Inc. reported a 14.8% increase in total revenues for Q3 2024, with a net income of $2.1 million and an 18% growth in Adjusted EBITDA to $25.6 million. The company also opened 9 new system-wide restaurants across 8 states.
November 07, 2024 | 12:15 pm
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First Watch Restaurant Group, Inc. reported a strong Q3 2024 with a 14.8% increase in revenues, net income of $2.1 million, and an 18% growth in Adjusted EBITDA. The company also expanded by opening 9 new restaurants.
The significant increase in revenues and EBITDA, along with the expansion of new restaurants, indicates strong operational performance and growth potential, likely leading to a positive short-term impact on FWRG's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100