Shares of breakfast restaurant chain First Watch Restaurant Group (NASDAQ:FWRG)
fell 19.4% in the afternoon session after the company reported weak first quarter 2025 results which featured a significant miss on full-year EBITDA guidance and EBITDA that fell short of Wall Street's estimates. While revenue grew 16% and met estimates, same-restaurant sales barely rose, and traffic actually declined slightly, underscoring a more cautious consumer and softer in-store trends. Overall, this was a weaker quarter.
Breakfast restaurant chain First Watch Restaurant Group (NASDAQ:FWRG) met Wall Street’s revenue expectations in Q1 CY2025, with sales up 16.4% year on year to $282.2 million. Its GAAP loss of $0.01 per share was significantly below analysts’ consensus estimates.
Breakfast restaurant chain First Watch Restaurant Group (NASDAQ:FWRG)
will be reporting results tomorrow before market hours. Here’s what investors should know.
Even during a down period for the markets, First Watch has gone against the grain, climbing to $17.34. Its shares have yielded a 23.9% return over the last six months, beating the S&P 500 by 33.7%. This was partly thanks to its solid quarterly results, and the performance may have investors wondering how to approach the situation.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how sit-down dining stocks fared in Q4, starting with Cracker Barrel (NASDAQ:CBRL).
As the Q4 earnings season wraps, let’s dig into this quarter’s best and worst performers in the sit-down dining industry, including The Cheesecake Factory (NASDAQ:CAKE) and its peers.
Shares of breakfast restaurant chain First Watch Restaurant Group (NASDAQ:FWRG)
jumped 7.7% in the morning session after TD Cowen upgraded the stock's rating from Hold to Buy and assigned a price target of $22, which implied a potential 20% upside. The firm anticipated improvements in same-store sales due to "more effective" marketing. This upgrade suggested that TD Cowen felt there was a decent possibility of an upward surprise to FWRG's growth projection, which could translate to improved investor sentiment.
Looking back on sit-down dining stocks’ Q4 earnings, we examine this quarter’s best and worst performers, including Brinker International (NYSE:EAT) and its peers.
Earnings results often indicate what direction a company will take in the months ahead. With Q4 behind us, let’s have a look at First Watch (NASDAQ:FWRG) and its peers.
Shares of breakfast restaurant chain First Watch Restaurant Group (NASDAQ:FWRG)
fell 4.7% in the afternoon session after the company delivered mixed fourth-quarter results: EPS fell short, and full-year EBITDA guidance came in slightly below Wall Street estimates.
Breakfast restaurant chain First Watch Restaurant Group (NASDAQ:FWRG) met Wall Street’s revenue expectations in Q4 CY2024, with sales up 7.6% year on year to $263.3 million. Its GAAP profit of $0.01 per share was in line with analysts’ consensus estimates.
