Loading...
Loading...
- First Watch Restaurant Group Inc FWRG reported fourth-quarter FY21 sales growth of 48.6% year-on-year, to $162.62 million, beating the consensus of $159.66 million.
- The same-restaurant sales grew 36.7%, and the same-restaurant traffic rose 31.9% versus last year.
- The loss from operations narrowed to $(1.1) million from $(4.7) million last year.
- Total operating costs and expenses rose 43.4% Y/Y to $163.7 million.
- Adjusted EBITDA jumped by 305.7% to $14.2 million, with an adjusted EBITDA margin of 8.7% versus 3.2% last year.
- Net loss for the quarter was $(4.7) million versus $(7.1) million last year. EPS loss of $(0.08) matched the Street view.
- Outlook: First Watch sees FY22 revenue growth of more than 15%, with same-restaurant sales growth in the high-single digits with continued positive traffic.
- The company expects FY22 adjusted EBITDA of $67 million - $71 million.
- Price Action: FWRG shares traded higher by 1.53% at $13.25 in premarket on the last check Wednesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in