First Watch Restaurant Group, Inc. Updates Earnings Guidance for the 52-Week Fiscal Year Ending December 29, 2024
May 07, 2024 at 04:35 pm IST
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First Watch Restaurant Group, Inc. updated earnings guidance for the 52-week fiscal year ending December 29, 2024. For the period, the company expects Same-restaurant sales growth in a range of flat-to-up 2.0% with same restaurant traffic growth in the negative low single digits. The company expects total revenue growth in the range of 17.0% to 19.0%.
First Watch Restaurant Group, Inc. is a daytime dining concept company. The Company is engaged in serving made-to-order breakfast, brunch and lunch using fresh ingredients. The Companyâs menu includes elevated executions of classic favorites along with its specialties, such as Quinoa Power Bowl, Farm Stand Breakfast Tacos, Avocado Toast, Chickichanga, Morning Meditation (juiced in-house daily), Spiked Lavender Lemonade and Million Dollar Bacon. The Company operates approximately 520 First Watch restaurants in 29 states. The Company uses a variety of marketing channels, including affiliate partnerships, social media interactions, digital marketing, direct mailers, public relations initiatives and local community sponsorships, email communications, promotions, and partnerships. It also owns the franchise-owned restaurant in Broken Arrow, Okla.
FIRST WATCH RESTAURANT GROUP, INC. 
