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First Watch Restaurant Group (FWRG) Revenue & Revenue Breakdown

OverviewForecastOwnershipFinancialsChartTranscripts

First Watch Restaurant Group Revenue Highlights

Latest Revenue (Y)

$891.55M

Latest Revenue (Q)

$258.56M

Main Segment (Y)

Franchisor Owned Outlet

First Watch Restaurant Group Revenue by Period

First Watch Restaurant Group Revenue by Year

DateRevenueChange
2023-12-31$891.55M22.10%
2022-12-25$730.16M21.45%
2021-12-26$601.19M75.59%
2020-12-31$342.39M-21.54%
2019-12-31$436.37M24.76%
2018-12-30$349.77M-

First Watch Restaurant Group generated $891.55M in revenue during NA 2023, up 22.10% compared to the previous quarter, and up 254.90% compared to the same period a year ago.

First Watch Restaurant Group Revenue by Quarter

DateRevenueChange
2024-06-30$258.56M6.65%
2024-03-31$242.45M-0.89%
2023-12-31$244.63M11.60%
2023-09-24$219.21M1.35%
2023-06-25$216.30M2.31%
2023-03-26$211.41M13.82%
2022-12-25$185.75M-0.59%
2022-09-25$186.85M1.30%
2022-06-26$184.45M6.55%
2022-03-27$173.11M6.45%
2021-12-26$162.62M3.29%
2021-09-26$157.44M2.26%
2021-06-30$153.96M21.07%
2021-03-31$127.17M16.25%
2020-12-31$109.39M9.67%
2020-09-30$99.75M49.72%
2020-06-28$66.62M-
2020-03-28$66.62M-

First Watch Restaurant Group generated $258.56M in revenue during Q2 2024, up 6.65% compared to the previous quarter, and up 122.31% compared to the same period a year ago.

First Watch Restaurant Group Revenue Breakdown

First Watch Restaurant Group Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22Dec 21
Third-Party Delivery Sales$91.43M$82.05M$70.49M
Franchise$14.46M$10.98M$8.85M
Franchisor Owned Outlet$877.09M$719.18M$592.34M
In-Restaurant Dining Sales$716.96M$571.05M$452.99M
Initial Fees$388.00K$298.00K$275.00K
Royalty And System Fund Contributions$13.46M$10.68M$8.57M
Take-Out Sales$68.70M$66.08M$68.87M

First Watch Restaurant Group's latest annual revenue breakdown by segment (product or service), as of Dec 23: Franchisor Owned Outlet (49.21%), In-Restaurant Dining Sales (40.22%), Third-Party Delivery Sales (5.13%), Take-Out Sales (3.85%), Franchise (0.81%), Royalty And System Fund Contributions (0.76%), and Initial Fees (0.02%).

Quarterly Revenue by Product

Product/ServiceSep 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Sep 21
Franchise$2.64M$3.14M$3.59M$3.72M$3.71M$3.44M$2.89M$2.87M$2.77M$2.44M$2.36M
Third-Party Delivery Sales$22.37M$25.93M$25.67M$22.01M$21.44M$22.31M$21.09M$20.11M$19.83M$21.03M$15.23M
Take-Out Sales$19.55M$18.17M$18.69M$16.79M$16.80M$16.43M$15.94M$16.38M$17.01M$16.75M$16.54M
Royalty And System Fund Contributions$2.59M$3.01M$3.30M$3.24M$3.56M$3.36M$2.79M$2.81M$2.71M$2.38M$2.30M
Initial Fees$57.00K$102.00K-$473.00K$158.00K$77.00K$102.00K$67.00K$65.00K$64.00K$59.00K
In-Restaurant Dining Sales$207.05M$195.20M$196.68M$176.70M$174.35M$169.23M$145.83M$147.49M$144.84M$132.89M$123.31M
Franchisor Owned Outlet$248.97M$239.31M$241.04M$215.50M$212.59M$207.97M$182.85M$183.98M$181.68M$170.67M$155.08M

First Watch Restaurant Group's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Franchisor Owned Outlet (49.47%), In-Restaurant Dining Sales (41.14%), Third-Party Delivery Sales (4.45%), Take-Out Sales (3.88%), Franchise (0.53%), Royalty And System Fund Contributions (0.51%), and Initial Fees (0.01%).

First Watch Restaurant Group Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
BLMNBloomin' Brands$4.67B$1.04B
EATBrinker$4.42B$1.14B
CAKECheesecake Factory$3.44B$865.47M
PZZAPapa John's$2.14B$507.89M
BJRIBJ's Restaurants$1.33B$325.70M
FWRGFirst Watch Restaurant Group$891.55M$258.56M
DINDine Brands Global$831.07M$166.35M
DENNDenny's$463.92M$111.76M
CHUYChuy's$461.31M$119.80M

FWRG Revenue FAQ

What is First Watch Restaurant Group’s yearly revenue?

First Watch Restaurant Group's yearly revenue for 2023 was $891.55M, representing an increase of 22.10% compared to 2022. The company's yearly revenue for 2022 was $730.16M, representing an increase of 21.45% compared to 2021. FWRG's yearly revenue for 2021 was $601.19M, representing an increase of 75.59% compared to 2020.

What is First Watch Restaurant Group’s quarterly revenue?

First Watch Restaurant Group's quarterly revenue for Q2 2024 was $258.56M, a 6.65% increase from the previous quarter (Q1 2024), and a 19.54% increase year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $242.45M, a -0.89% decrease from the previous quarter (Q4 2023), and a 14.68% increase year-over-year (Q1 2023). FWRG's quarterly revenue for Q4 2023 was $244.63M, a 11.60% increase from the previous quarter (Q3 2023), and a 31.70% increase year-over-year (Q4 2022).

What is First Watch Restaurant Group’s revenue growth rate?

First Watch Restaurant Group's revenue growth rate for the last 3 years (2021-2023) was 48.30%, and for the last 5 years (2019-2023) was 104.31%.

What are First Watch Restaurant Group’s revenue streams?

First Watch Restaurant Group's revenue streams in c 23 are Third-Party Delivery Sales, Franchise, Franchisor Owned Outlet, In-Restaurant Dining Sales, Initial Fees, Royalty And System Fund Contributions, and Take-Out Sales. Third-Party Delivery Sales generated $91.43M in revenue, accounting 5.13% of the company's total revenue, up 11.44% year-over-year. Franchise generated $14.46M in revenue, accounting 0.81% of the company's total revenue, up 31.67% year-over-year. Franchisor Owned Outlet generated $877.09M in revenue, accounting 49.21% of the company's total revenue, up 21.96% year-over-year. In-Restaurant Dining Sales generated $716.96M in revenue, accounting 40.22% of the company's total revenue, up 25.55% year-over-year. Initial Fees generated $388K in revenue, accounting 0.02% of the company's total revenue, up 30.20% year-over-year. Royalty And System Fund Contributions generated $13.46M in revenue, accounting 0.76% of the company's total revenue, up 26.03% year-over-year. Take-Out Sales generated $68.7M in revenue, accounting 3.85% of the company's total revenue, up 3.96% year-over-year.

What is First Watch Restaurant Group’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of First Watch Restaurant Group was Franchisor Owned Outlet. This segment made a revenue of $877.09M, representing 49.21% of the company's total revenue.