First Watch Restaurant Group (FWRG) Revenue & Revenue Breakdown
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
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $891.55M | 22.10% |
| 2022-12-25 | $730.16M | 21.45% |
| 2021-12-26 | $601.19M | 75.59% |
| 2020-12-31 | $342.39M | -21.54% |
| 2019-12-31 | $436.37M | 24.76% |
| 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
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $258.56M | 6.65% |
| 2024-03-31 | $242.45M | -0.89% |
| 2023-12-31 | $244.63M | 11.60% |
| 2023-09-24 | $219.21M | 1.35% |
| 2023-06-25 | $216.30M | 2.31% |
| 2023-03-26 | $211.41M | 13.82% |
| 2022-12-25 | $185.75M | -0.59% |
| 2022-09-25 | $186.85M | 1.30% |
| 2022-06-26 | $184.45M | 6.55% |
| 2022-03-27 | $173.11M | 6.45% |
| 2021-12-26 | $162.62M | 3.29% |
| 2021-09-26 | $157.44M | 2.26% |
| 2021-06-30 | $153.96M | 21.07% |
| 2021-03-31 | $127.17M | 16.25% |
| 2020-12-31 | $109.39M | 9.67% |
| 2020-09-30 | $99.75M | 49.72% |
| 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/Service | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|
| 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 |
| Third-Party Delivery Sales | $91.43M | $82.05M | $70.49M |
| Franchise | $14.46M | $10.98M | $8.85M |
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/Service | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Sep 21 |
|---|---|---|---|---|---|---|---|---|---|---|
| Take-Out Sales | $18.17M | $18.69M | $16.79M | $16.80M | $16.43M | $15.94M | $16.38M | $17.01M | $16.75M | $16.54M |
| Franchise | $3.14M | $3.59M | $3.72M | $3.71M | $3.44M | $2.89M | $2.87M | $2.77M | $2.44M | $2.36M |
| Franchisor Owned Outlet | $239.31M | $241.04M | $215.50M | $212.59M | $207.97M | $182.85M | $183.98M | $181.68M | $170.67M | $155.08M |
| In-Restaurant Dining Sales | $195.20M | $196.68M | $176.70M | $174.35M | $169.23M | $145.83M | $147.49M | $144.84M | $132.89M | $123.31M |
| Initial Fees | $102.00K | - | $473.00K | $158.00K | $77.00K | $102.00K | $67.00K | $65.00K | $64.00K | $59.00K |
| Royalty And System Fund Contributions | $3.01M | $3.30M | $3.24M | $3.56M | $3.36M | $2.79M | $2.81M | $2.71M | $2.38M | $2.30M |
| Third-Party Delivery Sales | $25.93M | $25.67M | $22.01M | $21.44M | $22.31M | $21.09M | $20.11M | $19.83M | $21.03M | $15.23M |
First Watch Restaurant Group's latest quarterly revenue breakdown by segment (product or service), as of Mar 24: Franchisor Owned Outlet (49.36%), In-Restaurant Dining Sales (40.26%), Third-Party Delivery Sales (5.35%), Take-Out Sales (3.75%), Franchise (0.65%), Royalty And System Fund Contributions (0.62%), and Initial Fees (0.02%).
First Watch Restaurant Group Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| BLMN | Bloomin' Brands | $4.67B | $1.12B |
| EAT | Brinker | $4.42B | $1.12B |
| CAKE | Cheesecake Factory | $3.44B | $904.04M |
| PZZA | Papa John's | $2.14B | $507.89M |
| BJRI | BJ's Restaurants | $1.33B | $349.93M |
| FWRG | First Watch Restaurant Group | $891.55M | $258.56M |
| DIN | Dine Brands Global | $831.07M | $206.24M |
| DENN | Denny's | $463.92M | $115.93M |
| CHUY | Chuy'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 Franchisor Owned Outlet, In-Restaurant Dining Sales, Initial Fees, Royalty And System Fund Contributions, Take-Out Sales, Third-Party Delivery Sales, and Franchise. 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. 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.
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.