First Watch Restaurant Group Inc
NASDAQ:FWRG
Income Statement
Earnings Waterfall
First Watch Restaurant Group Inc
Revenue
|
891.6m
USD
|
Cost of Revenue
|
-331.9m
USD
|
Gross Profit
|
559.7m
USD
|
Operating Expenses
|
-511.3m
USD
|
Operating Income
|
48.4m
USD
|
Other Expenses
|
-23m
USD
|
Net Income
|
25.4m
USD
|
Income Statement
First Watch Restaurant Group Inc
Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|
Revenue | ||||||||
Revenue |
678
N/A
|
707
+4%
|
730
+3%
|
769
+5%
|
800
+4%
|
833
+4%
|
892
+7%
|
|
Gross Profit | ||||||||
Cost of Revenue |
(263)
|
(277)
|
(287)
|
(299)
|
(305)
|
(313)
|
(332)
|
|
Gross Profit |
415
N/A
|
431
+4%
|
443
+3%
|
470
+6%
|
496
+6%
|
520
+5%
|
560
+8%
|
|
Operating Income | ||||||||
Operating Expenses |
(394)
|
(412)
|
(420)
|
(438)
|
(457)
|
(478)
|
(511)
|
|
Selling, General & Administrative |
(361)
|
(378)
|
(385)
|
(403)
|
(421)
|
(440)
|
(470)
|
|
Depreciation & Amortization |
(33)
|
(34)
|
(34)
|
(35)
|
(36)
|
(38)
|
(41)
|
|
Operating Income |
21
N/A
|
19
-13%
|
24
+27%
|
31
+34%
|
39
+23%
|
42
+9%
|
48
+15%
|
|
Pre-Tax Income | ||||||||
Interest Income Expense |
(10)
|
(5)
|
(5)
|
(6)
|
(7)
|
(7)
|
(8)
|
|
Non-Reccuring Items |
(2)
|
(4)
|
(7)
|
(7)
|
(8)
|
(6)
|
(7)
|
|
Total Other Income |
(2)
|
(2)
|
1
|
1
|
2
|
2
|
2
|
|
Pre-Tax Income |
7
N/A
|
8
+1%
|
13
+68%
|
20
+56%
|
26
+31%
|
31
+21%
|
36
+17%
|
|
Net Income | ||||||||
Tax Provision |
(4)
|
(5)
|
(6)
|
(8)
|
(9)
|
(9)
|
(11)
|
|
Income from Continuing Operations |
3
|
3
|
7
|
12
|
17
|
22
|
25
|
|
Net Income (Common) |
3
N/A
|
3
-24%
|
7
+165%
|
12
+68%
|
17
+46%
|
22
+32%
|
25
+14%
|
|
EPS (Diluted) |
0.05
N/A
|
0.04
-20%
|
0.11
+175%
|
0.19
+73%
|
0.27
+42%
|
0.36
+33%
|
0.41
+14%
|