First Watch Restaurant Group Missed Expectations

First Watch Restaurant Group (FWRG) reported a loss of $0.01 per share on revenue of $282.24 million for the first quarter ended March 2025. The consensus earnings estimate was $0.04 per share on revenue of $282.33 million. The Earnings Whisper number was $0.05 per share. The company missed expectations by 120.00% while revenue grew 16.41% on a year-over-year basis.

The company said it continues to expect 2025 revenue of approximately $1.22 billion. The current consensus revenue estimate is $1.21 billion for the year ending December 31, 2025.

First Watch is an award-winning Daytime Dining concept serving made-to-order breakfast, brunch and lunch using fresh ingredients.