Reports Q3 revenue $251.6M, consensus $256.28M. “We are pleased with our performance in Q3 as it reflects our teams’ superb restaurant-level operations, especially considering an uneven consumer backdrop. Traffic picked up through the quarter, our employee turnover once again improved and remains favorable relative to the industry as a whole and Adjusted EBITDA grew 18%,” said Chris Tomasso, First Watch CEO and President. “We are committed to ensuring our people and real estate pipelines are in place to support our growth to 2,200 locations.”
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FWRG:
- First Watch Reports Revenue Growth and Expansion Plans
- First Watch Restaurant price target lowered to $18 from $21 at Barclays
- First Watch Restaurant initiated with an Overweight at Stephens
- First Watch Restaurant says 77 of 85 restaurants reopened following Milton
- First Watch Restaurant price target lowered to $20 from $24 at Guggenheim