First Watch Restaurant Shares Fall After Reporting Earnings That Missed Estimate

MT Newswires Live

08/04

First Watch Restaurant (FWRG) shares were down 4% in Tuesday trading after the company reported Q2 earnings per share that missed analysts expectations.

The company posted quarterly earnings of $0.04 per diluted share, compared with $0.03 a year earlier.

Analysts polled by FactSet expected $0.05.

Revenue for the quarter ended June 28 was $354.7 million, up from $307.9 million a year earlier.

Analysts surveyed by FactSet expected $351.6 million.

The company said it expects full-year total revenue growth between 12.5% to 14%, compared with 12% to 14% growth previously.

Price: 12.06, Change: -0.44, Percent Change: -3.52

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