Shares of First Watch Restaurant Group (FWRG) fell 26% in early trading Tuesday after the company reported a fiscal Q1 net loss of $0.01 per diluted share, swinging from a profit of $0.12 a year earlier.
Analysts surveyed by FactSet expected earnings of $0.03.
Revenue for the quarter ended March 30 was $282.2 million, compared with $242.4 million a year earlier.
Analysts surveyed by FactSet expected $283.3 million.
Price: 13.77, Change: -4.85, Percent Change: -26.03
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