First Watch Restaurant Group, Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year of 2021
November 08, 2021 at 09:05 pm
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First Watch Restaurant Group, Inc. provided earnings guidance for the fourth quarter and full year of 2021. As the pace of job applications and hiring is improving, labor as a percentage of restaurant sales is expected to increase 100 to 150 basis points in the fourth fiscal quarter of 2021.
For the year, the company expects same-restaurant sales growth in the range of 31.5% to 33.5%.
First Watch Restaurant Group, Inc. is a daytime dining concept company. The Company is engaged in serving made-to-order breakfast, brunch and lunch using fresh ingredients. The Companyâs menu includes elevated executions of classic favorites along with its specialties, such as Quinoa Power Bowl, Farm Stand Breakfast Tacos, Avocado Toast, Chickichanga, Morning Meditation (juiced in-house daily), Spiked Lavender Lemonade and Million Dollar Bacon. The Company operates approximately 520 First Watch restaurants in 29 states. The Company uses a variety of marketing channels, including affiliate partnerships, social media interactions, digital marketing, direct mailers, public relations initiatives and local community sponsorships, email communications, promotions, and partnerships. It also owns the franchise-owned restaurant in Broken Arrow, Okla.
FIRST WATCH RESTAURANT GROUP, INC. 
