First Watch Restaurant Group, Inc. Reports Preliminary Operational Results for the Thirteen Weeks Ended December 25, 2022 and Fiscal Year Ended December 25, 2022
January 09, 2023 at 11:35 am
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First Watch Restaurant Group, Inc. reported certain preliminary operational results for the thirteen weeks ended December 25, 2022 (ôfourth quarterö) and fiscal year ended December 25, 2022. For the thirteen weeks period, the company reports Same-Restaurant Sales Growth +7.7%, Same-Restaurant Sales Growth compared to 2019 +29.3%, Same-Restaurant Traffic Growth -0.6%, Same-Restaurant Traffic Growth compared to 2019 +5.2%.
For the year 2022, the company reports Same-Restaurant Sales Growth +14.5%, Same-Restaurant Sales Growth compared to 2019 +29.6%, Same-Restaurant Traffic Growth +7.7%, Same-Restaurant Traffic Growth compared to 2019 +6.5%.
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. Reports Preliminary Operational Results for the Thirteen Weeks Ended December 25, 2022 and Fiscal Year Ended December 25, 2022