First Watch Restaurant Group (First Watch Restaurant Group) Retained Earnings : $-65.5 Mil (As of Mar. 2024)

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What is First Watch Restaurant Group Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. First Watch Restaurant Group's retained earnings for the quarter that ended in Mar. 2024 was $-65.5 Mil.

First Watch Restaurant Group's quarterly retained earnings increased from Sep. 2023 ($-75.4 Mil) to Dec. 2023 ($-72.7 Mil) and increased from Dec. 2023 ($-72.7 Mil) to Mar. 2024 ($-65.5 Mil).

First Watch Restaurant Group's annual retained earnings increased from Dec. 2021 ($-105.0 Mil) to Dec. 2022 ($-98.1 Mil) and increased from Dec. 2022 ($-98.1 Mil) to Dec. 2023 ($-72.7 Mil).

First Watch Restaurant Group Retained Earnings Historical Data

The historical data trend for First Watch Restaurant Group's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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First Watch Restaurant Group Retained Earnings Chart

First Watch Restaurant Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

-53.25

-102.93

-105.04

-98.13

-72.75

First Watch Restaurant Group Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Retained Earnings	Get a 7-Day Free Trial												-88.77	-80.81	-75.40	-72.75	-65.53

First Watch Restaurant Group Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

First Watch Restaurant Group (NAS:FWRG) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

First Watch Restaurant Group (First Watch Restaurant Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » First Watch Restaurant Group Inc (NAS:FWRG) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

N/A

Address

8725 Pendery Place, Suite 201, Bradenton, FL, USA, 34201

Website

https://www.firstwatch.com

First Watch Restaurant Group Inc is a daytime restaurant concept serving made-to-order breakfast, brunch, and lunch using fresh ingredients. It generates revenues from Restaurant sales and Franchise revenues.

Executives

William A Kussell	director	C/O ADVENT INTERNATIONAL CORPORATION, 75 STATE STREET 29TH FLOOR, BOSTON MA 02109
Christopher Anthony Tomasso	director, officer: President and CEO	C/O FIRST WATCH RESTAURANT GROUP, INC., 8725 PENDERY PLACE, SUITE 201, BRADENTON FL 34201
Matthew Eisenacher	officer: Chief Brand Officer	8725 PENDERY PLACE, STE. 201, BRADENTON FL 34201
Irene Chang Britt	director	CAMPBELL SOUP COMPANY, ONE CAMPBELL PLACE, CAMDEN NJ 08103
Advent International Corp/ma	10 percent owner	800 BOYLSTON STREET SUITE 3300, BOSTON MA 02199
David Paresky	director	ADVENT INTERNATIONAL, PRUDENTIAL TOWER, 800 BOYLSTON STREET, BOSTON MA 02199
Tricia Glynn	director	C/O ADVENT INERNATIONAL CORPORATION, PRUDENTIAL TOWER, 800 BOYLSTON STREET, BOSTON MA 02199
Advent International Gp, Llc	10 percent owner	800 BOYLSTON STREET SUITE 3300, BOSTON MA 02199
Michael James White	director	C/O ADVENT INTERNATIONAL, PRUDENTIAL TOWER, 800 BOYLSTON STREET, BOSTON MA 02199
Advent Partners Gpe Vii-b Cayman Limited Partnership	10 percent owner	C/O ADVENT INTERNATIONAL CORPORATION, 75 STATE STREET, BOSTON MA 02109
Stephanie Lilak	director	C/O DUNKIN' BRANDS, INC., 130 ROYALL STREET, CANTON MA 02021
Hope H Melville Iii	officer: CFO and Treasurer	AFC ENTERPRISES INC, SIX CONCOURSE PKWY STE 1700, ATLANTA GA 30328-5352
Middleton Calum Alasdair Johnstone	officer: Chief Strategy Officer	C/O FIRST WATCH RESTAURANT GROUP, INC., 8725 PENDERY PLACE, SUITE 201, BRADENTON FL 34201
Gpe Viii Gp Limited Partnership	10 percent owner	C/O ADVENT INTERNATIONAL CORP., 75 STATE STREET, BOSTON MA 02109
Gpe Viii Gp S.a.r.l.	10 percent owner	CO ADVENT INTERNATIONAL, 800 BOYLSTON STREET, BOSTON MA 02199