- Q1 2024 First Watch Restaurant Group Inc Earnings Call TranscriptMay 07, 2024$21.51 (-14.41%)Earnings
- Q4 2023 First Watch Restaurant Group Inc Earnings Call TranscriptMar 05, 2024$24.58 (-3.46%)Earnings
- Q3 2023 First Watch Restaurant Group Inc Earnings Call TranscriptNov 01, 2023$17.13 (+2.51%)Earnings
- Q2 2023 First Watch Restaurant Group Inc Earnings Call TranscriptAug 01, 2023$19.98 (+7.19%)Earnings
- First Watch Restaurant Group Inc at TD Cowen Future of the Consumer Conference TranscriptJun 07, 2023
- Q1 2023 First Watch Restaurant Group Inc Earnings Call TranscriptMay 02, 2023$17.36 (+4.01%)Earnings
- First Watch Restaurant Group Inc at Bank of America Consumer & Retail Conference TranscriptMar 15, 2023
- Q4 2022 First Watch Restaurant Group Inc Earnings Call TranscriptMar 07, 2023$15.84 (-1.68%)Earnings
- First Watch Restaurant Group Inc at Barclays Eat, Sleep, Play Conference TranscriptNov 30, 2022
- Q3 2022 First Watch Restaurant Group Inc Earnings Call TranscriptNov 07, 2022$14.86 (-8.16%)Earnings
- First Watch Restaurant Group Inc at Goldman Sachs Retail Conference TranscriptSep 08, 2022
- Q2 2022 First Watch Restaurant Group Inc Earnings Call TranscriptAug 09, 2022$16.82 (-4.76%)Earnings
- Q1 2022 First Watch Restaurant Group Inc Earnings Call TranscriptMay 10, 2022$13.43 (+12.95%)Earnings
- First Watch Restaurant Group Inc at Jefferies Winter Restaurant, Foodservice, Gaming, Lodging & Leisure Summit (Virtual) TranscriptJan 25, 2022
- First Watch Restaurant Group Inc at ICR Conference (Virtual) TranscriptJan 10, 2022
- Q3 2021 First Watch Restaurant Group Inc Earnings Call TranscriptNov 09, 2021$20.49 (-0.97%)Earnings
First Watch Restaurant Group Inc at ICR Conference (Virtual) Transcript
My name is Gregory Francfort. I'm the restaurant analyst at Guggenheim Securities. Before we dive in, I'm just going to read a quick (technical difficulty) uncertainty and the risk of the expectations and other forward-looking statements may not occur or be achieved. Please refer to First Watch's Safe Harbor language in its third-quarter earnings release for discussions of such risk factors.
Thank you, ICR, for the opportunity to host a great company, then exciting growth story. I'm going to give a quick preview of the managing and the concept. First Watch was founded in 1983 and operates in the daytime dining segment of the restaurant industry. It serves guests from 7 AM to 2:30 PM every day of the week. The brand has grown to 428 units in the US and units are generating $1.8 million in AUVs with very solid 19% to 20% restaurant-level margins, which equates to 40%-plus cash and cash returns.
CEO Chris Tomasso joined the Company in 2006 from Cracker Barrel, where he ran the marketing side of the business. And CFO Mel Hope joined in 2018
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