First Watch Restaurant Group, Inc. Reports Operating Results for the Fourth Quarter and Fiscal Year Ended December 26, 2021
January 10, 2022 at 07:00 am EST
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First Watch Restaurant Group, Inc. reported operating results for the fourth quarter and fiscal year ended December 26, 2021. For the fourth quarter, the company announced same-restaurant sales growth of 36.7%. Same-restaurant traffic growth was 31.9%
For the year, the company announced same-restaurant sales growth of 63%. Same-restaurant traffic growth was 52.6%.
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.