First Watch Restaurant Cuts FY24 Total Revenue Growth Outlook From 18%-20% To 17%-19%

Benzinga · May 7 19:40

Same-restaurant sales growth in a range of flat-to-up 2.0% with same restaurant traffic growth in the negative low single digits (prior view: Same-restaurant sales growth of 1.0% to 3.0% with flat-to-negative same-restaurant traffic growth).

Management confirms guidance for fiscal 2024 of Adjusted EBITDA in the range of $106.0 million to $112.0 million.

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First Watch Restaurant Cuts FY24 Total Revenue Growth Outlook From 18%-20% To 17%-19%

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