Why First Watch Restaurant Stock Popped Today
Shares of quickly growing daytime diner First Watch Restaurant Group (NASDAQ: FWRG) are up 6% as of 3 p.m. ET on Tuesday after the company reported solid first-quarter earnings. First Watch's earnings per share were negative $0.04, a penny short of analysts' expectations, but its 17% sales growth beat expectations. Most importantly, the company reiterated guidance for same-store sales (SSS) to grow between 1% and 3% and overall sales to grow by 12% to 14%, prompting First Watch's shares to pop, after they hit an all-time low in March this year.
The full stats for First Watch's Q1 earnings included:
Image source: Getty Images.
Source Fool.com
