Company: FWRG
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001789940-25-000086
Chunk: 64

Company: First Watch Restaurant Group, Inc.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 2
Chunk 64
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387 1.0 %9,980 1.1 %5,782 0.8 %General and administrative expenses33,746 10.7 %27,680 11.0 %97,150 10.7 %82,527 11.0 %Depreciation and amortization19,662 6.2 %15,153 6.0 %54,355 6.0 %41,960 5.6 %Impairments and loss on disposal of assets175 0.1 %114 — %311 — %386 0.1 %Transaction expenses, net428 0.1 %375 0.1 %2,220 0.2 %1,769 0.2 %Total operating costs and expenses305,972 96.8 %245,296 97.5 %887,673 98.0 %717,573 95.3 %Income from operations (1)10,050 3.2 %6,313 2.5 %18,476 2.1 %35,046 4.7 %Interest expense(4,567)(1.4)%(3,441)(1.4)%(11,904)(1.3)%(9,421)(1.3)%Other income, net191 0.1 %624 0.2 %1,141 0.1 %1,663 0.2 %Income before income taxes5,674 1.8 %3,496 1.4 %7,713 0.9 %27,288 3.6 %Income tax expense (2,683)(0.8)%(1,384)(0.6)%(3,445)(0.4)%(9,062)(1.2)%Net income$2,991 0.9 %$2,112 0.8 %$4,268 0.5 %$18,226 2.4 %_____________

(1) As a percentage of restaurant sales.

Restaurant Sales 

Restaurant sales represent the aggregate sales of food and beverages, net of discounts, at company-owned restaurants. Restaurant sales in any period are directly influenced by the number of operating weeks in the period, the number of open restaurants