Company: FWRG
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001789940-25-000072
Chunk: 39

Company: First Watch Restaurant Group, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 1
Chunk 39
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,381)(1.3)%(7,337)(1.2)%(5,980)(1.2)%Other income, net266 0.1 %713 0.3 %950 0.2 %1,039 0.2 %Income before income taxes3,576 1.2 %13,779 5.3 %2,039 0.3 %23,792 4.7 %Income tax expense (1,470)(0.5)%(4,879)(1.9)%(762)(0.1)%(7,678)(1.5)%Net income$2,106 0.7 %$8,900 3.4 %$1,277 0.2 %$16,114 3.2 %_____________

(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, customer traffic and average check. Average check growth is driven by our menu price increases and changes to our menu mix.

THIRTEEN WEEKS ENDEDTWENTY-SIX WEEKS ENDED(in thousands)JUNE 29, 2025JUNE 30, 2024ChangeJUNE 29, 2025JUNE 30, 2024ChangeRestaurant sales:In-restaurant dining sales$247,400 $211,176 17.2 %$474,127 $406,375 16.7 %Third-party delivery sales34,465 24,375 41.4 %66,470 50,310 32.1 %Take-out sales23,118 19,906 16.1 %43,977 38,080 15.5 %Total restaurant sales$304,983 $255,457 19.4 %$584,574 $494,765 18.2 %

The increase in total restaurant sales as compared to the same periods in the prior year was due principally to restaurant sales of (i) $30.1 million and $52.7 million for the thirteen and twenty-six weeks ended June 29, 2025, respectively, from 55 NROs opened between June 30,