Company: FWRG
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001789940-25-000072
Chunk: 62

Company: First Watch Restaurant Group, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 2
Chunk 62
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15.5 %74,341 15.0 %Occupancy expenses24,809 8.1 %20,490 8.0 %47,958 8.2 %39,658 8.0 %Pre-opening expenses3,507 1.1 %1,828 0.7 %6,167 1.1 %3,395 0.7 %General and administrative expenses33,185 10.8 %27,189 10.5 %63,404 10.7 %54,847 10.9 %Depreciation and amortization18,136 5.9 %14,536 5.6 %34,693 5.9 %26,807 5.4 %Impairments and loss on disposal of assets127 — %153 0.1 %136 — %272 0.1 %Transaction expenses, net919 0.3 %725 0.3 %1,792 0.3 %1,394 0.3 %Total operating costs and expenses300,574 97.6 %242,114 93.6 %581,701 98.6 %472,277 94.3 %Income from operations (1)7,313 2.4 %16,447 6.4 %8,426 1.4 %28,733 5.8 %Interest expense(4,003)(1.3)%(3,381)(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