10:30 AM EST, 11/07/2024 (MT Newswires) -- First Watch Restaurant Group's ( FWRG ) shares rose nearly 18% in recent Thursday trading after it reported Q3 net income of $0.03 per diluted share, compared with $0.09 a year earlier.

Analysts polled by Capital IQ expected $0.05.

Revenue for the quarter ended Sept. 30 was $251.6 million, compared with $219.2 million a year earlier.

Analysts expected $256.6 million.

For 2024, the company is projecting total revenue growth in a range of 16.5% to 17%.

Analysts polled by Capital IQ are looking revenue of for $1.02 billion.

Price: 21.46, Change: +3.21, Percent Change: +17.56