{
  "docId": "019de516-1d6d-773f-aba9-6d12612ad568",
  "docSlug": "417e7be2c08c4eb823bf3b76cf47749e",
  "documentTitle": "First Watch | Results Presentation Deck | 19 slides",
  "authorId": "first-watch",
  "authorName": "First Watch",
  "documentKindSlug": "conference-presentation",
  "documentKindLabel": "Conference presentation",
  "sourceTypeSlug": "investor_relations",
  "sourceTypeLabel": "Investor relations",
  "presentationDate": "2023-07-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.7810761,
  "pageNumber": 9,
  "pageCount": 19,
  "prevPage": 8,
  "nextPage": 10,
  "slideType": "kpi_overview",
  "function": "summarize",
  "density": "dense",
  "nDataPoints": 24,
  "notes": null,
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de516-1d6d-773f-aba9-6d12612ad568/9",
  "deckHref": "/decks/019de516-1d6d-773f-aba9-6d12612ad568",
  "deckJsonHref": "/decks/019de516-1d6d-773f-aba9-6d12612ad568.json",
  "deckAnchorHref": "/decks/019de516-1d6d-773f-aba9-6d12612ad568#slide-9",
  "components": [
    {
      "bbox": {
        "h": 0.456,
        "w": 0.913,
        "x": 0.044,
        "y": 0.239
      },
      "kind": "list",
      "text": "Highlights for Q2 2023 compared to Q2 2022*:\nTotal revenues increased 17.3% to $216.3 million in Q2 2023 from $184.5 million in Q2 2022\nSystem-wide sales increased 17.4% to $271.5 million in Q2 2023 from $231.2 million in Q2 2022\nSame-restaurant sales growth of 7.8% (39.6% relative to Q2 2019**)\nSame-restaurant traffic decline of (1.2)% (7.4% same-restaurant traffic growth relative to Q2 2019**)\nIncome from operations margin increased to 5.3% during Q2 2023 from 2.8% in Q2 2022\nRestaurant level operating profit margin*** increased to 20.9% in Q2 2023 from 18.2% in Q2 2022\nNet income increased to $8.0 million, or $0.13 per diluted share, in Q2 2023 from $2.7 million, or $0.05 per diluted share, in Q2 2022\nAdjusted EBITDA*** increased to $25.8 million in Q2 2023 from $17.8 million in Q2 2022\nOpened 9 system-wide restaurants (6 company-owned and 3 franchise-owned) across 6 states, acquired 6 franchise-owned restaurants\nand closed one company-owned restaurant resulting in a total of 492 system-wide restaurants (381 company-owned and 111 franchise-owned) across 29 states",
      "attrs": {},
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "10396a22-08b0-4915-9dc1-ec09acdd9dc1",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.07,
        "w": 0.459,
        "x": 0.044,
        "y": 0.839
      },
      "kind": "source-note",
      "text": "* Thirteen weeks ended June 26, 2022 (\"Q2 2022\")\n** Comparison to the thirteen weeks ended June 30, 2019 (\"Q2 2019\") is presented for enhanced comparability due to the\neconomic impact of COVID-19.\n*** See \"Non-GAAP Financial Measures\" Reconciliations",
      "attrs": {},
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "2cfb473d-a14b-4b90-89a1-03b172bc4ea2",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.44,
        "x": 0.054,
        "y": 0.048
      },
      "kind": "title",
      "text": "Q2 2023 HIGHLIGHTS",
      "attrs": {},
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "31755069-f334-419c-8d7f-434da0ff2ba7",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 12,
      "from": 6,
      "beatId": "2af67c5c-6d07-40da-ac9b-3e35042394a8",
      "arcName": "The Sparkline",
      "arcSlug": "sparkline",
      "beatName": "Evidence",
      "beatSlug": "evidence",
      "evidence": "Presentation of financial data and highlights",
      "position": 1,
      "confidence": 0.8,
      "parentBeatName": null,
      "parentBeatSlug": null
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}