{
  "docId": "019de516-e998-7549-a1e6-1fe99a1a0006",
  "docSlug": "9604f04a75a119adf48272a07acd53e3",
  "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": "2023-10-01 00:00:00",
  "orientation": "landscape",
  "aspectRatio": 1.7777778,
  "pageNumber": 10,
  "pageCount": 19,
  "prevPage": 9,
  "nextPage": 11,
  "slideType": "kpi_overview",
  "function": "summarize",
  "density": "overcrowded",
  "nDataPoints": 16,
  "notes": null,
  "elementsJson": null,
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019de516-e998-7549-a1e6-1fe99a1a0006/10",
  "deckHref": "/decks/019de516-e998-7549-a1e6-1fe99a1a0006",
  "deckJsonHref": "/decks/019de516-e998-7549-a1e6-1fe99a1a0006.json",
  "deckAnchorHref": "/decks/019de516-e998-7549-a1e6-1fe99a1a0006#slide-10",
  "components": [
    {
      "bbox": {
        "h": 0.066,
        "w": 0.925,
        "x": 0.037,
        "y": 0.867
      },
      "kind": "disclaimer",
      "text": "* We have not reconciled guidance for Adjusted EBITDA to the corresponding GAAP financial measure because we do not provide guidance for the various reconciling items. We are unable to provide guidance for\nthese reconciling items because we cannot determine their probable significance, as certain items are outside of our control and cannot be reasonably predicted due to the fact that these items could vary\nsignificantly from period to period. Accordingly, reconciliations to the corresponding GAAP financial measure is not available without unreasonable effort.",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "2e9f3b29-1833-465a-b917-4c014bf7e659",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.11,
        "w": 0.925,
        "x": 0.037,
        "y": 0.705
      },
      "kind": "list",
      "text": "Percentage unit growth in the low double digits, with the potential for more than 2,200 restaurants in the United States\nSame-restaurant sales growth of ~3.5%\nRestaurant sales growth in the mid-teens\nAdjusted EBITDA percentage growth in the mid-teens",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "4e46f1e1-7d9d-4e8a-91c1-8472f9acd64b",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.249,
        "w": 0.95,
        "x": 0.037,
        "y": 0.28
      },
      "kind": "list",
      "text": "Same-restaurant sales growth in the range of 7.0% to 8.0% with generally flat same-restaurant traffic growth\nTotal revenue growth in the range of 20.0% to 21.0%(1)\nAdjusted EBITDA* in the range of $91.0 million to $92.0 million(1)\nBlended tax rate in the range of 26.0% to 28.0%\nTotal of 49-52 new system-wide restaurants, net of 1 company-owned restaurant closure (37 to 39 new company-owned restaurants and 13 to\n14 new franchise-owned restaurants)\nCapital expenditures in the range of $85.0 million to $90.0 million invested primarily in new restaurant projects and planned remodels(2)",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "dc3968c1-1ffe-4ef0-91c9-235741ff9338",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.012,
        "w": 0.018,
        "x": 0.938,
        "y": 0.948
      },
      "kind": "other",
      "text": "10",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "30d8cf95-99f1-4a77-95f5-85f3013f3d9a",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.056,
        "w": 0.925,
        "x": 0.037,
        "y": 0.63
      },
      "kind": "paragraph",
      "text": "Long Term Outlook:\nThe Company reiterates its long-term annual financial targets as follows:",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a3ec8132-7724-4f4f-bb0f-46e840a9a627",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.056,
        "w": 0.925,
        "x": 0.037,
        "y": 0.205
      },
      "kind": "paragraph",
      "text": "Outlook for Fiscal Year 2023:\nThe Company updates its guidance for the 53-week fiscal year ended December 31, 2023:",
      "attrs": null,
      "subkind": "paragraph",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "b3d0c04a-a079-4af1-8ca0-eb53bc1a6bbb",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.045,
        "w": 0.925,
        "x": 0.037,
        "y": 0.55
      },
      "kind": "source-note",
      "text": "(1) Includes approximately 2.5% in total revenue growth and approximately $3.0 million in Adjusted EBITDA associated with 17 completed and 6 pending franchise-owned restaurant acquisitions\n(2) Does not include the capital outlays associated with the acquisition of franchise-owned restaurants",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "ec9c3f08-121e-44a3-8454-9f341a49eb28",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.012,
        "w": 0.086,
        "x": 0.056,
        "y": 0.948
      },
      "kind": "source-note",
      "text": "FIRST WATCH",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "f98faaa9-d2f2-4d88-9116-f1e87d7789ab",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.056,
        "w": 0.229,
        "x": 0.056,
        "y": 0.049
      },
      "kind": "title",
      "text": "OUTLOOK",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "32793016-2ebb-4fce-8e5b-35512745cbf5",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Audience Definition",
      "slug": "audience-definition",
      "agent": "Storyteller",
      "layer": "slide",
      "matchId": "e67b4442-64c7-4a1a-99f2-53280f6059a2",
      "evidence": "The slide provides an outlook for Fiscal Year 2023 and long-term annual financial targets, indicating that the content is tailored to a specific audience, likely investors or financial analysts.",
      "confidence": 0.7
    },
    {
      "name": "Executive summary",
      "slug": "executive-summary",
      "agent": null,
      "layer": "slide",
      "matchId": "29724dea-834b-4bbe-bbee-092114916501",
      "evidence": "The slide provides a summary of the company's outlook and guidance for Fiscal Year 2023 and long-term annual financial targets, which is typical of an executive summary.",
      "confidence": 0.7
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 12,
      "from": 6,
      "beatId": "426ef04a-3e4e-47c1-8d99-c67527b7abf5",
      "arcName": "The Sparkline",
      "arcSlug": "sparkline",
      "beatName": "Evidence",
      "beatSlug": "evidence",
      "evidence": "Q3 2023 highlights, outlook, and financial data",
      "position": 1,
      "confidence": 0.8,
      "parentBeatName": null,
      "parentBeatSlug": null
    }
  ],
  "loops": [
    {
      "to": 10,
      "from": 6,
      "name": "Cost Of Inaction",
      "slug": "27-cost-of-inaction",
      "bestFor": "Urgent budget requests, compliance, risk mitigation",
      "matchId": "8d6e5532-4509-48fb-a117-158332f17008",
      "evidence": "The deck presents Q3 2023 highlights and outlook",
      "position": 0,
      "objective": "Highlighting the importance of current performance",
      "structure": "The Status Quo -> The Hidden Costs Accumulating -> The Future State of Inaction -> The Tipping Point",
      "confidence": 0.6,
      "description": "Quantify what happens if the audience does nothing"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}