{ "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": 17, "pageCount": 19, "prevPage": 16, "nextPage": 18, "slideType": "kpi_overview", "function": "analyze_data", "density": "overcrowded", "nDataPoints": 108, "notes": null, "elementsJson": null, "metadataConfidence": 0.9, "imagePath": null, "slideHref": "/slides/019de516-e998-7549-a1e6-1fe99a1a0006/17", "deckHref": "/decks/019de516-e998-7549-a1e6-1fe99a1a0006", "deckJsonHref": "/decks/019de516-e998-7549-a1e6-1fe99a1a0006.json", "deckAnchorHref": "/decks/019de516-e998-7549-a1e6-1fe99a1a0006#slide-17", "components": [ { "bbox": { "h": 0.07, "w": 0.55, "x": 0.02, "y": 0.83 }, "kind": "source-note", "text": "(1) Represents costs incurred in connection with the secondary offerings by Advent International Corporation and the acquisition of certain franchise-owned restaurants.\n(2) Represents costs related to the disposal of assets due to retirements, replacements or certain restaurant closures. There were no impairments recognized during the periods presented.\n(3) Represents the non-cash portion of straight-line rent expense recorded within Occupancy expenses on the Consolidated Statements of Operations and Comprehensive Income.", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "f8ebf5b5-afed-412d-966d-03463fd05667", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.37, "w": 0.27, "x": 0.02, "y": 0.27 }, "kind": "subtitle", "text": "Restaurant level operating profit and Restaurant level operating profit margin are not indicative of our overall results, and because they exclude corporate-level expenses, do not accrue directly to the benefit of our stockholders. We will continue to incur such expenses in the future. Restaurant level operating profit and Restaurant level operating profit margin are important measures we use to evaluate the performance and profitability of each operating restaurant, individually and in the aggregate and to make decisions regarding future spending and other operational decisions. We believe that Restaurant level operating profit and Restaurant level operating profit margin provide useful information about our operating results, identify operational trends and allow for transparency with respect to key metrics used by us in our financial and operational decision-making.", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "368b3891-fe09-476b-8e9f-8144867b51b3", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.1, "w": 0.27, "x": 0.02, "y": 0.65 }, "kind": "subtitle", "text": "The adjacent table reconciles Income (Loss) from operations and Income (Loss) from operations margin, the most directly comparable GAAP financial measures, to Restaurant level operating profit and Restaurant level operating profit margin, respectively, for the periods indicated.", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "955b9a0d-9dcf-4fec-8094-25380c274626", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.6, "w": 0.69, "x": 0.29, "y": 0.2 }, "kind": "table", "text": "(dollars in thousands)\nIncome (Loss) from operations\nLess: Franchise revenues\nAdd:\nGeneral and administrative expenses\nDepreciation and amortization\nTransaction expenses (income), net (1)\nImpairments and loss on disposal of assets (2)\nCosts in connection with natural disasters\nCOVID-19 related charges (3)\nRestaurant level operating profit\nRestaurant sales\nIncome (Loss) from operations margin\nRestaurant level operating profit margin\nAdditional information\nDeferred rent expense (income) (4)", "attrs": null, "subkind": "data", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "04bf9dfb-d349-4593-be99-ffffe27a3a15", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.05, "w": 0.51, "x": 0.05, "y": 0.05 }, "kind": "title", "text": "NON-GAAP FINANCIAL MEASURES", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "77ddf0af-67fa-4e76-97a8-ec505510c207", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [ { "name": "Table data", "slug": "table-data", "agent": null, "layer": "slide", "matchId": "8cbbb7a7-c87c-4c75-bc34-139c9a4a93c0", "evidence": "The slide contains a table reconciling Income (Loss) from operations and Income (Loss) from operations margin to Restaurant level operating profit and Restaurant level operating profit margin.", "confidence": 0.9 } ], "frameworks": [], "arcBeats": [ { "to": 19, "from": 13, "beatId": "ebdd2d67-e16d-4918-8bf2-0e720974787d", "arcName": "The Sparkline", "arcSlug": "sparkline", "beatName": "Reflection", "beatSlug": "reflection", "evidence": "Appendix with additional data and definitions", "position": 2, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "loops": [ { "to": 17, "from": 14, "name": "So What Cascade", "slug": "41-so-what-cascade", "bestFor": "Data presentations, executive summaries, driving to recommendations", "matchId": "012438ae-e4c9-49c7-8736-3a8cf7c33054", "evidence": "The deck presents non-GAAP financial measures and historical data", "position": 1, "objective": "Providing additional context for financial data", "structure": "The Data -> So What? (Insight 1) -> So What? (Insight 2) -> So What? (The Action)", "confidence": 0.6, "description": "Chain insights together, each answering 'so what?' until you reach the actionable conclusion" } ], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }