First Watch Restaurant Group (FWRG) reported Monday a preliminary fiscal Q4 same-store sales decline of 0.3% compared with the same period a year earlier.
Analysts polled by FactSet expect a fall of 1.6%.
The company said it now expects preliminary fiscal 2024 same-store sales for the period ended Dec. 29 to be 0.5% lower than the year earlier, compared with its previous guidance for a 1% decline.
Analysts surveyed by FactSet expect a 0.8% decline.
Shares of the company were down more than 3% in recent Monday premarket activity.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.