First Watch Stock Slips as Executives Warn of Egg Costs Hurting Margins
1. FWRG shares fell after warnings of commodity price pressures. 2. High egg prices may hurt margins; no plans for surcharges. 3. Executives expect high single-digit percentage commodity inflation this year. 4. EPS of $0.01 and $263.3 million revenue align with estimates. 5. Same-restaurant sales expected to grow in positive low single digits.