FWRGFirst Watch Restaurant Group Inc
Compact View
Earnings Recap
• Reported GAAP EPS of -$0.04 down -300.00% YoY • Reported revenue of $330.96M up 17.26% YoY • First Watch anticipates annual same-restaurant sales growth of 1% to 3% and full year commodity inflation of 1% to 3%. The company expects 2026 capital expenditures to be $150.0 million to $160.0 million.
Bullish
First Watch achieved strong total revenue growth of 17.3% to $331.0 million and system-wide sales growth of 13.8%. The company also improved its restaurant level operating profit margin to 18.5% due to commodity deflation.
Bearish
First Watch experienced increased net loss to -$2.7M, negative same-restaurant traffic growth of 2.0%, and a decreased income from operations margin to 0.3%, alongside rising general and administrative and interest expenses.