For Q1 FY2026 ended March 29, 2026, First Watch reported revenue of $331.0 million, up 17.3% year-over-year. Net loss was $2.7 million, compared to net income of $2.2 million in the prior year quarter. Operating income was $1.0 million, down 10.2% year-over-year. Diluted EPS was -$0.04, versus $0.02 a year ago.
•Revenue grew 17.3% YoY to $331.0 million.
•Net loss of $2.7 million, a 223.9% decline YoY.
•Operating income fell 10.2% to $1.0 million.
•Diluted EPS was -$0.04, down from $0.02.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
First Watch Restaurant Group, Inc., through its subsidiaries, operates and franchises restaurants under the First Watch trade name in the United States. Founded in 1983 and based in Bradenton, Florida, First Watch Restaurant was formerly known as AI Fresh Super Holdco, Inc. before rebranding in December 2019.
What does First Watch Restaurant Group, Inc. (FWRG) do?
First Watch Restaurant Group, Inc., through its subsidiaries, operates and franchises restaurants under the First Watch trade name in the United States. The company is a daytime dining concept specializing in breakfast, brunch, and lunch offerings. Founded in 1983 and based in Bradenton, Florida, First Watch was formerly known as AI Fresh Super Holdco, Inc. before rebranding in December 2019. The chain is known for its fresh, made-to-order menu items including omelets, pancakes, salads, sandwiches, and seasonal specialties. As of the available data, First Watch operates primarily in the United States, serving customers in a casual dining atmosphere focused on quality ingredients and friendly service.
Where is First Watch Restaurant Group (FWRG) listed and what currency does it trade in?
First Watch Restaurant Group, Inc. is listed on the Nasdaq Global Select Market (NasdaqGS) under the ticker symbol FWRG. The company trades in United States Dollars (USD), which is the official currency of the United States. Being listed on a major US exchange like Nasdaq provides the company with access to a broad base of investors and liquidity. The stock is subject to the regulatory oversight of the Securities and Exchange Commission (SEC) and must comply with Nasdaq's listing standards. Investors can buy and sell shares of FWRG through brokerage accounts that offer access to US equities.
What sector and industry does First Watch Restaurant Group (FWRG) belong to?
First Watch Restaurant Group, Inc. operates in the Consumer Cyclical sector, specifically within the Restaurants industry. The Consumer Cyclical sector includes companies that sell non-essential goods and services, meaning their performance is closely tied to the economic cycle. As a restaurant chain, First Watch falls under the Restaurants industry, which encompasses businesses that prepare and serve food and beverages to customers. This industry is highly competitive and sensitive to consumer spending trends, labor costs, and food inflation. First Watch differentiates itself by focusing on the breakfast and brunch dayparts, a niche that has shown resilience and growth in the restaurant sector.
Where is First Watch Restaurant Group (FWRG) headquartered and what markets does it serve?
First Watch Restaurant Group, Inc. is headquartered in Bradenton, Florida, United States. The company operates and franchises restaurants under the First Watch trade name across the United States. While the available data does not specify the exact number of locations or states served, First Watch is known to have a significant presence in many states, particularly in the Sun Belt region. The company's focus on daytime dining (breakfast, brunch, and lunch) positions it in a competitive segment of the US restaurant market. First Watch targets customers seeking fresh, high-quality meals in a casual setting, and its geographic footprint continues to expand through both company-owned and franchised locations.
What is the business model of First Watch Restaurant Group (FWRG) and how does it generate revenue?
First Watch Restaurant Group, Inc. generates revenue primarily through the operation and franchising of restaurants under the First Watch brand. The company operates a daytime dining concept, serving breakfast, brunch, and lunch, which allows it to avoid the higher costs associated with dinner service. Revenue is derived from food and beverage sales at company-owned restaurants, as well as royalty fees and other income from franchised locations. The company's menu emphasizes fresh, made-to-order items, which helps differentiate it from competitors. By focusing on a specific daypart and maintaining a strong brand identity, First Watch aims to build customer loyalty and drive repeat visits. The business model also includes potential growth through new restaurant openings and franchise expansion.