Earnings ·
First Watch reports Q3 net income of $4.8M and raises full-year Adjusted EBITDA outlook
FWRGFirst Watch Restaurant Group, Inc.
First Watch Restaurant Group reported third-quarter fiscal 2026 results with total revenues increasing 10.7% to $349.9 million, driven by a 10.9% rise in system-wide sales. Net income grew to $4.8 million, or $0.08 per diluted share, up from $3.0 million in the prior year period. Same-restaurant sales growth was 1.0%, while same-restaurant traffic declined 1.9%. The company opened 16 new system-wide restaurants across 11 states, bringing the total count to 681. Management raised its full-year 2026 Adjusted EBITDA outlook to approximately $136.0 million, citing strong execution and growth ahead of expectations. First Watch operates a chain of daytime dining restaurants serving breakfast, brunch, and lunch.