Earnings ·
First Watch Restaurant Group reported second quarter fiscal 2026 results ending June 28, 2026
FWRGFirst Watch Restaurant Group, Inc.
First Watch Restaurant Group reported second quarter fiscal 2026 results ending June 28, 2026. Total revenues increased 15.2% to $354.7 million, while net income rose to $2.3 million, or $0.04 per diluted share. Same-restaurant sales growth was 3.4%, driven by positive traffic trends in June despite a slight overall decline of 0.4%. Adjusted EBITDA reached $34.5 million. The company opened 18 new system-wide restaurants across 15 states, bringing the total count to 665 locations in 33 states. Management updated full-year fiscal 2026 guidance, projecting same-restaurant sales growth of 1.5% to 3.0%, total revenue growth of 12.5% to 14.0%, and Adjusted EBITDA between $133.0 million and $136.0 million. First Watch operates a daytime dining restaurant chain specializing in breakfast, brunch, and lunch.