{"filings":[{"id":2034156,"accession_number":"0001789940-26-000092","cik":1789940,"company_name":"First Watch Restaurant Group, Inc.","ticker":"FWRG","form_type":"8-K","filed_at":"2026-08-04T12:25:50+00:00","items":["7.01","9.01"],"status":"ready","headline":"First Watch posts investor presentation with long-term growth targets; no specifics disclosed","summary_kind":"llm","event_type":"other_material","confidence":"low","bullets":["Investor presentation posted to investors.firstwatch.com on August 4, 2026.","Presentation titled 'Long-Term Annual Growth Targets' but no numerical targets are included in the 8-K exhibit.","The presentation is available for viewing on the company's website."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":723094512.78,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":2033483,"accession_number":"0001789940-26-000089","cik":1789940,"company_name":"First Watch Restaurant Group, Inc.","ticker":"FWRG","form_type":"8-K","filed_at":"2026-08-04T11:02:14+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"First Watch Q2 revenue up 15.2% to $354.7M; same-restaurant sales +3.4%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Total revenues $354.7M (+15.2% YoY); system-wide sales $397.0M (+14.7%).","Same-restaurant sales growth 3.4%; traffic -0.4% but turned positive in June.","Net income $2.3M ($0.04 diluted EPS) vs $2.1M ($0.03) a year ago.","Adjusted EBITDA $34.5M vs $30.4M; Restaurant Level Operating Profit Margin 18.8% (up 20 bps).","Opened 18 system-wide restaurants; total 665 (586 company-owned, 79 franchise) across 33 states."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.01,"consensus_revenue_estimate":null,"consensus_revenue_actual":685631000.0,"consensus_period":"2026-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":723094512.78,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":1995042,"accession_number":"0001789940-26-000082","cik":1789940,"company_name":"First Watch Restaurant Group, Inc.","ticker":"FWRG","form_type":"8-K/A","filed_at":"2026-07-31T20:05:55+00:00","items":["5.07"],"status":"ready","headline":"First Watch board adopts annual say-on-pay frequency after shareholder advisory vote","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Board determined to hold future say-on-pay votes annually, consistent with its recommendation.","Shareholder advisory vote: 46,337,934 for 1 year, 2,681,394 for 3 years, 28,283 for 2 years, 58,825 abstain, 9,564,764 broker non-votes.","Next required advisory vote on frequency of say-on-pay votes no later than 2032 annual meeting."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.15,"market_cap_usd":723094512.78,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":919076,"accession_number":"0001789940-26-000076","cik":1789940,"company_name":"First Watch Restaurant Group, Inc.","ticker":"FWRG","form_type":"8-K","filed_at":"2026-06-08T20:30:23+00:00","items":["5.02","9.01"],"status":"ready","headline":"First Watch appoints Ashlee Weisser as CFO effective June 8, 2026","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Weisser promoted from SVP Financial Planning & Analysis; succeeds retiring CFO Mel Hope.","Base salary $475,000; target annual bonus 70% of base; RSU grant of $275,000.","Weisser has 15+ years finance leadership at Bloomin' Brands, Red Robin, and Darden.","Hope will remain as advisor to support transition after his planned retirement.","Weisser will serve as principal financial and accounting officer."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":723094512.78,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":582159,"accession_number":"0001789940-26-000065","cik":1789940,"company_name":"First Watch Restaurant Group, Inc.","ticker":"FWRG","form_type":"8-K","filed_at":"2026-05-21T20:14:40+00:00","items":["5.07"],"status":"ready","headline":"First Watch Restaurant Group stockholders elect directors, approve executive compensation at 2026 annual meeting","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Stockholders elected Irene Chang Britt, Charles Jemley, and Rachel Tipograph as Class II directors to serve until 2029.","Advisory resolution on executive compensation received 31,155,497 votes for and 17,633,414 against.","Stockholders approved an annual vote frequency for future advisory votes on exec compensation with 46,337,934 votes for one year.","Ratified appointment of PricewaterhouseCoopers LLP as independent auditor for fiscal year ending December 27, 2026."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.15,"market_cap_usd":723094512.78,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":95478,"accession_number":"0001789940-26-000059","cik":1789940,"company_name":"First Watch Restaurant Group, Inc.","ticker":"FWRG","form_type":"8-K","filed_at":"2026-05-05T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"First Watch Q1 net loss widens to $2.7M but revenue grows 17.3%, raises EBITDA guidance","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Total revenues up 17.3% to $331.0M; same-restaurant sales grew 2.8%.","Adjusted EBITDA rose to $27.8M (from $22.8M); restaurant-level margin 18.5% (vs 16.5%).","Net loss widened to $(2.7)M ($0.04 diluted loss) from $(0.8)M a year ago.","Opened 16 new system-wide restaurants; total system-wide count 648 across 32 states.","Reaffirmed top-line outlook and raised low end of adjusted EBITDA guidance for FY 2026."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.04,"consensus_revenue_estimate":null,"consensus_revenue_actual":330959000.0,"consensus_period":"2026-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":723094512.78,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":108592,"accession_number":"0001789940-26-000042","cik":1789940,"company_name":"First Watch Restaurant Group, Inc.","ticker":"FWRG","form_type":"8-K","filed_at":"2026-03-27T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"First Watch terminates COO Dan Jones as part of ops restructuring","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Dan Jones terminated as Chief Operations Officer effective March 27, 2026.","Departure part of a restructuring of the Company's operations leadership structure.","Operations leadership will now report directly to the President and CEO."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":723094512.78,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":108591,"accession_number":"0001789940-26-000013","cik":1789940,"company_name":"First Watch Restaurant Group, Inc.","ticker":"FWRG","form_type":"8-K","filed_at":"2026-02-24T23:59:59+00:00","items":["2.02","5.02","7.01","9.01"],"status":"ready","headline":"First Watch Q4 revenue $316.4M (+20.2%), net income $15.2M; CFO retires","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Full year 2025: total revenues $1.2B (+20.3%), net income $19.4M, adjusted EBITDA $120.9M.","Q4 2025 total revenues $316.4M (+20.2%), net income $15.2M (vs $0.7M), adjusted EBITDA $33.7M (vs $24.3M).","Q4 same-restaurant sales +3.1%, traffic -1.9%.","CFO Mel Hope to retire in 2026; search for successor underway; he will stay until successor in place.","Opened 64 system-wide restaurants in 2025 across 23 states."],"consensus_eps_estimate":null,"consensus_eps_actual":0.31,"consensus_revenue_estimate":null,"consensus_revenue_actual":1222501000.0,"consensus_period":"2025-FY","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":723094512.78,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":108589,"accession_number":"0001789940-26-000017","cik":1789940,"company_name":"First Watch Restaurant Group, Inc.","ticker":"FWRG","form_type":"8-K/A","filed_at":"2026-02-24T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"First Watch corrects FY2026 new restaurant outlook to include 3 closures; FY2025 revenue $1.2B","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Amendment corrects typo: FY2026 outlook for new system-wide restaurants now explicitly includes three company-owned restaurant closures.","FY2025 total revenues $1.2B (+20.3% YoY), net income $19.4M, Adjusted EBITDA $120.9M.","Q4 2025 total revenues $316.4M (+20.2% YoY), net income $15.2M, Adjusted EBITDA $33.7M.","FY2025 system-wide sales $1.4B (+16.1%), same-restaurant sales growth 3.6%, traffic positive.","Opened 64 system-wide restaurants in FY2025 (13 in Q4); FY2025 restaurant-level operating profit margin 18.5%."],"consensus_eps_estimate":null,"consensus_eps_actual":0.31,"consensus_revenue_estimate":null,"consensus_revenue_actual":1222501000.0,"consensus_period":"2025-FY","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":723094512.78,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":108590,"accession_number":"0001789940-26-000003","cik":1789940,"company_name":"First Watch Restaurant Group, Inc.","ticker":"FWRG","form_type":"8-K","filed_at":"2026-01-12T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"First Watch reports Q4 same-restaurant sales +3.1%, traffic -1.9%; FY +3.6% sales","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Same-restaurant sales growth +3.1% in Q4, +3.6% for FY 2025.","Same-restaurant traffic growth -1.9% in Q4, +0.5% for FY 2025.","Opened 64 new system-wide restaurants in 2025 (55 company-owned, 9 franchise); total 633.","CEO Chris Tomasso highlighted record openings and strong 2026 pipeline."],"consensus_eps_estimate":null,"consensus_eps_actual":0.31,"consensus_revenue_estimate":null,"consensus_revenue_actual":1222501000.0,"consensus_period":"2025-FY","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":723094512.78,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":125034,"accession_number":"0001789940-25-000089","cik":1789940,"company_name":"First Watch Restaurant Group, Inc.","ticker":"FWRG","form_type":"8-K","filed_at":"2025-12-29T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"First Watch announces director resignations and appointment of Rachel Tipograph to board","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Tricia Glynn (director since 2017) and David Paresky (director since 2023) resigned effective Dec 23, 2025, tied to Advent International's exit.","Board size reduced from 10 to 9; Rachel Tipograph appointed Class II director effective Dec 29, 2025, until 2026 annual meeting.","Tipograph is founder/CEO of MikMak, former Global Head of Digital at Gap; receives $140,000 RSU grant.","Resignations amicable with no disagreements with Company, management, or Board.","Tipograph qualifies as independent under Nasdaq and SEC rules."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"market_cap_usd":723094512.78,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":125033,"accession_number":"0001628280-25-050649","cik":1789940,"company_name":"First Watch Restaurant Group, Inc.","ticker":"FWRG","form_type":"8-K","filed_at":"2025-11-07T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"First Watch secondary offering of 5.29M shares by selling shareholders at $17.71/share","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Selling shareholders sold 5,289,784 shares at $17.71416 per share; offering closed Nov 7, 2025.","First Watch did not sell any shares and will receive no proceeds from the offering.","Citigroup Global Markets Inc. acted as sole underwriter; underwriting agreement filed.","Offering made under a prospectus supplement dated Nov 5, 2025, on Form S-3."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":723094512.78,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":125032,"accession_number":"0001789940-25-000085","cik":1789940,"company_name":"First Watch Restaurant Group, Inc.","ticker":"FWRG","form_type":"8-K","filed_at":"2025-11-04T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"First Watch Q3 revenue up 25.6% to $316M; Adj. EBITDA $34.1M, raises FY25 guide","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Total revenues $316.0M (+25.6% YoY); system-wide sales $352.7M (+20.9%).","Same-restaurant sales +7.1%, traffic +2.6%; restaurant-level OP margin 19.7% (up from 18.9%).","Net income $3.0M ($0.05 diluted EPS) vs $2.1M ($0.03); Adj. EBITDA $34.1M vs $25.6M.","Opened 21 new system-wide restaurants in 14 states; total system count 620.","FY2025 adjusted EBITDA guidance raised to ~$123M (high end of prior range)."],"consensus_eps_estimate":null,"consensus_eps_actual":0.07,"consensus_revenue_estimate":null,"consensus_revenue_actual":906149000.0,"consensus_period":"2025-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":723094512.78,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":141727,"accession_number":"0001789940-25-000076","cik":1789940,"company_name":"First Watch Restaurant Group, Inc.","ticker":"FWRG","form_type":"8-K/A","filed_at":"2025-08-11T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"First Watch files 8-K/A to correct clerical error in underwriting agreement for secondary offering","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Selling shareholders sold 5M shares at $17.70/share; company received no proceeds.","Underwriting agreement with Barclays and Goldman Sachs; offering closed August 8, 2025.","Amendment corrects a clerical error in Schedule B of the underwriting agreement; no other changes."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":723094512.78,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":141729,"accession_number":"0001789940-25-000074","cik":1789940,"company_name":"First Watch Restaurant Group, Inc.","ticker":"FWRG","form_type":"8-K","filed_at":"2025-08-08T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"First Watch selling shareholders to sell 5M shares in secondary offering at $17.70","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Selling shareholders sold 5,000,000 shares at $17.70 per share; offering closed Aug. 8, 2025.","Company did not sell any shares and will receive no proceeds from the offering.","Underwriters include Barclays Capital Inc. and Goldman Sachs & Co. LLC.","Offering made under an S-3 registration statement; customary underwriting agreement."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":723094512.78,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":141728,"accession_number":"0001789940-25-000071","cik":1789940,"company_name":"First Watch Restaurant Group, Inc.","ticker":"FWRG","form_type":"8-K","filed_at":"2025-08-05T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"First Watch Q2 net income falls to $2.1M; raises 2025 adjusted EBITDA guidance","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Total revenues up 19.1% to $307.9M from $258.6M a year ago.","Net income $2.1M ($0.03 diluted EPS) vs $8.9M ($0.14) in Q2 2024.","Adjusted EBITDA declined to $30.4M from $35.3M; Restaurant-level margin fell to 18.6% from 21.9%.","Same-restaurant sales +3.5%; traffic +2.0% (third straight quarter of sequential improvement).","Opened 17 system-wide restaurants, ending at 600 total; raised 2025 adjusted EBITDA guidance."],"consensus_eps_estimate":null,"consensus_eps_actual":0.02,"consensus_revenue_estimate":null,"consensus_revenue_actual":590127000.0,"consensus_period":"2025-Q2","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":723094512.78,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":159632,"accession_number":"0001789940-25-000048","cik":1789940,"company_name":"First Watch Restaurant Group, Inc.","ticker":"FWRG","form_type":"8-K","filed_at":"2025-05-21T23:59:59+00:00","items":["5.07","9.01"],"status":"ready","headline":"First Watch stockholders re-elect all four Class I directors and ratify PwC as auditor","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["All four Class I director nominees elected: Fleisher, Kussell, Lilak, Solheim received >39M votes each, with broker non-votes of 4.2M.","Ratification of PricewaterhouseCoopers as independent auditor for fiscal 2025 approved: 57.4M for, 0.5M against, 0.1M abstain.","Annual meeting held May 21, 2025; results align with proxy statement filed April 8, 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.15,"market_cap_usd":723094512.78,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":159631,"accession_number":"0001789940-25-000040","cik":1789940,"company_name":"First Watch Restaurant Group, Inc.","ticker":"FWRG","form_type":"8-K","filed_at":"2025-05-06T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"First Watch Q1 2025: Revenue rises 16.4% to $282.2M, net loss of $0.8M vs prior-year profit; margins shrink","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net loss of $(0.8)M ($(0.01) diluted EPS) vs net income of $7.2M ($0.12 EPS) in Q1 2024.","Total revenues $282.2M (+16.4% YoY); system-wide sales $323.0M (+11.5%); same-restaurant sales +0.7%, traffic -0.7%.","Restaurant-level operating profit margin fell to 16.5% from 20.8%; income from operations margin 0.4% vs 5.1%.","Adjusted EBITDA $22.8M vs $28.6M; opened 13 new restaurants (net 12), total 584 system-wide.","CEO cites encouraging traffic trends and strong NRO performance despite macro uncertainty."],"consensus_eps_estimate":null,"consensus_eps_actual":-0.01,"consensus_revenue_estimate":null,"consensus_revenue_actual":282240000.0,"consensus_period":"2025-Q1","consensus_source":"xbrl_only","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":723094512.78,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":178004,"accession_number":"0001789940-25-000025","cik":1789940,"company_name":"First Watch Restaurant Group, Inc.","ticker":"FWRG","form_type":"8-K","filed_at":"2025-03-14T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"First Watch adopts executive severance plan with CEO receiving 2x salary on non-CIC termination","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["CEO gets 2x base salary + target bonus on qualifying termination; other execs 1.5x; VPs 1x and 0.75x.","On change in control (CIC), CEO gets 2.5x base salary + 2.5x target bonus; other execs 2x; VPs 1.5x and 0.75x.","CIC termination within 2 years triggers full vesting of unvested equity awards under the 2021 plan.","Severance conditioned on execution of general release and compliance with 12-month non-compete and non-solicit.","Plan supersedes previous severance arrangements; requires participation agreement for each executive."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":723094512.78,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":178003,"accession_number":"0001789940-25-000009","cik":1789940,"company_name":"First Watch Restaurant Group, Inc.","ticker":"FWRG","form_type":"8-K","filed_at":"2025-03-11T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"First Watch FY2024 revenue tops $1B, net income $18.9M; Q4 same-store sales -0.3%","summary_kind":"llm","event_type":"earnings","confidence":"medium","bullets":["Total revenues $1.01B for FY2024, +13.9% YoY; system-wide sales $1.2B.","Net income $18.9M (FY); Adjusted EBITDA $113.8M, surpassing $100M for first time.","Q4 total revenues $263.3M (+7.6%); same-restaurant sales -0.3%, traffic -3.0%.","Q4 net income $0.7M vs $2.6M; Rest. level operating profit margin 18.8% vs 19.4%.","Opened 50 system-wide restaurants in 2024 (25 in Q4); provided 2025 outlook."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":723094512.78,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":178002,"accession_number":"0001789940-25-000002","cik":1789940,"company_name":"First Watch Restaurant Group, Inc.","ticker":"FWRG","form_type":"8-K","filed_at":"2025-01-13T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"First Watch Q4 same-restaurant sales -0.3%, traffic -3%; 25 new openings","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Q4 same-restaurant sales fell 0.3% YoY; traffic declined 3.0%.","Full-year same-restaurant sales -0.5%; traffic -4.0% (52 weeks).","Opened 25 new system-wide restaurants in Q4 (23 company, 2 franchise).","Year-end system total: 572 restaurants (489 company, 83 franchise).","CEO says Q4 same-restaurant metrics at upper end of expected range."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"negative","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":723094512.78,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":194694,"accession_number":"0001789940-24-000150","cik":1789940,"company_name":"First Watch Restaurant Group, Inc.","ticker":"FWRG","form_type":"8-K","filed_at":"2024-11-13T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"Selling shareholders of First Watch offer 8M shares at $19.76; company gets no proceeds","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Selling shareholders sold 8,000,000 shares at $19.76 per share; underwriter has 30-day option for 1,200,000 additional shares.","Offering closed on November 13, 2024; First Watch receives no proceeds from the sale.","Goldman Sachs & Co. LLC acted as sole underwriter; underwriting agreement filed as Exhibit 1.1."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":723094512.78,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":194693,"accession_number":"0001789940-24-000148","cik":1789940,"company_name":"First Watch Restaurant Group, Inc.","ticker":"FWRG","form_type":"8-K","filed_at":"2024-11-12T23:59:59+00:00","items":["1.01","7.01","9.01"],"status":"ready","headline":"First Watch to acquire 16 franchise restaurants in Carolinas for $49M","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Acquiring 15 franchise restaurants plus one under development in NC/SC for $49M on cash-free, debt-free basis.","Transaction includes development rights; closing expected by mid-April 2025, subject to customary conditions.","Acquisition to be funded through cash on hand and available borrowings under credit facility.","Second largest franchisee deal in history; total 45 franchise restaurants acquired since May 2023."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":723094512.78,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":194692,"accession_number":"0001789940-24-000145","cik":1789940,"company_name":"First Watch Restaurant Group, Inc.","ticker":"FWRG","form_type":"8-K","filed_at":"2024-11-07T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"First Watch Q3 revenue +14.8% to $251.6M; Net income $2.1M; Adj. EBITDA $25.6M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Total revenues $251.6M (+14.8% YoY); system-wide sales $291.8M (+8.0%).","Net income $2.1M ($0.03 diluted EPS) vs $5.4M ($0.09) YoY; Adj. EBITDA $25.6M (+18%).","Same-restaurant sales -1.9%, traffic -4.4%; restaurant-level operating profit margin 18.9% (vs 18.7%).","Opened 9 new system-wide restaurants in 8 states; total 547 locations (466 company-owned, 81 franchise).","Hurricane Milton: no material Q4 same-restaurant impact; five openings delayed to January 2025."],"consensus_eps_estimate":null,"consensus_eps_actual":0.29,"consensus_revenue_estimate":null,"consensus_revenue_actual":752619000.0,"consensus_period":"2024-Q3","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":723094512.78,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":194691,"accession_number":"0001789940-24-000128","cik":1789940,"company_name":"First Watch Restaurant Group, Inc.","ticker":"FWRG","form_type":"8-K","filed_at":"2024-10-15T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"First Watch closed 85 restaurants due to Hurricane Milton; 77 reopened by Oct 14","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["85 Company-owned restaurants closed at least one day from Oct 8-13; 77 reopened by Oct 14.","8 restaurants remain closed; management assessing reopening timetable.","Hurricane Helene caused less than 10 closures; only one closed more than 3 days.","Company has property, flood, and business interruption insurance; assessing coverage extent."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":723094512.78,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":210996,"accession_number":"0001789940-24-000122","cik":1789940,"company_name":"First Watch Restaurant Group, Inc.","ticker":"FWRG","form_type":"8-K","filed_at":"2024-08-22T23:59:59+00:00","items":["5.02","7.01","9.01"],"status":"ready","headline":"First Watch appoints Charles Jemley and Michael Fleisher to Board of Directors","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Director Julie M.B. Bradley resigned effective Aug 20, 2024, to pursue other interests; no disagreements with Company.","Charles Jemley appointed Class II director and Audit Committee chair, effective Aug 22, 2024; receives $140k RSU grant.","Michael Fleisher appointed Class I director effective Nov 1, 2024; also receives $140k RSU grant on Nov 2.","Jemley served as CFO of Dutch Bros (Aug 2021-May 2024) and held senior roles at Starbucks and Yum! Brands.","Fleisher served as CFO of Wayfair (Oct 2013-Nov 2022) and as CEO of Gartner (1999-2004); sits on Squarespace board."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":723094512.78,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":210995,"accession_number":"0001789940-24-000115","cik":1789940,"company_name":"First Watch Restaurant Group, Inc.","ticker":"FWRG","form_type":"8-K","filed_at":"2024-08-06T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"First Watch Q2 revenue up 19.5% to $258.6M; adjusted EBITDA +37% to $35.3M","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Net income rose 12% to $8.9M ($0.14 diluted EPS) from $8.0M ($0.13) a year ago.","Restaurant-level operating profit margin improved 100 bps to 21.9%; income from ops margin up 110 bps to 6.4%.","Same-restaurant sales fell 0.3% and traffic fell 4.0%; system-wide sales up 10.1% to $299.0M.","Opened 7 new restaurants in 6 states, ending Q2 with 538 system-wide restaurants; acquired 21 franchise restaurants.","CEO cited high customer satisfaction and efficiency despite a transitory challenging backdrop."],"consensus_eps_estimate":null,"consensus_eps_actual":0.26,"consensus_revenue_estimate":null,"consensus_revenue_actual":501010000.0,"consensus_period":"2024-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":723094512.78,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":229471,"accession_number":"0001789940-24-000104","cik":1789940,"company_name":"First Watch Restaurant Group, Inc.","ticker":"FWRG","form_type":"8-K","filed_at":"2024-05-28T23:59:59+00:00","items":["5.07","9.01"],"status":"ready","headline":"First Watch stockholders re-elect three Class III directors, approve officer liability amendment, ratify PwC as auditor","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Elected Ralph Alvarez, Tricia Glynn, and Christopher Tomasso as Class III directors to serve until 2027.","Approved amendment to certificate of incorporation to limit officer liability under Delaware law.","Ratified PricewaterhouseCoopers LLP as independent auditor for FY ending Dec 29, 2024 (58M for, 150K against)."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.15,"market_cap_usd":723094512.78,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":229470,"accession_number":"0001789940-24-000089","cik":1789940,"company_name":"First Watch Restaurant Group, Inc.","ticker":"FWRG","form_type":"8-K","filed_at":"2024-05-07T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"First Watch Q1 revenue up 14.7% to $242.4M; net income down to $7.2M, same-restaurant sales +0.5%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Total revenues $242.4M, +14.7% YoY; system-wide sales $289.6M, +9.4%.","Same-restaurant sales +0.5%, traffic -4.5%; net income $7.2M ($0.12 diluted) vs $9.4M.","Income from operations margin 5.1% vs 7.4% prior year; restaurant level margin 20.8% vs 21.2%.","Adjusted EBITDA $28.6M vs $27.4M; opened 9 system-wide restaurants, total 531.","CEO notes improved sequential traffic trends and record customer experience scores."],"consensus_eps_estimate":null,"consensus_eps_actual":0.12,"consensus_revenue_estimate":null,"consensus_revenue_actual":242449000.0,"consensus_period":"2024-Q1","consensus_source":"xbrl_only","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":723094512.78,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":229469,"accession_number":"0001789940-24-000081","cik":1789940,"company_name":"First Watch Restaurant Group, Inc.","ticker":"FWRG","form_type":"8-K","filed_at":"2024-04-15T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"First Watch acquires 21 franchise restaurants in North Carolina for $75M","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Purchase price $75M on cash-free, debt-free basis; includes 21 restaurants and development rights in North Carolina.","Largest franchise acquisition to date; expected AUVs and margins in line with company-owned restaurants.","Over 600 new employees join corporate system; 44 total franchised restaurants acquired since May 2023 across 6 acquisitions.","CEO Chris Tomasso cites long-term growth and value creation strategy."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"market_cap_usd":723094512.78,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":248026,"accession_number":"0001789940-24-000043","cik":1789940,"company_name":"First Watch Restaurant Group, Inc.","ticker":"FWRG","form_type":"8-K","filed_at":"2024-03-12T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"First Watch reports secondary offering of 6.9M shares by selling shareholders at $23.99","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Selling shareholders sold 6,000,000 shares at $23.99 each; underwriter’s 30-day option for 900,000 additional shares was fully exercised.","Offering closed March 12, 2024; First Watch did not sell any shares and will not receive any proceeds.","Underwriting agreement filed as Exhibit 1.1 with customary representations, warranties, and indemnification terms."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.45,"calibrated_materiality_score":0.45,"market_cap_usd":723094512.78,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":248025,"accession_number":"0001789940-24-000011","cik":1789940,"company_name":"First Watch Restaurant Group, Inc.","ticker":"FWRG","form_type":"8-K","filed_at":"2024-03-05T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"First Watch FY23 rev $891.6M (+22%), adj EBITDA $99.5M, same-restaurant +7.6%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Total revenues $891.6M (up 22.1% YoY), net income $25.4M vs $6.9M in 2022.","Adjusted EBITDA $99.5M (up from $69.3M); restaurant-level operating profit margin 20.0% (vs 17.9%).","Same-restaurant sales +7.6% with positive traffic (+0.2%); Q4 same-restaurant sales +5.0%.","Opened 51 system-wide restaurants in 2023; total 524 restaurants; acquired 23 franchise restaurants.","2024 outlook provided but no specific numerical guidance included in release."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":723094512.78,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":248024,"accession_number":"0001789940-24-000004","cik":1789940,"company_name":"First Watch Restaurant Group, Inc.","ticker":"FWRG","form_type":"8-K","filed_at":"2024-01-08T23:59:59+00:00","items":["2.02","9.01"],"status":"ready","headline":"First Watch reports Q4 same-restaurant sales up 5.0%; FY traffic rises 0.2%","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Q4 same-restaurant sales growth of 5.0% vs prior year; FY same-restaurant sales up 7.6%.","Q4 same-restaurant traffic declined 1.3% YoY, but FY traffic increased 0.2%; dining room traffic improved sequentially.","Opened 51 system-wide restaurants in 2023 (37 company-owned); total system restaurants reached 524.","Since May 2023, acquired or agreed to acquire 44 franchise-owned restaurants as part of growth strategy.","CEO cited better-than-expected food and labor costs in Q4, supporting margin outlook."],"consensus_eps_estimate":null,"consensus_eps_actual":0.41,"consensus_revenue_estimate":null,"consensus_revenue_actual":891551000.0,"consensus_period":"2023-FY","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"market_cap_usd":723094512.78,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":248023,"accession_number":"0001789940-24-000003","cik":1789940,"company_name":"First Watch Restaurant Group, Inc.","ticker":"FWRG","form_type":"8-K","filed_at":"2024-01-08T23:59:59+00:00","items":["1.01","2.03","7.01","9.01"],"status":"ready","headline":"First Watch to acquire 21 franchise restaurants in North Carolina for $75M","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Asset Purchase Agreement with VIM Holdings to buy 21 franchise-owned restaurants and development rights in NC for $75M cash-free, debt-free.","Transaction expected to close by end of April 2024; marks First Watch's largest franchisee acquisition, bringing total to 44 since May 2023.","Acquired restaurants expected to generate average unit volumes and margins in line with company-owned restaurants.","Credit agreement amended: new $125M delayed draw term facility, revolver increased to $125M, new $100M term loan A; maturity January 2029.","Purchase price includes $1.5M holdback for 120 days and $4.125M escrow for 18 months for indemnification."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":723094512.78,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":265481,"accession_number":"0001789940-23-000115","cik":1789940,"company_name":"First Watch Restaurant Group, Inc.","ticker":"FWRG","form_type":"8-K","filed_at":"2023-12-06T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"First Watch appoints Jostein Solheim to Board of Directors","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Board expanded from 8 to 9; Solheim elected as Class I director effective Dec 6, 2023.","Solheim is CEO Health & Wellbeing at Unilever, former Ben & Jerry's CEO with 32 years at Unilever.","He will receive standard non-employee director compensation plus an RSU grant of $100,000.","Board determined Solheim meets independence standards under Nasdaq and SEC rules."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":723094512.78,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":265480,"accession_number":"0001789940-23-000112","cik":1789940,"company_name":"First Watch Restaurant Group, Inc.","ticker":"FWRG","form_type":"8-K","filed_at":"2023-11-15T23:59:59+00:00","items":["7.01","9.01"],"status":"ready","headline":"First Watch posts investor presentation; no material financial updates disclosed","summary_kind":"llm","event_type":"other","confidence":"low","bullets":["Investor presentation posted on company website on November 15, 2023, titled 'A Breakout Growth Story 40 Years in the Making'.","Presentation intended for use with investors and analysts over the following weeks.","No specific financial results, guidance, or material events disclosed in the filing or exhibit."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"market_cap_usd":723094512.78,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":265479,"accession_number":"0001789940-23-000109","cik":1789940,"company_name":"First Watch Restaurant Group, Inc.","ticker":"FWRG","form_type":"8-K","filed_at":"2023-11-13T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"First Watch acquires six franchise restaurants in Florida; total 23 in 2023","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Acquired six franchise-owned restaurants in Florida, effective Nov 13, 2023; funded with cash on hand.","CEO Chris Tomasso notes this brings total acquired franchise restaurants in 2023 to 23.","Restaurants located in Florida Panhandle, from Destin to Tallahassee, operated by franchise partners for over a decade.","Acquisition part of long-term growth strategy to convert franchise locations to company-owned."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":723094512.78,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":265478,"accession_number":"0001789940-23-000103","cik":1789940,"company_name":"First Watch Restaurant Group, Inc.","ticker":"FWRG","form_type":"8-K","filed_at":"2023-11-01T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"First Watch Q3 revenue $219.2M (+17.3%), net income $5.4M, raises FY guidance","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Total revenue $219.2M, up 17.3% YoY; same-restaurant sales +4.8%.","Net income $5.4M ($0.09 diluted EPS) vs $46K prior year; Adjusted EBITDA $21.6M, up 27%.","Restaurant level operating profit margin 18.7% vs 17.3%; income from ops margin 3.6% vs 1.4%.","Opened 13 system-wide restaurants and acquired 11 franchise units; total now 505 across 29 states.","Raised FY2023 guidance for same-restaurant sales growth, total revenue growth, and Adjusted EBITDA."],"consensus_eps_estimate":null,"consensus_eps_actual":0.37,"consensus_revenue_estimate":null,"consensus_revenue_actual":646918000.0,"consensus_period":"2023-Q3","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":723094512.78,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":282682,"accession_number":"0001789940-23-000097","cik":1789940,"company_name":"First Watch Restaurant Group, Inc.","ticker":"FWRG","form_type":"8-K","filed_at":"2023-08-21T23:59:59+00:00","items":["7.01"],"status":"ready","headline":"First Watch opens 500th system-wide restaurant in Gainesville, Georgia","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Opened 500th restaurant on August 21, 2023, in Gainesville, GA.","Milestone reflects continued expansion of restaurant footprint.","No financial details or guidance changes provided in the filing."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":723094512.78,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":282681,"accession_number":"0001789940-23-000093","cik":1789940,"company_name":"First Watch Restaurant Group, Inc.","ticker":"FWRG","form_type":"8-K","filed_at":"2023-08-10T23:59:59+00:00","items":["7.01","8.01","9.01"],"status":"ready","headline":"First Watch acquires 6 franchise restaurants in Georgia and SC, plus development rights","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Acquired six franchise-owned restaurants, one under construction, and development rights in Georgia and South Carolina.","Funded with cash on hand; total franchise acquisitions in 2023 now 17 restaurants.","CEO notes successful transition from franchise partners who began operations in 2018."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":723094512.78,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":282680,"accession_number":"0001789940-23-000090","cik":1789940,"company_name":"First Watch Restaurant Group, Inc.","ticker":"FWRG","form_type":"8-K","filed_at":"2023-08-01T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"First Watch Q2 revenue up 17.3% to $216.3M, net income $8.0M, raises FY 2023 EBITDA guidance","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Total revenues $216.3M (+17.3% YoY); same-restaurant sales +7.8%, traffic -1.2%.","Net income $8.0M ($0.13 diluted EPS) vs $2.7M ($0.05) YoY; Adjusted EBITDA $25.8M vs $17.8M.","Restaurant-level operating profit margin improved to 20.9% from 18.2%; income from ops margin 5.3% from 2.8%.","Opened 9 system-wide restaurants; total now 492; acquired 6 franchise restaurants.","Company raises FY 2023 Adjusted EBITDA guidance (specific new range not disclosed)."],"consensus_eps_estimate":null,"consensus_eps_actual":0.28,"consensus_revenue_estimate":null,"consensus_revenue_actual":427706000.0,"consensus_period":"2023-Q2","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"market_cap_usd":723094512.78,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":282679,"accession_number":"0001789940-23-000079","cik":1789940,"company_name":"First Watch Restaurant Group, Inc.","ticker":"FWRG","form_type":"8-K","filed_at":"2023-07-20T23:59:59+00:00","items":["5.02","9.01"],"status":"ready","headline":"First Watch appoints Irene Chang Britt to Board of Directors","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Board size increased from 7 to 8; Britt elected as Class II director for term expiring at 2026 annual meeting.","Britt received an equity grant of $100,000 in restricted stock units as initial director compensation.","Britt is former President & Divisional CEO of Pepperidge Farm and SVP at Campbell Soup Company.","Currently serves on boards of IDEXX Laboratories, Brighthouse Financial, and Victoria's Secret & Co."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":723094512.78,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":301956,"accession_number":"0001789940-23-000075","cik":1789940,"company_name":"First Watch Restaurant Group, Inc.","ticker":"FWRG","form_type":"8-K","filed_at":"2023-06-27T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"First Watch acquires five franchise restaurants in Milwaukee area","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Acquisition effective June 26, 2023 includes all five previously franchise-owned restaurants.","Corresponding development rights in Milwaukee, Wisconsin transferred to company.","Transaction funded with cash on hand; no purchase price or financial terms disclosed.","CEO Chris Tomasso stated restaurants perform similarly to company-owned units."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"market_cap_usd":723094512.78,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":301955,"accession_number":"0001789940-23-000073","cik":1789940,"company_name":"First Watch Restaurant Group, Inc.","ticker":"FWRG","form_type":"8-K","filed_at":"2023-06-13T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"First Watch selling shareholders to sell 3M shares in secondary offering at $16.424/sh","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Selling shareholders agreed to sell 3,000,000 shares at $16.424 each to Jefferies LLC.","Underwriter granted 30-day option to purchase up to 450,000 additional shares.","Company did not sell any shares and will not receive any proceeds from the offering.","Offering closed on June 13, 2023, per prospectus supplement filed June 8, 2023."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":723094512.78,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":301954,"accession_number":"0001789940-23-000063","cik":1789940,"company_name":"First Watch Restaurant Group, Inc.","ticker":"FWRG","form_type":"8-K","filed_at":"2023-05-24T23:59:59+00:00","items":["5.07","9.01"],"status":"ready","headline":"First Watch annual meeting elects two Class II directors, ratifies PwC as auditor","summary_kind":"llm","event_type":"other","confidence":"high","bullets":["Julie M.B. Bradley and David Paresky elected as Class II directors until 2026.","Bradley received 49,530,699 for and 5,462,838 withheld; Paresky 49,113,884 for and 5,879,653 withheld.","Ratification of PwC as independent auditor for fiscal 2023 with 56,535,755 for, 48,391 against, 83 abstentions.","Approximately 1.6 million broker non-votes on director election."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.15,"market_cap_usd":723094512.78,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":301953,"accession_number":"0001789940-23-000060","cik":1789940,"company_name":"First Watch Restaurant Group, Inc.","ticker":"FWRG","form_type":"8-K","filed_at":"2023-05-18T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"First Watch announces secondary offering of 3,500,000 shares by selling shareholders","summary_kind":"llm","event_type":"other_material","confidence":"high","bullets":["Selling shareholders agreed to sell 3,500,000 shares at $15.47 per share to underwriter Jefferies LLC on May 15, 2023.","Underwriter exercised a 30-day option to purchase an additional 525,000 shares on May 16, 2023.","First Watch did not sell any shares and will not receive any proceeds from the offering.","The offering closed on May 18, 2023, under a prospectus supplement dated May 15, 2023.","Underwriting agreement filed as Exhibit 1.1 includes customary representations, warranties, and indemnification."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"market_cap_usd":723094512.78,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":301952,"accession_number":"0001789940-23-000056","cik":1789940,"company_name":"First Watch Restaurant Group, Inc.","ticker":"FWRG","form_type":"8-K","filed_at":"2023-05-02T23:59:59+00:00","items":["2.02","7.01","9.01"],"status":"ready","headline":"First Watch Q1 revenue $211.4M (+22% YoY), net income $9.4M, raises FY23 EBITDA guidance","summary_kind":"llm","event_type":"earnings","confidence":"high","bullets":["Total revenues $211.4M, up 22.1% YoY; same-restaurant sales +12.9%, traffic +5.1%.","Net income $9.4M ($0.15 diluted EPS) vs $4.6M ($0.08) in Q1 2022.","Adjusted EBITDA $27.4M, up from $19.4M; restaurant-level operating profit margin 21.2% (19.6%).","Raised 2023 Adjusted EBITDA guidance; opened 10 system-wide restaurants in Q1.","System-wide sales $264.7M (+23.6%); 484 total restaurants."],"consensus_eps_estimate":null,"consensus_eps_actual":0.15,"consensus_revenue_estimate":null,"consensus_revenue_actual":211406000.0,"consensus_period":"2023-Q1","consensus_source":"xbrl_only","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"market_cap_usd":723094512.78,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":301951,"accession_number":"0001789940-23-000049","cik":1789940,"company_name":"First Watch Restaurant Group, Inc.","ticker":"FWRG","form_type":"8-K","filed_at":"2023-05-01T23:59:59+00:00","items":["8.01","9.01"],"status":"ready","headline":"First Watch acquires 6 franchise restaurants in Omaha, effective May 1","summary_kind":"llm","event_type":"m_and_a","confidence":"high","bullets":["Acquisition of six previously franchise-owned First Watch restaurants in Omaha, Nebraska, effective May 1, 2023.","Transaction funded with cash on hand; no debt or equity issuance disclosed.","CEO Chris Tomasso highlighted this as part of a strategy to acquire additional franchise restaurants.","The Omaha restaurants have been operating for over a decade and are expected to continue under company ownership."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"positive","materiality_score":0.55,"calibrated_materiality_score":0.55,"market_cap_usd":723094512.78,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":301950,"accession_number":"0001789940-23-000035","cik":1789940,"company_name":"First Watch Restaurant Group, Inc.","ticker":"FWRG","form_type":"8-K","filed_at":"2023-04-06T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Director Michael White resigns; David Paresky appointed to First Watch board","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Michael White resigned from the Board effective April 4, 2023; no disagreements with management or Board.","David Paresky appointed as Class II director effective April 5, 2023, filling the vacancy.","Paresky is a principal at Advent International (controlling stockholder) and will not receive board compensation.","Paresky expected to join the Nominating and Corporate Governance Committee.","Paresky previously served as VP at Advent (2019-2022) and VP at Thomas H. Lee Partners."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"market_cap_usd":723094512.78,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null},{"id":321685,"accession_number":"0001789940-23-000022","cik":1789940,"company_name":"First Watch Restaurant Group, Inc.","ticker":"FWRG","form_type":"8-K","filed_at":"2023-03-13T23:59:59+00:00","items":["5.02"],"status":"ready","headline":"Director Lisa Price resigns from First Watch board effective March 24, 2023","summary_kind":"llm","event_type":"leadership","confidence":"high","bullets":["Lisa Price, director since September 2020, resigned for personal reasons effective March 24, 2023.","No disagreements between Price and Company, management or board on any matters.","Board thanked Price for valuable insights and commitment during her service."],"consensus_eps_estimate":null,"consensus_eps_actual":null,"consensus_revenue_estimate":null,"consensus_revenue_actual":null,"consensus_period":null,"consensus_source":null,"sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"market_cap_usd":723094512.78,"market_cap_bucket":"not_microcap","market_cap_source":"finnhub_profile2","market_cap_as_of_date":"2026-05-28","daily_digest_date":null,"daily_digest_url":null,"daily_digest_rank":null}],"next_cursor":"2023-03-13T23:59:59+00:00|321685"}