{"filings":[{"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}],"next_cursor":null}