---
schema_version: "secwatch.filing_event.v1"
accession: "0001789940-22-000096"
form_type: "8-K"
ticker: "FWRG"
cik: "0001789940"
company_name: "First Watch Restaurant Group, Inc."
filed_at: "2022-11-07T23:59:59+00:00"
generated_at: "2026-06-22T05:43:04.061725+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# First Watch Q3 revenue $186.9M (+18.7% YoY); same-restaurant sales +12.0%; raises FY guidance

## Summary
- Total revenues $186.9M (+18.7% YoY) driven by same-restaurant sales growth of 12.0%.
- Same-restaurant traffic increased 3.7% vs Q3 2021; 7.0% vs Q3 2019.
- Restaurant level operating profit margin 17.3% (down from 19.5% YoY); net income $46K.
- Adjusted EBITDA flat at $17.0M; opened 11 system-wide restaurants in Q3.
- Company raised certain elements of its full year 2022 guidance.

## SEC filing metadata
- accession: 0001789940-22-000096
- form_type: 8-K
- ticker: FWRG
- cik: 0001789940
- company_name: First Watch Restaurant Group, Inc.
- filed_at: 2022-11-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1789940/000178994022000096/0001789940-22-000096-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1789940/000178994022000096/fwrg-20221107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001789940-22-000096
- JSON: https://secwatch.observer/filing/0001789940-22-000096.json
- Plain text: https://secwatch.observer/filing/0001789940-22-000096.txt

## Key facts
- Earnings Releases
  First Watch Restaurant Group, Inc. reported the thirteen weeks ended September 25, 2022 results: revenue $186.9 million, net income $46.0 thousand. Guidance raised.
  - Period: the thirteen weeks ended September 25, 2022
  - Revenue: $186.9 million
  - Net income: $46.0 thousand
  - Guidance: raised
  - Result: reported results
  source text: 99.1. --- EX-99.1 (EX-99.1) --- First Watch Restaurant Group, Inc. Reports Strong Q3 2022 Financial Results and Raises Certain of Its Full Year Guidance Total revenues of $186.9 million, up 18.7% compared to prior year Same-restaurant sales growth of 12.0% driven by same-restaurant traffic growth of 3.7% Income from operations margin of 1.4% and restaurant level
  evidence_url: https://www.sec.gov/Archives/edgar/data/1789940/000178994022000096/0001789940-22-000096-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.