{"schema_version":"secwatch.filing_event.v1","accession":"0001789940-23-000056","form_type":"8-K","ticker":"FWRG","cik":"0001789940","company_name":"First Watch Restaurant Group, Inc.","filed_at":"2023-05-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.605750+00:00","generated_at":"2026-06-16T03:44:38.798019+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"First Watch Q1 revenue $211.4M (+22% YoY), net income $9.4M, raises FY23 EBITDA guidance","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."],"urls":{"canonical":"https://secwatch.observer/filing/0001789940-23-000056","json":"https://secwatch.observer/filing/0001789940-23-000056.json","markdown":"https://secwatch.observer/filing/0001789940-23-000056.md","text":"https://secwatch.observer/filing/0001789940-23-000056.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1789940/000178994023000056/0001789940-23-000056-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1789940/000178994023000056/fwrg-20230502.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T03:44:38.798019+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3489e8d103eca41f7ded34651ce94de3e6c5d1a0","claim":"First Watch Restaurant Group, Inc. reported first fiscal quarter ended March 26, 2023 results: revenue $211.4 million, net income $9.4 million, EPS $0.15 per diluted share. Guidance raised.","evidence_excerpt":"confidence in First Watch’s leadership position and our strong consumer value proposition.” Highlights for Q1 2023 compared to Q1 2022*: • Total revenues increased 22.1% to $211.4 million in Q1 2023 from $173.1 million in Q1 2022 • System-wide sales increased 23.6% to $264.7 million in Q1 2023 from $214.1 million in Q1 2022 • Same-restaurant sales growth of 12.9%","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1789940/000178994023000056/0001789940-23-000056-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first fiscal quarter ended March 26, 2023"},{"label":"Revenue","value":"$211.4 million"},{"label":"Net income","value":"$9.4 million"},{"label":"EPS","value":"$0.15 per diluted share"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}