{"schema_version":"secwatch.filing_event.v1","accession":"0001789940-23-000090","form_type":"8-K","ticker":"FWRG","cik":"0001789940","company_name":"First Watch Restaurant Group, Inc.","filed_at":"2023-08-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.255890+00:00","generated_at":"2026-06-12T18:44:24.976457+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"First Watch Q2 revenue up 17.3% to $216.3M, net income $8.0M, raises FY 2023 EBITDA guidance","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)."],"urls":{"canonical":"https://secwatch.observer/filing/0001789940-23-000090","json":"https://secwatch.observer/filing/0001789940-23-000090.json","markdown":"https://secwatch.observer/filing/0001789940-23-000090.md","text":"https://secwatch.observer/filing/0001789940-23-000090.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1789940/000178994023000090/0001789940-23-000090-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1789940/000178994023000090/fwrg-20230801.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T18:44:24.976457+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":"e1f5ac92762e2e628f2f548e412757b7a3ca2c55","claim":"First Watch Restaurant Group, Inc. reported the thirteen weeks ended June 25, 2023 (\"Q2 2023\") results: revenue $216.3 million, net income $8.0 million, EPS $0.13 per diluted share. Guidance raised.","evidence_excerpt":"in our unique opportunity and the growth algorithm that underpins our long-term targets .” Highlights for Q2 2023 compared to Q2 2022*: • Total revenues increased 17.3% to $216.3 million in Q2 2023 from $184.5 million in Q2 2022 • System-wide sales increased 17.4% to $271.5 million in Q2 2023 from $231.2 million in Q2 2022 • Same-restaurant sales growth of 7.8%","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1789940/000178994023000090/0001789940-23-000090-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the thirteen weeks ended June 25, 2023 (\"Q2 2023\")"},{"label":"Revenue","value":"$216.3 million"},{"label":"Net income","value":"$8.0 million"},{"label":"EPS","value":"$0.13 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"}