{"schema_version":"secwatch.filing_event.v1","accession":"0001789940-23-000103","form_type":"8-K","ticker":"FWRG","cik":"0001789940","company_name":"First Watch Restaurant Group, Inc.","filed_at":"2023-11-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.465526+00:00","generated_at":"2026-06-09T03:02:56.005282+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 Q3 revenue $219.2M (+17.3%), net income $5.4M, raises FY guidance","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."],"urls":{"canonical":"https://secwatch.observer/filing/0001789940-23-000103","json":"https://secwatch.observer/filing/0001789940-23-000103.json","markdown":"https://secwatch.observer/filing/0001789940-23-000103.md","text":"https://secwatch.observer/filing/0001789940-23-000103.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1789940/000178994023000103/0001789940-23-000103-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1789940/000178994023000103/fwrg-20231101.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T03:02:56.005282+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":"022cb8dadcc34f493f58ab6b872fb4bd54a363f2","claim":"First Watch Restaurant Group, Inc. reported the thirteen weeks ended September 24, 2023 results: revenue $219.2 million, net income $5.4 million, or $0.09 per diluted share, EPS $0.09 per diluted share. Guidance raised.","evidence_excerpt":"our restaurant count and successfully navigate within virtually any economic environment. ” Highlights for Q3 2023 compared to Q3 2022*: • Total revenues increased 17.3% to $219.2 million in Q3 2023 from $186.9 million in Q3 2022 • System-wide sales increased 14.9% to $270.3 million in Q3 2023 from $235.2 million in Q3 2022 • Same-restaurant sales growth of 4.8%","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1789940/000178994023000103/0001789940-23-000103-index.htm","confidence":0.98,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the thirteen weeks ended September 24, 2023"},{"label":"Revenue","value":"$219.2 million"},{"label":"Net income","value":"$5.4 million, or $0.09 per diluted share"},{"label":"EPS","value":"$0.09 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"}