---
schema_version: "secwatch.filing_event.v1"
accession: "0001789940-24-000004"
form_type: "8-K"
ticker: "FWRG"
cik: "0001789940"
company_name: "First Watch Restaurant Group, Inc."
filed_at: "2024-01-08T23:59:59+00:00"
generated_at: "2026-06-07T02:28:04.921958+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# First Watch reports Q4 same-restaurant sales up 5.0%; FY traffic rises 0.2%

## Summary
- 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.

## SEC filing metadata
- accession: 0001789940-24-000004
- form_type: 8-K
- ticker: FWRG
- cik: 0001789940
- company_name: First Watch Restaurant Group, Inc.
- filed_at: 2024-01-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1789940/000178994024000004/0001789940-24-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1789940/000178994024000004/fwrg-20240108.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001789940-24-000004
- JSON: https://secwatch.observer/filing/0001789940-24-000004.json
- Plain text: https://secwatch.observer/filing/0001789940-24-000004.txt

## Key facts
- Earnings Releases
  First Watch Restaurant Group, Inc. reported preliminary financial results for fourth quarter and fiscal year ended December 31, 2023.
  - Period: fourth quarter and fiscal year ended December 31, 2023
  - Result: preliminary results
  source text: On January 8, 2024, First Watch Restaurant Group, Inc. (the “Company”) issued a press release announcing certain preliminary operational results for the fourth quarter and fiscal year ended December 31, 2023. A copy of the release is attached as Exhibit 99.1 hereto.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1789940/000178994024000004/0001789940-24-000004-index.htm

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