{"schema_version":"secwatch.filing_event.v1","accession":"0001789940-24-000011","form_type":"8-K","ticker":"FWRG","cik":"0001789940","company_name":"First Watch Restaurant Group, Inc.","filed_at":"2024-03-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.546624+00:00","generated_at":"2026-06-05T03:58:01.910542+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 FY23 rev $891.6M (+22%), adj EBITDA $99.5M, same-restaurant +7.6%","bullets":["Total revenues $891.6M (up 22.1% YoY), net income $25.4M vs $6.9M in 2022.","Adjusted EBITDA $99.5M (up from $69.3M); restaurant-level operating profit margin 20.0% (vs 17.9%).","Same-restaurant sales +7.6% with positive traffic (+0.2%); Q4 same-restaurant sales +5.0%.","Opened 51 system-wide restaurants in 2023; total 524 restaurants; acquired 23 franchise restaurants.","2024 outlook provided but no specific numerical guidance included in release."],"urls":{"canonical":"https://secwatch.observer/filing/0001789940-24-000011","json":"https://secwatch.observer/filing/0001789940-24-000011.json","markdown":"https://secwatch.observer/filing/0001789940-24-000011.md","text":"https://secwatch.observer/filing/0001789940-24-000011.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1789940/000178994024000011/0001789940-24-000011-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1789940/000178994024000011/fwrg-20240305.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T03:58:01.910542+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":"8b09b8f27a1d6c05eb2a7871120e95791ea7faef","claim":"First Watch Restaurant Group, Inc. reported the fourteen weeks ended December 31, 2023 (\"Q4 2023\") results: revenue $244.6 million, net income $2.6 million.","evidence_excerpt":"Total revenues increased 31.7% to $244.6 million in Q4 2023 from $185.7 million in Q4 2022","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1789940/000178994024000011/0001789940-24-000011-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourteen weeks ended December 31, 2023 (\"Q4 2023\")"},{"label":"Revenue","value":"$244.6 million"},{"label":"Net income","value":"$2.6 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"ed783ff86082451e6aafad67c427840ea6dddc72","claim":"First Watch Restaurant Group, Inc. reported the 53-week fiscal year ended December 31, 2023 (\"2023\") results: revenue $891.6 million, net income $25.4 million.","evidence_excerpt":"Total revenues increased 22.1% to $891.6 million from $730.2 million in 2022","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1789940/000178994024000011/0001789940-24-000011-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the 53-week fiscal year ended December 31, 2023 (\"2023\")"},{"label":"Revenue","value":"$891.6 million"},{"label":"Net income","value":"$25.4 million"},{"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"}