---
schema_version: "secwatch.filing_event.v1"
accession: "0001789940-24-000115"
form_type: "8-K"
ticker: "FWRG"
cik: "0001789940"
company_name: "First Watch Restaurant Group, Inc."
filed_at: "2024-08-06T23:59:59+00:00"
generated_at: "2026-05-31T12:24:46.979632+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# First Watch Q2 revenue up 19.5% to $258.6M; adjusted EBITDA +37% to $35.3M

## Summary
- Net income rose 12% to $8.9M ($0.14 diluted EPS) from $8.0M ($0.13) a year ago.
- Restaurant-level operating profit margin improved 100 bps to 21.9%; income from ops margin up 110 bps to 6.4%.
- Same-restaurant sales fell 0.3% and traffic fell 4.0%; system-wide sales up 10.1% to $299.0M.
- Opened 7 new restaurants in 6 states, ending Q2 with 538 system-wide restaurants; acquired 21 franchise restaurants.
- CEO cited high customer satisfaction and efficiency despite a transitory challenging backdrop.

## SEC filing metadata
- accession: 0001789940-24-000115
- form_type: 8-K
- ticker: FWRG
- cik: 0001789940
- company_name: First Watch Restaurant Group, Inc.
- filed_at: 2024-08-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1789940/000178994024000115/0001789940-24-000115-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1789940/000178994024000115/fwrg-20240806.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001789940-24-000115
- JSON: https://secwatch.observer/filing/0001789940-24-000115.json
- Plain text: https://secwatch.observer/filing/0001789940-24-000115.txt

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