---
schema_version: "secwatch.filing_event.v1"
accession: "0001789940-24-000145"
form_type: "8-K"
ticker: "FWRG"
cik: "0001789940"
company_name: "First Watch Restaurant Group, Inc."
filed_at: "2024-11-07T23:59:59+00:00"
generated_at: "2026-05-30T03:43:42.918685+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# First Watch Q3 revenue +14.8% to $251.6M; Net income $2.1M; Adj. EBITDA $25.6M

## Summary
- Total revenues $251.6M (+14.8% YoY); system-wide sales $291.8M (+8.0%).
- Net income $2.1M ($0.03 diluted EPS) vs $5.4M ($0.09) YoY; Adj. EBITDA $25.6M (+18%).
- Same-restaurant sales -1.9%, traffic -4.4%; restaurant-level operating profit margin 18.9% (vs 18.7%).
- Opened 9 new system-wide restaurants in 8 states; total 547 locations (466 company-owned, 81 franchise).
- Hurricane Milton: no material Q4 same-restaurant impact; five openings delayed to January 2025.

## SEC filing metadata
- accession: 0001789940-24-000145
- form_type: 8-K
- ticker: FWRG
- cik: 0001789940
- company_name: First Watch Restaurant Group, Inc.
- filed_at: 2024-11-07T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1789940/000178994024000145/0001789940-24-000145-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1789940/000178994024000145/fwrg-20241107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001789940-24-000145
- JSON: https://secwatch.observer/filing/0001789940-24-000145.json
- Plain text: https://secwatch.observer/filing/0001789940-24-000145.txt

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