other material
confidence high
sentiment negative
materiality 0.50
First Watch Q4 same-restaurant sales -0.3%, traffic -3%; 25 new openings
First Watch Restaurant Group, Inc.
- Q4 same-restaurant sales fell 0.3% YoY; traffic declined 3.0%.
- Full-year same-restaurant sales -0.5%; traffic -4.0% (52 weeks).
- Opened 25 new system-wide restaurants in Q4 (23 company, 2 franchise).
- Year-end system total: 572 restaurants (489 company, 83 franchise).
- CEO says Q4 same-restaurant metrics at upper end of expected range.