secwatch.observer — SEC 8-K summary
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Issuer:     First Watch Restaurant Group, Inc. (FWRG)
CIK:        0001789940
Form:       8-K
Filed at:   2025-03-11T23:59:59+00:00
Accession:  0001789940-25-000009
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Watch FY2024 revenue tops $1B, net income $18.9M; Q4 same-store sales -0.3%
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- Total revenues $1.01B for FY2024, +13.9% YoY; system-wide sales $1.2B.
- Net income $18.9M (FY); Adjusted EBITDA $113.8M, surpassing $100M for first time.
- Q4 total revenues $263.3M (+7.6%); same-restaurant sales -0.3%, traffic -3.0%.
- Q4 net income $0.7M vs $2.6M; Rest. level operating profit margin 18.8% vs 19.4%.
- Opened 50 system-wide restaurants in 2024 (25 in Q4); provided 2025 outlook.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1789940/000178994025000009/0001789940-25-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1789940/000178994025000009/fwrg-20250311.htm
  HTML page:      https://secwatch.observer/filing/0001789940-25-000009

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer