{"schema_version":"secwatch.filing_event.v1","accession":"0001789940-25-000071","form_type":"8-K","ticker":"FWRG","cik":"0001789940","company_name":"First Watch Restaurant Group, Inc.","filed_at":"2025-08-05T23:59:59+00:00","discovered_at":"2026-05-14T18:02:45.003124+00:00","generated_at":"2026-05-17T20:53:54.090371+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"First Watch Q2 net income falls to $2.1M; raises 2025 adjusted EBITDA guidance","bullets":["Total revenues up 19.1% to $307.9M from $258.6M a year ago.","Net income $2.1M ($0.03 diluted EPS) vs $8.9M ($0.14) in Q2 2024.","Adjusted EBITDA declined to $30.4M from $35.3M; Restaurant-level margin fell to 18.6% from 21.9%.","Same-restaurant sales +3.5%; traffic +2.0% (third straight quarter of sequential improvement).","Opened 17 system-wide restaurants, ending at 600 total; raised 2025 adjusted EBITDA guidance."],"urls":{"canonical":"https://secwatch.observer/filing/0001789940-25-000071","json":"https://secwatch.observer/filing/0001789940-25-000071.json","markdown":"https://secwatch.observer/filing/0001789940-25-000071.md","text":"https://secwatch.observer/filing/0001789940-25-000071.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1789940/000178994025000071/0001789940-25-000071-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1789940/000178994025000071/fwrg-20250805.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T20:53:54.090371+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}