First Watch reports Q4 same-restaurant sales +3.1%, traffic -1.9%; FY +3.6% sales

First Watch Restaurant Group, Inc.

2025-FY EPS reported $0.31 revenue$1,222,501,000

Same-restaurant sales growth +3.1% in Q4, +3.6% for FY 2025.
Same-restaurant traffic growth -1.9% in Q4, +0.5% for FY 2025.
Opened 64 new system-wide restaurants in 2025 (55 company-owned, 9 franchise); total 633.
CEO Chris Tomasso highlighted record openings and strong 2026 pipeline.

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