secwatch.observer — SEC 8-K summary
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Issuer:     First Watch Restaurant Group, Inc. (FWRG)
CIK:        0001789940
Form:       8-K
Filed at:   2026-02-24T23:59:59+00:00
Accession:  0001789940-26-000013
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Watch Q4 revenue $316.4M (+20.2%), net income $15.2M; CFO retires
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- Full year 2025: total revenues $1.2B (+20.3%), net income $19.4M, adjusted EBITDA $120.9M.
- Q4 2025 total revenues $316.4M (+20.2%), net income $15.2M (vs $0.7M), adjusted EBITDA $33.7M (vs $24.3M).
- Q4 same-restaurant sales +3.1%, traffic -1.9%.
- CFO Mel Hope to retire in 2026; search for successor underway; he will stay until successor in place.
- Opened 64 system-wide restaurants in 2025 across 23 states.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1789940/000178994026000013/0001789940-26-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1789940/000178994026000013/fwrg-20260220.htm
  HTML page:      https://secwatch.observer/filing/0001789940-26-000013

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