earnings
confidence high
sentiment positive
materiality 0.60
First Watch corrects FY2026 new restaurant outlook to include 3 closures; FY2025 revenue $1.2B
First Watch Restaurant Group, Inc.
2025-FY EPS reported
$0.31
revenue$1,222,501,000
- Amendment corrects typo: FY2026 outlook for new system-wide restaurants now explicitly includes three company-owned restaurant closures.
- FY2025 total revenues $1.2B (+20.3% YoY), net income $19.4M, Adjusted EBITDA $120.9M.
- Q4 2025 total revenues $316.4M (+20.2% YoY), net income $15.2M, Adjusted EBITDA $33.7M.
- FY2025 system-wide sales $1.4B (+16.1%), same-restaurant sales growth 3.6%, traffic positive.
- Opened 64 system-wide restaurants in FY2025 (13 in Q4); FY2025 restaurant-level operating profit margin 18.5%.