secwatch.observer — SEC 8-K summary
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Issuer:     First Watch Restaurant Group, Inc. (FWRG)
CIK:        0001789940
Form:       8-K/A
Filed at:   2026-02-24T23:59:59+00:00
Accession:  0001789940-26-000017
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Watch corrects FY2026 new restaurant outlook to include 3 closures; FY2025 revenue $1.2B
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- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1789940/000178994026000017/0001789940-26-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1789940/000178994026000017/fwrg-20260220.htm
  HTML page:      https://secwatch.observer/filing/0001789940-26-000017

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