First Watch Q1 net loss widens to $2.7M but revenue grows 17.3%, raises EBITDA guidance

First Watch Restaurant Group, Inc.

2026-Q1 EPS reported -$0.04 revenue$330,959,000

Total revenues up 17.3% to $331.0M; same-restaurant sales grew 2.8%.
Adjusted EBITDA rose to $27.8M (from $22.8M); restaurant-level margin 18.5% (vs 16.5%).
Net loss widened to $(2.7)M ($0.04 diluted loss) from $(0.8)M a year ago.
Opened 16 new system-wide restaurants; total system-wide count 648 across 32 states.
Reaffirmed top-line outlook and raised low end of adjusted EBITDA guidance for FY 2026.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

First Watch Restaurant Group, Inc. reported thirteen weeks ended March 29, 2026 ("Q1 2026") results: revenue $331.0 million, net income $(2.7) million, EPS $(0.04) per diluted share. Guidance reaffirmed.

Period: thirteen weeks ended March 29, 2026 ("Q1 2026")
Revenue: $331.0 million
Net income: $(2.7) million
EPS: $(0.04) per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

total revenues increased 17.3% to $331.0 million as compared to $282.2 million in the same period of 2025

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Source: SEC EDGAR

accession 0001789940-26-000059

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