secwatch.observer — SEC 8-K summary
======================================

Issuer:     First Watch Restaurant Group, Inc. (FWRG)
CIK:        0001789940
Form:       8-K
Filed at:   2026-05-05T23:59:59+00:00
Accession:  0001789940-26-000059
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1789940/000178994026000059/0001789940-26-000059-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1789940/000178994026000059/fwrg-20260505.htm
  HTML page:      https://secwatch.observer/filing/0001789940-26-000059

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