First Watch Q2 revenue up 15.2% to $354.7M; same-restaurant sales +3.4%

First Watch Restaurant Group, Inc.

2026-Q2 EPS reported -$0.01 revenue$685,631,000

Total revenues $354.7M (+15.2% YoY); system-wide sales $397.0M (+14.7%).
Same-restaurant sales growth 3.4%; traffic -0.4% but turned positive in June.
Net income $2.3M ($0.04 diluted EPS) vs $2.1M ($0.03) a year ago.
Adjusted EBITDA $34.5M vs $30.4M; Restaurant Level Operating Profit Margin 18.8% (up 20 bps).
Opened 18 system-wide restaurants; total 665 (586 company-owned, 79 franchise) across 33 states.

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