Core Viewpoint - First Watch Restaurant Group is experiencing growth challenges despite a strong revenue increase, with cautious guidance for 2026 impacting market perception [1][3][4]. Group 1: Company Performance - First Watch reported a 20% increase in revenue and earnings per share of $0.24, which tripled analysts' expectations [3][6]. - The company achieved an 11% increase in store count and a 3.6% rise in same-store sales for the full year [4][6]. - The stock price has decreased by 20.52% to $12.32, with a market cap of approximately $751.92 million [5]. Group 2: Market Outlook - Piper Sandler maintained an "Overweight" rating for First Watch but lowered the price target from $22 to $19, indicating a more cautious outlook [2][6]. - The guidance for 2026 suggests a slowdown in revenue growth to 12% to 14% and same-store sales growth of 1% to 3% [4][6]. - CEO Chris Tomasso cited macroeconomic pressures affecting the entire restaurant sector as a reason for the cautious stance [5].

Shares of daytime diner First Watch Restaurant Group (NASDAQ: FWRG) are down 13% as of 11 a.m. ET on Tuesday after the company reported fourth-quarter earnings. While the market's reaction to First Watch's Q4 earnings and guidance was adverse, I think it may be an overreaction. The company's 20% sales growth matched Wall Street's expectations, and its earnings per share of $0.24 tripled analysts' expectations. For the full year, First Watch grew its store count by 11% and delivered same-store sales (SSS) g ...

CFO Mel Hope reported fourth-quarter revenue of $316.4 million, up 20.2% year over year, with same-restaurant sales up 3.1%. Same-restaurant traffic declined 1.9% in the quarter. Hope attributed revenue growth to positive same-restaurant sales and the contribution from 179 non-comp restaurants, including new company-owned openings and 19 franchise locations acquired since the third quarter of 2024.Tomasso framed the results against what he described as an unfavorable traffic environment, noting that Black B ...

First Watch Restaurant Group, Inc. (FWRG) reported $316.35 million in revenue for the quarter ended December 2025, representing a year-over-year increase of 20.2%. EPS of $0.24 for the same period compares to $0.01 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $315.11 million, representing a surprise of +0.39%. The company delivered an EPS surprise of +209.68%, with the consensus EPS estimate being $0.08.While investors scrutinize revenue and earnings changes year-over-year and ...

Any such statements should be considered in conjunction with the cautionary statements in the company's earnings release, and the risk factor disclosure in the company's filings with the SEC including our annual report on Form 10-K and quarterly reports on Form 10-Q. First Watch Restaurant Group, Inc. assumes no obligation to update these forward-looking statements whether as a result of new information, future developments, or otherwise, except as may be required by law. Lastly, management's remarks today ...

First Watch Restaurant Group, Inc. (FWRG) came out with quarterly earnings of $0.24 per share, beating the Zacks Consensus Estimate of $0.08 per share. This compares to earnings of $0.01 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +209.68%. A quarter ago, it was expected that this company would post earnings of $0.08 per share when it actually produced earnings of $0.05, delivering a surprise of -37.5%.Over the last four q ...

Total revenues increased 20.3% to $1.2 billion, with System-wide sales up 16.1% to $1.4 billionIncome from operations margin of 2.3% and Restaurant level operating profit margin of 18.5% Net income of $19.4 million and Adjusted EBITDA of $120.9 million 64 system-wide restaurants opened across 23 states BRADENTON, Fla., Feb. 24, 2026 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (NASDAQ: FWRG) (“First Watch” or the “Company”), the leading Daytime Dining concept serving breakfast, brunch and lunch, t ...

First Watch Restaurant Group (NasdaqGS:FWRG) Q4 2025 Earnings call February 24, 2026 08:00 AM ET Company ParticipantsAndy Barish - Managing Director, Equity ResearchBrian Vaccaro - Managing DirectorChris Tomasso - CEO and PresidentMatt Eisenacher - Chief Brand OfficerMel Hope - CFOSteven Marotta - Vice President of Investor RelationsConference Call ParticipantsAndrew Charles - Managing Director and Senior Research AnalystBrian Mullan - Director and Senior Research AnalystGregory Francfort - Senior AnalystJe ...

First Watch Restaurant Group (NasdaqGS:FWRG) Q4 2025 Earnings call February 24, 2026 08:00 AM ET Company ParticipantsAndy Barish - Managing Director, Equity ResearchBrian Vaccaro - Managing DirectorChris Tomasso - CEO and PresidentMatt Eisenacher - Chief Brand OfficerMel Hope - CFOSteven Marotta - Vice President of Investor RelationsConference Call ParticipantsAndrew Charles - Managing Director and Senior Research AnalystBrian Mullan - Director and Senior Research AnalystGregory Francfort - Senior AnalystJe ...

First Watch Restaurant Group (NasdaqGS:FWRG) Q4 2025 Earnings call February 24, 2026 08:00 AM ET Speaker11Thank you for standing by, welcome to the First Watch Restaurant Group Inc. fourth quarter earnings conference call, occurring today, February 24, 2026, at 8:00 A.M. Eastern Time. Please note that all participants are currently in a listen-only mode. Following the presentation, the conference call will be open for analyst questions, instructions on how to ask a question will be given at that time. This ...