First Watch Restaurant Group, Inc. (FWRG) Form 8-K — Aug 4, 2026
First Watch Restaurant Group reported strong Q2 2026 financial results with total revenues increasing 15.2% to $354.7 million and net income rising to $2.3 million, or $0.04 per diluted share. The company achieved same-restaurant sales growth of 3.4% and improved its restaurant level operating profit margin to 18.8%, while opening 18 new system-wide restaurants. Based on the second quarter performance, management updated its full-year 2026 guidance, projecting same-restaurant sales growth of 1.5% to 3.0%, total revenue growth of 12.5% to 14.0%, and Adjusted EBITDA of $133.0 million to $136.0 million. The company expects to open 60 to 62 net new system-wide restaurants this year.
Key figures
- Eps
- $0.04
- Revenue
- $354.7 million
- Guidance
- Same-Restaurant Sales Growth of 1.5% to 3.0%, Total revenue growth of 12.5% to 14.0%, Adjusted EBITDA of $133.0 million to $136.0 million
- Net Income
- $2.3 million
- Revenue Yoy
- 15.2%
- Shares Outstanding
- 62,296,801 (diluted weighted average)
- Adjusted EBITDA
- $34.5 million
- Adjusted EBITDA margin
- 9.7%
- Same Restaurant Sales Growth
- 3.4%
- Total System Wide Restaurants
- 665
- Net New System Wide Restaurants Q2
- 18
- Restaurant Level Operating Profit Margin
- 18.8%
Price after filing
Close on the filing date to close N calendar days later (from $13.34). Historical, not a forecast.
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