
First Watch Restaurant Group (FWRG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
First Watch Restaurant Group Inc (FWRG) is a prominent fast-casual dining chain specializing in breakfast, brunch, and lunch, renowned for its health-conscious menu and high-quality ingredients. Founded in 1983, the company has cultivated a loyal customer base by innovatively adapting its menu to reflect contemporary culinary trends while prioritizing exceptional service. With a strategic focus on expanding its footprint in both existing and new markets, First Watch is well-positioned for sustained growth, making it a compelling investment opportunity in the dynamic dining sector.
| Revenue (TTM) | $1.27B |
| Gross Profit (TTM) | $262.68M |
| EBITDA | $113.10M |
| Operating Margin | 0.82% |
| Return on Equity | 2.87% |
| Return on Assets | 1.25% |
| Revenue/Share (TTM) | $20.81 |
| Book Value | $10.19 |
| Price-to-Book | 1.26 |
| Price-to-Sales (TTM) | 0.63 |
| EV/Revenue | 1.417 |
| EV/EBITDA | 16.64 |
| Quarterly Earnings Growth (YoY) | 2290.00% |
| Quarterly Revenue Growth (YoY) | 17.30% |
| Shares Outstanding | $61.65M |
| Float | $60.67M |
| % Insiders | 1.85% |
| % Institutions | 107.47% |
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First Watch Restaurant Group (FWRG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

BRADENTON, Fla., July 21, 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, today announced that it plans to release its second quarter 2026 financial results on Tuesday, August 4, 2026 before the market opens.

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First Watch Restaurant Group is rated a Modest Buy, reflecting a balance between low current profitability and strong long-term growth potential. FWRG's aggressive expansion has driven revenue CAGR of 18.3% over three years, but operating margins compressed from 4.6% to 2.3% due to rising costs. Valuation is rich on earnings multiples (78x forward P/E), but price-to-sales is modest; the market is betting on future margin expansion.

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BRADENTON, Fla., June 08, 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, today announced the appointment of Ashlee Weisser to Chief Financial Officer effective June 8, 2026. She succeeds Mel Hope, who announced his planned retirement earlier this year and will continue to serve in an Advisor role to support a seamless leadership transition.

First Watch Restaurant Group, Inc. (FWRG) Q1 2026 Earnings Call Transcript

Although the revenue and EPS for First Watch Restaurant Group (FWRG) give a sense of how its business performed in the quarter ended March 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

First Watch Restaurant Group, Inc. (FWRG) came out with a quarterly loss of $0.04 per share versus the Zacks Consensus Estimate of a loss of $0.02. This compares to a loss of $0.01 per share a year ago.

Same-restaurant sales growth of 2.8% Total revenues increased 17.3% Net loss of $(2.7) million and Adjusted EBITDA of $27.8 million 16 new system-wide restaurants opened in 11 states BRADENTON, Fla., May 05, 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, today reported financial results for the thirteen weeks ended March 29, 2026 (“Q1 2026”).
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