Every 8-K that First Watch Restaurant Group, Inc. (FWRG) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow FWRG and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full FWRG filings page.
First Watch Restaurant Group outlines long-term annual growth targets centered on expanding its daytime dining footprint and improving profitability. The plan calls for approximately 55 new system-wide restaurant openings per year, including about 50 company-owned and 5 franchise-owned locations, with Same Restaurant Sales Growth of 2% to 4% and total revenue growth of 10% to 13%.
Management targets Adjusted EBITDA growth of 11% to 14%, G&A expense growth below total revenue growth, and positive Free Cash Flow beginning in 2027, increasing annually. The strategy emphasizes self-funding new company-owned units from operating cash flow, supporting balance sheet strength, leveraging a 2,200+ unit U.S. market opportunity, and benefiting from an actualized third-year cash-on-cash return of about 35% on new restaurants. Non‑GAAP measures such as Adjusted EBITDA and restaurant-level operating profit are highlighted as supplemental performance metrics.
First Watch Restaurant Group reported Q2 2026 total revenues of $354.7 million, up 15.2% from $307.9 million a year earlier, with system-wide sales rising 14.7% to $397.0 million. Same-restaurant sales grew 3.4%, while same-restaurant traffic declined 0.4%.
Net income was $2.3 million, or $0.04 per diluted share, compared with $2.1 million, or $0.03 per share, in Q2 2025. Adjusted EBITDA increased to $34.5 million from $30.4 million, and restaurant level operating profit margin edged up to 18.8%.
The company opened 18 net new restaurants, ending the quarter with 665 system-wide locations across 33 states. For fiscal 2026, it expects same-restaurant sales growth of 1.5%–3.0%, total revenue growth of 12.5%–14.0%, Adjusted EBITDA of $133.0–$136.0 million, and capital expenditures of $145.0–$150.0 million supporting 60–62 net new system-wide restaurants.
First Watch Restaurant Group, Inc. decided that future stockholder advisory votes on executive compensation (“say on pay”) will be held every year. This follows a 2026 Annual Meeting advisory vote in which 46,337,934 shares favored an annual frequency, 2,681,394 supported a three-year cycle, 28,283 supported two years, 58,825 abstained and 9,564,764 were broker non-votes. Annual votes will continue until the next advisory vote on frequency, required no later than the 2032 Annual Meeting of Stockholders, or until the board sets a different schedule.
First Watch Restaurant Group has appointed Ashlee Weisser as Chief Financial Officer, effective June 8, 2026. She will also serve as the company’s principal financial and principal accounting officer. Weisser joined First Watch in 2023 as Senior Vice President of Financial Planning & Analysis and has more than 15 years of finance leadership experience at national restaurant brands.
In connection with her promotion, Weisser’s base salary is set at $475,000 with a target annual cash bonus equal to 70% of base salary. She also received restricted stock units with a fair market value of $275,000 on the grant date. She succeeds long-time CFO Mel Hope, who previously announced his retirement and will remain as an advisor to support a smooth leadership transition.
First Watch Restaurant Group, Inc. reported the results of its Annual Meeting of Stockholders held on May 20, 2026. Stockholders elected three Class II directors—Irene Chang Britt, Charles Jemley, and Rachel Tipograph—to serve until the 2029 annual meeting, with Britt receiving 32,303,226 votes for, Jemley 44,382,160, and Tipograph 47,187,755, alongside 9,564,764 broker non-votes for each.
Stockholders approved, on a non-binding advisory basis, the compensation of named executive officers, with 31,155,497 votes for and 17,633,414 against. They also supported holding an annual advisory vote on executive compensation, as 46,337,934 votes favored a one-year frequency. In addition, stockholders ratified PricewaterhouseCoopers LLP as independent registered public accounting firm for the fiscal year ending December 27, 2026, with 56,336,412 votes for and 2,303,109 against.
First Watch Restaurant Group reported Q1 2026 total revenues of $331.0 million, up 17.3% from $282.2 million a year earlier, with system-wide sales rising 13.8% to $367.6 million. Same-restaurant sales grew 2.8% despite a 2.0% decline in same-restaurant traffic.
The company posted a net loss of $(2.7) million, or $(0.04) per diluted share, compared with a $(0.8) million loss, while Adjusted EBITDA increased to $27.8 million from $22.8 million and Adjusted EBITDA margin improved to 8.4%. Restaurant level operating profit margin expanded to 18.5%, and 16 new system-wide restaurants opened, bringing the total to 648. For fiscal 2026, management reaffirmed same-restaurant sales growth of 1%–3% and total revenue growth of 12%–14%, and updated Adjusted EBITDA guidance to $133–$140 million.
First Watch Restaurant Group, Inc. reported a change in its senior leadership, terminating the employment of Dan Jones, its Chief Operations Officer, effective March 27, 2026, as part of a restructuring of the company’s operations leadership structure. Following his departure, the company’s operations leadership will report directly to the President and Chief Executive Officer. The company expressed appreciation for Mr. Jones’s contributions during what it described as a transformational period for the business.
First Watch Restaurant Group, Inc. filed an amended current report to correct a wording error in its 2026 restaurant-opening outlook, clarifying that guidance for 59 to 63 new system-wide restaurants includes three company-owned closures.
For 2025, total revenues rose 20.3% to $1.22 billion, with system-wide sales reaching about $1.4 billion. Same-restaurant sales grew 3.6% and same-restaurant traffic increased 0.5%. Income from operations declined to $27.5 million (margin 2.3%) from $38.9 million (3.9%), while net income inched up to $19.4 million. Adjusted EBITDA increased to $120.9 million.
In Q4 2025, revenue grew 20.2% to $316.4 million with same-restaurant sales up 3.1% and traffic down 1.9%. Net income jumped to $15.2 million from $0.7 million, and Adjusted EBITDA rose to $33.7 million. The company opened 64 system-wide restaurants in 2025, ending the year with 633 locations. For 2026, it projects same-restaurant sales growth of 1–3%, total revenue growth of 12–14%, Adjusted EBITDA of $132–140 million, and capital spending of $150–160 million.
First Watch Restaurant Group reported strong growth for 2025, with total revenues up 20.3% to $1.2 billion and system-wide sales rising to $1.4 billion. Net income edged up to $19.4 million, while Adjusted EBITDA increased to $120.9 million.
However, income from operations fell to $27.5 million and the income from operations margin declined to 2.3%, reflecting higher costs. The company opened 64 restaurants, ending 2025 with 633 system-wide locations, and expects 2026 same-restaurant sales growth of 1–3%, total revenue growth of 12–14%, and Adjusted EBITDA of $132–140 million. First Watch also announced that longtime Chief Financial Officer and Treasurer Mel Hope plans to retire after a successor is appointed, with a transition period to support continuity.
First Watch Restaurant Group, Inc. filed a current report to let investors know it has released certain preliminary operational results for its fourth quarter and fiscal year ended December 28, 2025. On January 12, 2026, the company issued a press release with these preliminary figures, which is included as Exhibit 99.1 to the report. The company states that this information, including Exhibit 99.1, is being furnished rather than filed, meaning it is not subject to the liability provisions of Section 18 of the Exchange Act and is not automatically incorporated by reference into other securities filings.
First Watch Restaurant Group (FWRG) announced a secondary stock sale by existing shareholders. On November 5, 2025, selling shareholders agreed to sell 5,289,784 common shares to Citigroup Global Markets Inc. at $17.71416 per share under an underwriting agreement. The transaction closed on November 7, 2025.
The company did not sell any shares and will not receive proceeds from this Offering. The sale was made pursuant to a prospectus supplement dated November 5, 2025 under the company’s Form S-3 registration statement.
First Watch Restaurant Group (FWRG) furnished an 8‑K announcing it issued a press release with financial results for the third fiscal quarter ended September 28, 2025. The company also posted a supplemental investor presentation.
The materials are furnished, not filed, and appear as Exhibits 99.1 and 99.2.
First Watch Restaurant Group filed an amendment to correct a clerical error in Schedule B to an Underwriting Agreement among the company, certain selling shareholders and the underwriters. The agreement covered a secondary offering in which the Selling Shareholders sold 5,000,000 shares at a purchase price of $17.70 per share; the Offering closed on August 8, 2025. The Company did not sell any shares and will not receive proceeds. A copy of the Underwriting Agreement is filed as Exhibit 1.1.
First Watch Restaurant Group, Inc. disclosed that certain selling shareholders sold 5,000,000 shares of the company's common stock to underwriters at a purchase price of $17.70 per share. The transaction was effected by an underwriting agreement with Barclays Capital Inc. and Goldman Sachs & Co. LLC and was completed under a prospectus supplement to an existing Form S-3 registration statement.
The company did not sell any shares in the offering and will not receive any proceeds. The underwriting agreement is filed as Exhibit 1.1 to the report.