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AI brief of an SEC Form 8-K · First Watch Restaurant Group, Inc. (FWRG)

First Watch raises 2026 Adjusted EBITDA outlook as Q3 revenue rises 10.7%

Positive Impact 4 of 5 guidance Written later

First Watch Restaurant Group reported third-quarter 2026 results with total revenues up 10.7% to $349.9 million and net income of $4.8 million, or $0.08 per diluted share, compared with $3.0 million, or $0.05, a year earlier. The company raised its full-year 2026 Adjusted EBITDA outlook to the high end of its previous guidance range, now about $136.0 million, which points to stronger profit growth for shareholders even though same-restaurant sales growth was modest at 1.0%.

Key points

  • Q3 2026 total revenues rose 10.7% to $349.9 million; Adjusted EBITDA rose to $39.7 million from $34.1 million
  • Same-restaurant sales grew 1.0% while same-restaurant traffic fell 1.9%
  • Restaurant level operating profit margin declined to 19.4% from 19.7%
  • Full-year 2026 outlook: Adjusted EBITDA of about $136.0 million, total revenue growth of about 13.5%, and 60 net new restaurants

The filing

CompanyFirst Watch Restaurant Group, Inc. (FWRG)
Form8-K, current report
Filed with the SECNov 3, 2026, 8:08 AM ET
Accession number0001789940-26-000098

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:43 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 03, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.