First Watch outlines adjusted EBITDA growth of greater than 15% through 2028 while targeting ~55 system-wide openings in 2027 (NASDAQ:FWRG)


Earnings Call Insights: First Watch Restaurant Group (FWRG) Q3 2026

Management View

  • “In the third quarter, we delivered total revenue growth of 10.7%, reflecting positive same-restaurant sales” and “Same-restaurant sales increased 1%, while same-restaurant traffic was down 1.9%” (CEO, President & Director Christopher Tomasso). Tomasso also tied the traffic decline

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