Welcome to our dedicated page for First Watch Restaurant Group news (Ticker: FWRG), a resource for investors and traders seeking the latest updates and insights on First Watch Restaurant Group stock.
First Watch Restaurant Group, Inc. (NASDAQ: FWRG) is a full-service restaurant company behind First Watch, a daytime dining brand focused on made-to-order breakfast, brunch and lunch. News about FWRG often centers on its restaurant expansion, operating performance and participation in investor events, reflecting its role as a publicly traded company in the full-service restaurant industry.
Company press releases highlight ongoing development of the First Watch system, including new openings across multiple states and entries into new markets such as North Las Vegas and Boston’s Back Bay. These announcements frequently describe new restaurant features, local community partnerships and grand opening celebrations, providing insight into how the brand introduces its concept in different regions.
Investors following FWRG news will also see regular updates on quarterly and annual performance. The company issues releases on financial results, same-restaurant sales growth, same-restaurant traffic growth and system-wide restaurant counts. It explains key operating metrics such as system-wide restaurants, system-wide sales, same-restaurant sales growth and same-restaurant traffic growth, as well as non-GAAP measures like Adjusted EBITDA and restaurant level operating profit.
Additional news items cover First Watch’s participation in investor conferences, secondary offerings by selling shareholders and changes in corporate governance, such as board appointments. These updates give context on how the company engages with the capital markets and institutional investors.
For readers tracking FWRG, this news stream offers a view into restaurant openings, brand expansion, operating trends and corporate actions related to First Watch’s daytime dining concept and its multi-state restaurant system.
First Watch Restaurant Group (NASDAQ: FWRG) announced an underwritten secondary offering by funds managed by Advent International of 5,289,784 shares of common stock. The Selling Stockholders will receive all proceeds; the company is not selling shares and will not receive any proceeds. Citigroup is the sole underwriter and may sell shares from time to time on Nasdaq, OTC, or through negotiated transactions at prevailing or negotiated prices. The Offering is made under an effective shelf registration statement and will be detailed in a prospectus and prospectus supplement available via Citigroup or the SEC EDGAR site. No sale will occur where unlawful before required registrations or qualifications are obtained.
First Watch (NASDAQ: FWRG) reported Q3 2025 results for the thirteen weeks ended September 28, 2025. Total revenues rose 25.6% to $316.0M and system-wide sales increased 20.9% to $352.7M. Same-restaurant sales grew 7.1% with same-restaurant traffic up 2.6%. Net income was $3.0M or $0.05 per diluted share; Adjusted EBITDA was $34.1M. Restaurant-level operating profit margin improved to 19.7% and income from operations margin rose to 3.2%. The company opened 21 restaurants in Q3, bringing the system to 620 restaurants across 32 states. Fiscal 2025 guidance was updated to ~4% same-restaurant sales growth, 20.0%–21.0% total revenue growth, and ~$123M Adjusted EBITDA, with ~60–61 new system-wide restaurants planned.
First Watch Restaurant Group (NASDAQ: FWRG) will release its third quarter 2025 financial results on Tuesday, November 4, 2025 before the market opens. A conference call and webcast hosted by Chris Tomasso, CEO and President, and Mel Hope, CFO, will follow at 8:00 AM ET.
Listeners may join by dialing 201-389-0914 (operator answered), pre-registering via the Call Me™ link, or joining the live webcast at https://investors.firstwatch.com/news-and-events/events. The webcast will be archived after the call. Participants are advised to connect at least 10 minutes before the scheduled start.
First Watch (NASDAQ:FWRG) was named the #1 Most Loved Workplace® in America for the second consecutive year on Oct 14, 2025, marking the fourth straight year on the list. The recognition is based on employee surveys and third-party research by Best Practice Institute and reflects the company’s “You First” culture across its >600 restaurants in 32 states and more than 15,000 employees. The company highlighted benefits such as backup child and elder care, Calm app access, coaching, telemedicine, and tuition programs, plus the nationwide W.H.Y. tour that collected >1,500 employee conversations since 2021.
First Watch Restaurant Group (NASDAQ: FWRG) has made its Nevada debut with a new location in North Las Vegas at 1020 E. Craig Road. The 4,400-square-foot restaurant features a modern dining room, covered patio, and indoor bar, accommodating over 200 customers.
The daytime restaurant, known for made-to-order breakfast, brunch, and lunch, will operate daily from 7 a.m. to 2:30 p.m. The menu includes fresh-made dishes like The Traditional, Farmhouse Hash, and Lemon Ricotta Pancakes, alongside fresh-pressed juices and Project Sunrise coffee sourced from women farmers in South America.
To celebrate the opening, customers dining between September 15-20 will receive complimentary Project Sunrise coffee with their meal. The grand opening features performances by the Las Vegas Academy of the Arts Jazz Band, Vegas Golden Knights Vivas cheerleaders, and the Nellis Air Force Base Honor Guard.
First Watch Restaurant Group (NASDAQ:FWRG), a leading Daytime Dining concept specializing in breakfast, brunch, and lunch, has announced its participation in Piper Sandler's Growth Frontiers Conference. The company will engage in a fireside chat on September 10, 2025, at 3:30 PM ET in Nashville, Tennessee.
The event will include meetings with institutional investors and will be accessible via webcast on the company's investor relations website at investors.firstwatch.com in the News & Events section. The presentation will be archived for later viewing.
First Watch Restaurant Group (NASDAQ: FWRG), a leading Daytime Dining concept, has announced a secondary offering of 5,000,000 shares of common stock by certain funds managed by Advent International, L.P.
The offering will be conducted through underwriters Barclays and Goldman Sachs & Co. LLC, who will offer the shares through various channels including the Nasdaq Global Select Market and over-the-counter transactions. Notably, First Watch will not receive any proceeds from this offering, as all proceeds will go to the selling stockholders.
The offering is being made through an effective shelf registration statement filed with the SEC, with shares to be sold at prevailing market prices or negotiated terms.
First Watch Restaurant Group (NASDAQ: FWRG) reported mixed Q2 2025 results with strong revenue growth but compressed margins. Total revenues increased 19.1% to $307.9 million, driven by system-wide sales growth of 15.8% to $346.2 million. The company achieved positive same-restaurant sales growth of 3.5% and traffic growth of 2.0%.
The company reached a significant milestone of 600 system-wide restaurants after opening 17 new locations across 8 states during Q2. However, profitability metrics declined with net income decreasing to $2.1 million ($0.03 per share) from $8.9 million in Q2 2024, and Adjusted EBITDA falling to $30.4 million.
First Watch raised its 2025 Adjusted EBITDA guidance to $119.0-$123.0 million and maintained its expansion plans for 59-64 new system-wide restaurants for the year.
First Watch Restaurant Group (NASDAQ: FWRG), the leading Daytime Dining concept, has scheduled its second quarter 2025 financial results release for Tuesday, August 5, 2025, before market opening.
The company will host a conference call and webcast at 8:00 AM ET on the same day, featuring CEO and President Chris Tomasso and CFO Mel Hope. Participants can join through three options: direct dial-in, pre-registration link, or webcast via the investor relations website.
First Watch Restaurant Group (NASDAQ: FWRG), a leading Daytime Dining concept specializing in breakfast, brunch, and lunch, has announced its participation in two major investor conferences in June 2025. The company will present at TD Cowen's 9th Annual Future of the Consumer Conference in New York City, featuring a fireside chat on June 3 at 10:15 AM ET, which will be webcast live and archived on their investor relations website. Management will also conduct meetings with institutional investors on June 2-3. Additionally, First Watch will meet with institutional investors at the Jefferies Consumer Conference in Nantucket, Mass., on June 17-18, 2025.