First Watch Restaurant Group, Inc. Reports Q3 2026 Financial Results
Globe Newswire•03/11/2026•07:00 ET
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Key Highlights
- ➤Total revenue increased 10.7% to $349.9 million year over year
- ➤Adjusted EBITDA rose to $39.7 million from $34.1 million
- ➤Fiscal 2026 Adjusted EBITDA outlook raised to approximately $136.0 million
- ➤Same-restaurant sales growth reached 1.0%, despite traffic declining 1.9%
- ➤16 new restaurants opened across 11 states, reaching 681 system-wide locations
Expert Statements
Chris Tomasso, CEO and President of First Watch Restaurant Group
“Our third-quarter performance is another encouraging proof point for the strength of First Watch. We delivered on our top-line plan, grew same-restaurant sales against our toughest comparison of the year and increased total revenue by 10.7%, all while opening 16 system-wide restaurants across 11 states”
Chris Tomasso, CEO and President of First Watch Restaurant Group
“Our teams continue to execute at a high level, driving Adjusted EBITDA growth ahead of our expectations and giving us the confidence to raise our full-year 2026 Adjusted EBITDA outlook to the high end of our previous guidance range.”
Same-Restaurant Sales Growth of 1.0% Total revenues increased 10.7% Net income of $4.8 million and Adjusted EBITDA of $39.7 million 16 new System-wide restaurants opened in 11 states
BRADENTON, Fla., Nov. 03, 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 September 27, 2026 (“Q3 2026”).
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