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Narrows FY26 Adjusted EBITDA View to $133M-$136M
Narrows FY26 adjusted EBITDA view to $133M-$136M from $133M-$140M. Sees FY26 capital expenditures $145M-$150M.
First Watch Reports Q2 Revenue of $354.67M, Same-Restaurant Sales Growth of 3.4%
Reports Q2 revenue $354.67M, consensus $351.57M. Reports Q2 same-restaurant sales growth of 3.4%. "We delivered a strong second quarter, highlighted by Same-Restaurant Sales Growth of 3.4% driven by sequentially improving Same-Restaurant Traffic Growth, which turned positive in June," stated Chris Tomasso, CEO and President of First Watch. "This momentum underscores the enduring appeal of our differentiated brand, the discipline of our operating model and the outstanding performance of our teams across the system. I am grateful to our teams for their continued execution as we expand upon our position as the leading Daytime Dining concept."
Raises FY26 Revenue View to $133M-$140M
Raises FY26 revenue view to $133M-$140M from $132M-$140M. Backs FY26 same-restaurant sales growth view up 1%-3%
First Watch Reports Q1 Revenue of $330.96M
Reports Q1 revenue $330.96M, consensus $329.35M. Reports same-restaurant sales growth of 2.8%. "I am proud of our teams for delivering solid results, exemplified by Same Restaurant Sales growth of 2.8% and expanded restaurant-level operating profit versus a year ago. Our track record of rapid unit growth continued this quarter with 16 new restaurants added, bringing to 67 the total number of new restaurants opened over the past twelve months," stated Chris Tomasso, CEO and President of First Watch. "With strong execution against our 2026 plan and encouraging early results, we are reaffirming our full-year top-line growth outlook and raising the low end of our adjusted EBITDA guidance."
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