First Watch Restaurant Group, Inc. (FWRG) Q2 2026 Earnings Call Transcript
Although the revenue and EPS for First Watch Restaurant Group (FWRG) give a sense of how its business performed in the quarter ended June 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
First Watch Restaurant Group, Inc. (FWRG) came out with quarterly earnings of $0.04 per share, missing the Zacks Consensus Estimate of $0.06 per share. This compares to earnings of $0.03 per share a year ago.
First Watch Restaurant Group NASDAQ: FWRG reported second-quarter revenue growth of 15.2% as positive same-restaurant sales, marketing initiatives and new restaurant openings supported results. The daytime dining chain also raised the low end of its full-year same-restaurant sales and revenue growth outlook, while lowering its adjusted EBITDA forecast due to higher costs associated with strong demand for premium beef menu items.
First Watch Restaurant Group (FWRG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
First Watch Restaurant Group is rated a Modest Buy, reflecting a balance between low current profitability and strong long-term growth potential. FWRG's aggressive expansion has driven revenue CAGR of 18.3% over three years, but operating margins compressed from 4.6% to 2.3% due to rising costs. Valuation is rich on earnings multiples (78x forward P/E), but price-to-sales is modest; the market is betting on future margin expansion.
First Watch Restaurant Group, Inc. (FWRG) Q1 2026 Earnings Call Transcript
Although the revenue and EPS for First Watch Restaurant Group (FWRG) give a sense of how its business performed in the quarter ended March 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
First Watch Restaurant Group, Inc. (FWRG) came out with a quarterly loss of $0.04 per share versus the Zacks Consensus Estimate of a loss of $0.02. This compares to a loss of $0.01 per share a year ago.
First Watch Restaurant Group (FWRG) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
First Watch (FWRG) remains a buy despite weaker 2026 guidance and near-term sector headwinds. FWRG targets 12–14% revenue growth in 2026, driven by 9% new locations, 1% from franchise buybacks, and 1–3% comps. Long-term thesis is intact: FWRG aims for 2,200 locations and national scale, justifying a growth premium.
Advent International L.P. cut its stake in shares of First Watch Restaurant Group, Inc. (NASDAQ: FWRG) by 64.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,289,784 shares of the company's stock after selling 9,400,000 shares during the period. First Watch Restaurant