First Watch Restaurant Group, Inc. has announced its financial results for the third fiscal quarter ended September 27, 2026, showcasing a robust performance that underscores the company's growth strategy.

On November 3, 2026, First Watch revealed that total revenues surged by 10.7% to $349.9 million, compared to $316.0 million during the same period in 2025. The company's net income also increased to $4.8 million, or $0.08 per diluted share, a significant rise from the $3.0 million, or $0.05 per diluted share, reported a year earlier.

First Watch, a leader in the daytime dining sector, is known for its breakfast, brunch, and lunch offerings. The company operates under the ticker symbol FWRG on the Nasdaq and is categorized under the SIC code 5812, which pertains to retail-eating places. Recent filings indicate that First Watch has been active in expanding its footprint, having opened 16 new system-wide restaurants across 11 states during the quarter.

According to the filing, the same-restaurant sales growth was recorded at 1.0%, although the same-restaurant traffic experienced a decline of 1.9%. Despite this, the company maintained its income from operations margin at 3.2%, consistent with the previous year. The restaurant-level operating profit margin slightly decreased to 19.4% from 19.7% in the same quarter of 2025.

“Our third-quarter performance is another encouraging proof point for the strength of First Watch,” said Chris Tomasso, CEO and President 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.”

The filing also included a supplemental information presentation, which is available on the company's investor relations website, providing further insights into the financial results and operational strategies.

This update from First Watch is significant not only for the company but also for the wider retail-eating places industry, which continues to adapt to evolving consumer preferences and competitive pressures. As the company raises its full-year 2026 Adjusted EBITDA outlook, it reflects confidence in its ongoing operational strategies and market positioning.

Looking ahead, First Watch's continued expansion and financial performance will be closely monitored by industry analysts and investors. The company’s proactive approach in navigating the challenges of the retail-eating sector may set a precedent for others in the industry.