First Watch revenue rises 17% to $331m in Q1 2026

First Watch Restaurant Group’s full gross for the archetypal 4th (Q1) of 2026 was $331m, an summation of 17.3% compared to $282.2m recorded successful Q1 2025.

However, for the 13-week play that ended 29 March 2026, the company’s nett nonaccomplishment accrued to $2.7m from $0.8m successful Q1 2025.

The company’s same-restaurant postulation successful the 4th besides declined by 2%, though same-restaurant income roseate 2.8%, indicating higher income per determination contempt less visits.

The edifice chain’s system-wide income crossed the marque accrued 13.8% year-on-year. Sales reached $367.6m successful the latest quarter, versus $323m successful the aforesaid 4th past year.

In Q1 2026, the company’s income from operations borderline slipped to 0.3%, down from 0.4% successful the prior-year quarter.

By contrast, restaurant-level operating nett borderline improved to 18.5%, compared with 16.5% successful Q1 2025. Adjusted net earlier interest, tax, depreciation and amortisation (EBITDA) accrued to $27.8m, up from $22.8m a twelvemonth earlier.

In the latest quarter, the radical opened 16 system-wide locations crossed 11 US states.

At the extremity of the quarter, the concatenation operated 648 restaurants system-wide. Of these, 572 were company-owned, and 76 were franchised, spanning 32 states.

First Watch president and CEO Chris Tomasso said: “I americium arrogant of our teams for delivering coagulated results, exemplified by same-restaurant income maturation of 2.8% and expanded restaurant-level operating nett versus a twelvemonth ago.

“Our way grounds of accelerated portion maturation continued this 4th with 16 caller restaurants added, bringing to 67 the full fig of caller restaurants opened implicit the past 12 months.”

The institution has revised its full-year 2026 outlook. It present projects full gross maturation successful the scope of 12% to 14%.

Same-restaurant income are expected to turn by 1% to 3% implicit the afloat year. First Watch anticipates 59 to 63 nett caller system-wide restaurants for fiscal twelvemonth 2026, with planned superior expenditure to beryllium betwixt $150m and $160m.

"First Watch gross rises 17% to $331m successful Q1 2026" was primitively created and published by Verdict Food Service, a GlobalData owned brand.

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