First Watch Restaurant reports Q1 EPS (4c), consensus (3c)

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.”