First Watch Restaurant sees FY25 revenue growth of 20.0%-21.0%

Based upon third quarter results and current trends, the Company updated the following guidance metrics for the 52-week fiscal year ending December 28, 2025: Same-restaurant sales growth of ~4% with same-restaurant traffic growth of ~1%; Total revenue growth of 20.0%-21.0%; Adjusted EBITDA of ~$123.0 million; Blended tax rate of ~45.0%; Capital expenditures of ~$150.0 million invested primarily in new restaurant projects and planned remodels; 60 to 61 new system-wide restaurants, net of 3 company-owned restaurant closures