First Watch Restaurant Group, Inc.
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See all $FWRG insider activity →First Watch (FWRG) reported Q2 2026 revenue up 15.2% to $354.7 million, with same-restaurant sales up 3.4% and system-wide sales at $397.0 million, according to the company. Adjusted EBITDA rose to $34.5 million. Management said carried pricing was 3.7% while same-restaurant traffic fell 0.4%, and it reduced full-year adjusted EBITDA guidance to $133–$136 million.
First Watch Restaurant Group (FWRG) reported Q2 2026 revenue of $354.7 million, up 15.2% year over year, with same-restaurant sales up 3.4% and traffic down 0.4%. Adjusted EBITDA was $34.5 million (9.7% margin). The company raised 2026 guidance to 12.5% to 14% revenue growth and $133 million to $136 million adjusted EBITDA, and plans to self-fund organic growth from 2027.
First Watch (FWRG) reported Q2 revenue of $354.7 million versus $351.4 million estimates and adjusted EPS of $0.05, in line. Adjusted EBITDA was $34.47 million versus $34.57 million estimates. Management cited sequential guest-traffic gains driven by marketing and menu innovation. Full-year EBITDA guidance midpoint was $134.5 million, below estimates.
Recent FWRG coverage spans earnings, sector analysis and financial news.
The quarter supports unit growth, but the call emphasized comps driven more by pricing than guest traffic, alongside a reduced EBITDA outlook.
Guidance raises and a shift to self-funded organic growth are likely to re-rate near-term cash-flow expectations, but traffic softness and beef-cost pressure remain key risks.
The earnings print is modestly positive on revenue and in-line EPS/EBITDA, but the full-year adjusted EBITDA midpoint comes in below consensus, creating a mixed setup for near-term expectations.
The article centers on an EPS miss and subsequent analyst EPS downgrades, while revenue forecasts and the consensus price target are largely unchanged.
Street optimism is reinforced via a fresh, specific analyst price target, but there is no new company fundamental disclosed.
alphai scores every news story that mentions FWRG with an AI model for sentiment and relevance, and aggregates insider trades from First Watch Restaurant Group, Inc.'s SEC EDGAR Form 4 filings. Figures refresh continuously.
First Watch (FWRG) reported Q2 2026 revenue up 15.2% to $354.7 million, with same-restaurant sales up 3.4% and system-wide sales at $397.0 million, according to the company. Adjusted EBITDA rose to $34.5 million. Management said carried pricing was 3.7% while same-restaurant traffic fell 0.4%, and it reduced full-year adjusted EBITDA guidance to $133–$136 million.
6 min readFirst Watch Restaurant Group (FWRG) reported Q2 2026 revenue of $354.7 million, up 15.2% year over year, with same-restaurant sales up 3.4% and traffic down 0.4%. Adjusted EBITDA was $34.5 million (9.7% margin). The company raised 2026 guidance to 12.5% to 14% revenue growth and $133 million to $136 million adjusted EBITDA, and plans to self-fund organic growth from 2027.
6 min readFirst Watch (FWRG) reported Q2 revenue of $354.7 million versus $351.4 million estimates and adjusted EPS of $0.05, in line. Adjusted EBITDA was $34.47 million versus $34.57 million estimates. Management cited sequential guest-traffic gains driven by marketing and menu innovation. Full-year EBITDA guidance midpoint was $134.5 million, below estimates.
6 min readSimply Wall St reports First Watch Restaurant Group (NASDAQ:FWRG) missed quarterly EPS by 18%, with statutory EPS of $0.04 versus expectations, while revenue of $355m met forecasts. For 2026, analysts’ consensus calls for revenue of $1.39b (+5.3%) and EPS of $0.10 (-64%). The consensus price target stays at $19.27.
6 min readTwo analysts issued bullish views on consumer stocks. TD Cowen’s Andrew Charles kept a Buy rating on First Watch Restaurant Group (FWRG) and set a $17.00 price target versus a $12.80 close. Booking Holdings (BKNG) saw Evercore ISI’s Mark Mahaney maintain a Buy; shares closed at $194.27. Consensus targets were $18.00 for FWRG and $223.36 for BKNG.
2 min readFirst Watch Restaurant Group (NASDAQ: FWRG) reported Q2 CY2026 revenue of $354.7 million, up 15.2% year on year and slightly above Wall Street’s $351.4 million estimate. Non-GAAP EPS was $0.05, in line. Adjusted EBITDA was $34.47 million, with full-year EBITDA guidance of $134.5 million at the midpoint. Management cited marketing and menu innovation, with margin pressure from higher beef costs.
6 min readFirst Watch Restaurant Group (NASDAQ:FWRG) reported Q2 CY2026 revenue of $354.7 million, up 15.2% year on year, slightly above Wall Street estimates by 0.9%. GAAP EPS was $0.04, $0.01 below consensus. Same-store sales rose 3.4% y/y. The stock rose 6.6% to $13.33 after results.
6 min readFirst Watch Restaurant Group, Inc. (FWRG) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99.1 2 exhibit991q22026.htm EX-99.1 Document Exhibit 99.1 First Watch Restaurant Group, Inc. Reports Q2 2026 Financial Results Same-Restaurant Sales Growth of 3.4% Total revenues increased 15.2% Net income of $2.3 million and Adjusted EBITDA of $34.5 million 18 new System-wide
6 min readFirst Watch Restaurant Group (NASDAQ:FWRG) will report earnings Tuesday before market open. Last quarter it posted $331M revenue, up 17.3% YoY, meeting revenue expectations and beating EBITDA and same-store sales estimates. This quarter analysts expect 14.1% revenue growth. The article cites an average analyst price target of $19.45 vs $12.85.
4 min readJefferies upgraded Friedrich Vorwerk Group SE to “hold” from “underperform” and kept its €65 price target, citing limited valuation downside after the stock fell about 40% from October. Jefferies forecasts 2026 EBITDA growth of 8% and EPS growth of 5%, and models 2027 revenue growth of 10% with a 21.7% EBITDA margin. The firm links backlog exposure to HVDC cable policy changes.
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