First Watch Reports Q1 2026 Earnings with Revenue Growth and Margin Improvements
First Watch (FWRG) reported Q1 2026 earnings with total revenue of $331 million, a 17.3% increase, driven by same-restaurant sales and new locations. The company saw an 18.5% restaurant-level operating profit margin, up 200 basis points, but faced a 2% decline in same-restaurant traffic due to weather. Adjusted EBITDA rose 22.2% to $27.8 million.
Topics: Earnings Menu Innovation Operating Profit Margin Restaurant Expansion Revenue Growth Same-Restaurant Sales