First Watch Restaurant Group, Inc. Reports Preliminary Operational Metrics for the Fourth Quarter and Fiscal Year 2025

Core Insights - First Watch Restaurant Group reported preliminary operational metrics for the fourth quarter and fiscal year ended December 28, 2025, highlighting growth in same-restaurant sales and new restaurant openings [1][2]. Sales and Traffic Highlights - Same-restaurant sales growth for the fourth quarter was +3.1% and +3.6% for the fiscal year 2025 [3]. - Same-restaurant traffic growth was -1.9% in the fourth quarter but improved to +0.5% for the entire fiscal year [3]. Restaurant Development - In the fourth quarter, First Watch opened 13 new restaurants, comprising 12 company-owned and one franchise-owned [4]. - For the fiscal year 2025, the company achieved a total of 64 new restaurant openings (55 company-owned and nine franchise-owned) and recorded three closures, bringing the total to 633 system-wide restaurants by December 28, 2025 [4]. Company Strategy and Outlook - The CEO emphasized confidence in the execution of the long-term strategy and the strength of the pipeline for 2026, with new restaurant classes outperforming expectations [2].