Core Viewpoint - First Watch Restaurant Group, Inc. has completed the acquisition of 16 franchise-owned restaurants in North Carolina and South Carolina for $49 million, marking the second largest franchisee deal in its history and emphasizing its long-term growth strategy [1][2]. Acquisition Details - The acquisition includes 16 locations in the Charlotte and Concord DMAs in North Carolina, and the Columbia and Greenville DMAs in South Carolina [2]. - This deal is part of First Watch's strategy to solidify corporate ownership along the East Coast and to provide additional territories for organic growth [2]. - Since May 2023, First Watch has acquired a total of 64 franchised restaurants across eight acquisitions [3]. Company Overview - First Watch is recognized for its Daytime Dining concept, serving made-to-order breakfast, brunch, and lunch with fresh ingredients [4]. - The company operates over 570 restaurants across 30 states and has received numerous accolades, including being named the 1 Most Loved Workplace in America for 2024 [4].

Conference call and webcast to be held the same day at 8:00 AM ET BRADENTON, Fla., April 22, 2025 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (NASDAQ: FWRG) ("First Watch" or the "Company"), the leading Daytime Dining concept serving breakfast, brunch and lunch, today announced that it plans to release its first quarter 2025 financial results on Tuesday, May 6, 2025, before the market opens. A conference call and webcast will follow at 8:00 AM ET, hosted by Chris Tomasso, Chief Executive Officer ...