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First Watch Restaurant Group, Inc. Announces Retirement of Chief Financial Officer Mel Hope and Transition Plan
Globenewswire· 2026-02-24 12:05
Core Viewpoint - First Watch Restaurant Group, Inc. announces the retirement of Chief Financial Officer Mel Hope, who will assist in the transition to his successor, ensuring continuity in financial leadership [1][2][3] Company Leadership Transition - Mel Hope has been with First Watch since 2018 and has played a crucial role in guiding the company through its IPO and various growth phases [2] - The company is actively seeking both internal and external candidates for the CFO position, with Hope expected to remain until a successor is appointed [1][2] Company Overview - First Watch is recognized as a leading Daytime Dining concept, specializing in made-to-order breakfast, brunch, and lunch using fresh ingredients [3] - The company operates over 630 restaurants across 32 states and has received multiple awards, including 1 Best Breakfast by Newsweek's Readers' Choice Awards 2025 [3] - First Watch has a commitment to community impact, having raised approximately $2.0 million through donations linked to children's meals served [3]
First Watch Restaurant Group, Inc. to Report Fourth Quarter and Fiscal Year 2025 Financial Results on February 24, 2026
Globenewswire· 2026-02-10 13:00
Core Viewpoint - First Watch Restaurant Group, Inc. is set to release its fourth quarter and fiscal year 2025 financial results on February 24, 2026, before market opening [1]. Group 1: Financial Results Announcement - The financial results will be announced prior to market opening on February 24, 2026 [1]. - A conference call and webcast will follow the announcement at 8:00 AM ET, hosted by the CEO and CFO [2]. Group 2: Company Overview - First Watch is recognized as the leading Daytime Dining concept, specializing in made-to-order breakfast, brunch, and lunch using fresh ingredients [3]. - The company operates over 630 restaurants across 32 states, emphasizing quality, hospitality, and community engagement [3]. - First Watch has received numerous awards, including being voted 1 Best Breakfast by Newsweek's Readers' Choice Awards in 2025 and recognized as the 1 Most Loved Workplace in America for 2024 and 2025 [3].
First Watch Restaurant Group, Inc. Reports Preliminary Operational Metrics for the Fourth Quarter and Fiscal Year 2025
Globenewswire· 2026-01-12 12:00
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].
First Watch Restaurant Group, Inc. Announces Appointment of Rachel Tipograph to Board of Directors
Globenewswire· 2025-12-29 21:05
Core Insights - First Watch Restaurant Group, Inc. has appointed Rachel Tipograph to its Board of Directors, enhancing its leadership team as it aims to scale the brand through digital transformation and customer acquisition strategies [1][2]. Company Overview - First Watch is recognized as a leading Daytime Dining concept, specializing in made-to-order breakfast, brunch, and lunch, with a commitment to using the freshest ingredients [5]. - The company operates over 620 restaurants across 32 states, guided by its "Follow the Sun" culinary philosophy, which features a rotating menu that changes five times a year [5]. - First Watch has received numerous accolades, including being voted 2025's 1 Best Breakfast by Newsweek's Readers' Choice Awards and recognized as the 1 Most Loved Workplace in America for 2024 and 2025 [5]. Leadership and Expertise - Rachel Tipograph brings over 11 years of experience as the founder and CEO of MikMak, a commerce enablement and analytics software company, and previously served as Global Head of Digital and Social Media at Gap, Inc. [3][4]. - The Board of Directors includes members with diverse backgrounds, enhancing the company's strategic direction and operational expertise [4].
First Watch Restaurant Group, Inc. to Participate in Two December Investor Conferences
Globenewswire· 2025-11-25 13:00
Core Insights - First Watch Restaurant Group, Inc. will participate in two investor conferences in December 2025, including a fireside chat at the Barclays Annual Eat, Sleep, Play, Shop Conference and the Raymond James TMT & Consumer Conference [1][3] Company Overview - First Watch is a leading Daytime Dining concept specializing in made-to-order breakfast, brunch, and lunch, utilizing the freshest ingredients available [2] - The company's culinary philosophy, "Follow the Sun," features a chef-driven menu that rotates five times a year, highlighting seasonal flavors and popular dishes such as Lemon Ricotta Pancakes and Million Dollar Bacon [2] - First Watch has raised over $1.7 million through donations for every kid's meal served, supporting various community causes [2] - The company has received numerous awards, including being voted 2025's 1 Best Breakfast by Newsweek's Readers' Choice Awards and recognized as the 1 Most Loved Workplace in America for 2024 and 2025 [2] - First Watch operates over 620 restaurants across 32 states, focusing on quality, hospitality, and community engagement [2]
First Watch Restaurant Group, Inc. to Participate at the Stephens Annual Investment Conference on November 18-19, 2025
Globenewswire· 2025-11-13 21:05
Core Insights - First Watch Restaurant Group, Inc. will participate in the Stephens Annual Investment Conference on November 18, 2025, to engage with institutional investors and host a fireside chat [1] - The fireside chat will be available for live streaming and will be archived on the company's investor relations website [2] Company Overview - First Watch is recognized as the leading Daytime Dining concept, specializing in made-to-order breakfast, brunch, and lunch with a focus on fresh ingredients [3] - The company follows a "Follow the Sun" culinary philosophy, rotating its chef-driven menu five times a year to highlight seasonal flavors and offering popular dishes such as Lemon Ricotta Pancakes and Million Dollar Bacon [3] - First Watch has raised over $1.7 million through donations linked to children's meals served, supporting various community organizations [3] - The company has received numerous accolades, including being voted 2025's 1 Best Breakfast by Newsweek's Readers' Choice Awards and recognized as the 1 Most Loved Workplace in America for 2024 and 2025 [3] - First Watch operates more than 620 restaurants across 32 states, emphasizing quality, hospitality, and community engagement [3]
First Watch Restaurant Group, Inc. to Report Third Quarter 2025 Financial Results on November 4, 2025
Globenewswire· 2025-10-21 12:00
Core Insights - First Watch Restaurant Group, Inc. plans to release its third quarter 2025 financial results on November 4, 2025, before the market opens [1] - A conference call and webcast will follow the earnings release at 8:00 AM ET, hosted by the CEO and CFO [2] Company Overview - First Watch is a leading Daytime Dining concept specializing in made-to-order breakfast, brunch, and lunch using fresh ingredients [3] - The company operates over 600 restaurants across 32 states and has received numerous awards, including 2025's 1 Best Breakfast by Newsweek's Readers' Choice Awards [3] - First Watch has raised over $1.7 million for community causes through its initiative of donating a portion of every kid's meal served [3]
First Watch Restaurant Group, Inc. to Participate at Piper Sandler’s Growth Frontiers Conference on September 9-11, 2025
Globenewswire· 2025-08-27 13:00
Group 1 - First Watch Restaurant Group, Inc. will host a fireside chat at Piper Sandler's Growth Frontiers Conference on September 10, 2025, at 3:30 PM ET in Nashville, Tennessee [1] - The fireside chat will be available for live webcast and will be archived on the company's investor relations website [2] - First Watch is recognized as the leading Daytime Dining concept, serving made-to-order breakfast, brunch, and lunch with a focus on fresh ingredients [3] Group 2 - The company's culinary philosophy, "Follow the Sun," features a chef-driven menu that rotates five times a year to highlight seasonal flavors [3] - First Watch has raised over $1.7 million through donations for every kid's meal served, supporting various community organizations [3] - The company operates more than 600 restaurants across 31 states and has received numerous awards for its breakfast and brunch offerings [3]
First Watch Restaurant Group, Inc. to Report Second Quarter 2025 Financial Results on August 5, 2025
Globenewswire· 2025-07-22 12:00
Core Insights - First Watch Restaurant Group, Inc. plans to release its second quarter 2025 financial results on August 5, 2025, before the market opens [1] - A conference call and webcast will be held on the same day at 8:00 AM ET, hosted by the CEO and CFO [2] Company Overview - First Watch is a leading Daytime Dining concept specializing in made-to-order breakfast, brunch, and lunch using fresh ingredients [3] - The company follows a "Follow the Sun" culinary philosophy, rotating its chef-driven menu five times a year to highlight seasonal flavors [3] - First Watch has raised over $1.7 million for community causes through its donations for every kid's meal served [3] - The company operates more than 580 restaurants across 31 states and has received numerous awards for its breakfast and brunch offerings [3]
First Watch Acquires 16 Franchise Restaurants in North and South Carolina
Globenewswire· 2025-04-28 20:05
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].