First Watch is a modern, upscale brunch-focused diner outpacing legacy competitors with strong comps, rising margins, and affluent customer appeal. FWRG reported 25.6% revenue growth, 7.1% comps, and ...

First Watch opened a record-setting 64 new restaurants in 2025, which drove the casual-dining breakfast brand’s 3.1% same-store sales growth in Q4. With the company more than one-quarter of the way ...

First Watch remains a buy despite weaker 2026 guidance and near-term sector headwinds. FWRG targets 12–14% revenue growth in 2026, driven by 9% new locations, 1% from franchise buybacks, and 1–3% ...