net loss News & Analysis

First Watch (FWGH) Q1 2026 Revenue Grows 17% to $331 Million

First Watch Restaurant Group (FWGH) reported total revenue of $331 million for Q1 2026, up 17.3% from $282.2 million in Q1 2025. The company experienced a net loss of $2.7 million, compared to a loss of $0.8 million in the same quarter last year. Same-restaurant sales increased by 2.8%, though traffic decreased by 2%. The company opened 16 new locations during the quarter and projects revenue growth of 12% to 14% for the full year 2026, with expected same-restaurant sales growth of 1% to 3%.