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FW

First Watch Restaurant Group, Inc. (FWRG)

NASDAQ • Consumer Cyclical

$10.89
-$0.67 (-5.8%)
Market open

Last close at October 23, 2026 at 20:00 UTC

Open$11.4
Previous Close$10.89
Day Range$10.66 - $11.51
Avg. Volume (3M)1.6M
Market Cap$672M
P/E Ratio36.3
52 Week Range
$9.88$18.77
Next EarningsIn 9 daysNov 3, 2026

Metrics Over Time

Where the Money Goes

Q2 2026
Revenueeverything earned$354.6M100%
Gross Profitminus cost of goods$272M77%
Operating Incomeminus R&D and overhead$33.7M10%
Net Incomeminus taxes and the rest$2.3M1%

In plain terms: out of every $100 in revenue, First Watch Restaurant Group, Inc. keeps $1 as net profit.

Fundamentals & Financials

Revenue (TTM)
$1.3B
Net Income (TTM)
$17.8M
EPS (TTM)
$0.3
ROA (TTM)
0.98%
Current Ratio
0.27

TTM is calculated as the sum of the four most recently completed quarters. This is a standard approach when monthly or real-time data is not available.

Earnings

+200.0%Q1 2026$0.24
-100.0%Q2 2026-$0.04
-24.0%Q3 2026$0.04
Next

Nov 3

in 9 daysQ4 2026

% — EPS deviation from the forecast (beat / miss); quarters without a forecast show the reported EPS

Next report — what to expect

First Watch Restaurant Group, Inc. (FWRG) reports next on November 3, 2026. Wall Street expects EPS of $0.03 on revenue of $349.9 million. For trailing context, revenue grew +15.2% year over year last quarter. Historically, it has beaten EPS in 1 of 8 most recent quarters.

View full earnings history

About First Watch Restaurant Group, Inc.

First Watch Restaurant Group, Inc. operates daytime dining restaurants in the consumer-discretionary restaurant business and trades on the NASDAQ under FWRG. The company runs and licenses the First Watch brand through company-owned and franchised locations, and generated $1.2 billion of revenue in FY2025.

Name
First Watch Restaurant Group, Inc.
CEO
Christopher A. Tomasso
Industry
Consumer Cyclical
Year Founded
1983
Employees
18,000

Today's Snapshot

AI-generated

FWRG closed 5.8% below yesterday's close. FWRG is due to report earnings on 3 November.

Trading Volume

Below 10d avg (1.6M)

1.5M

vs S&P 500 Today

Strong Underperformance

-5.28%

Updated: October 23, 2026 at 20:11 UTC

Technical Indicators

1 Buy2 Neutral5 Sell
FWRG is exhibiting short-term weakness as the market sits below its short-, medium- and long-term moving averages, reflecting broad selling pressure across timeframes. Momentum is tepid with a small negative momentum reading and neutral RSI, while MACD shows only a marginal bullish reading that fails to offset downside signals. Trend strength is modest and ATR indicates notable intraday range relative to price. Volume signals are mixed—OBV suggests some accumulation even as price-based indicators favor distribution—and the pivot point is above the current quote. Technical takeaway: Sell.
All signals
  • EMA (5 indicators)$11.32 - $12.91
    Sell
  • RSI (14)45.13
    Neutral
  • Stochastic %K (14, 3, 3)39.59
    Neutral
  • MACD Level (12, 26)0.13
    Buy
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