First Watch hosts inaugural investor day to outline growth strategy
FWRG•First Watch will outline its growth strategy at an investor day in Boston on November 12, 2026, including potential for more than 2,200 restaurants. It expects positive free cash flow beginning in 2027 and targets annual adjusted EBITDA growth above 15% in 2027 and 2028.
1. Growth targets
First Watch will host its inaugural investor day in Boston on November 12, 2026, at 8:30 a.m. ET. Management plans to outline a long-term opportunity for more than 2,200 restaurants across the continental U.S., expects positive free cash flow beginning in 2027, and targets annual adjusted EBITDA growth above 15% in 2027 and 2028.
