First Watch hosts inaugural investor day to outline growth strategy
FWRG•First Watch will hold its inaugural Investor Day in Boston on November 12, 2026, outlining a long-term opportunity for more than 2,200 restaurants in the continental U.S. Management expects positive free cash flow beginning in 2027 and 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, beginning at 8:30 a.m. ET. The company plans to outline its growth strategy, including a long-term opportunity for more than 2,200 restaurants across the continental U.S.; management expects positive free cash flow starting in 2027 and annual adjusted EBITDA growth exceeding 15% in 2027 and 2028.
