First Watch Reports 25.6% Revenue Growth and Hosts Live ICR Conference Chat
First Watch’s CEO Tomasso and CFO Hope will host a fireside chat at the 28th Annual ICR Conference on January 12, 2026, accessible via investor site. A Seeking Alpha analysis reports 25.6% revenue growth, 7.1% comparable-restaurant sales gains and an 80-basis-point margin expansion driven by traffic and efficiency improvements.
1. Executive Presentation at 28th Annual ICR Conference
First Watch Restaurant Group management will host a fireside chat on January 12, 2026 at 11:00 a.m. Eastern Time, led by CEO Chris Tomasso and CFO Mel Hope. The live webcast will be available in the News & Events section of the company’s investor website and archived shortly thereafter. In addition to the scheduled presentation, First Watch executives will hold one-on-one meetings with institutional investors to discuss recent performance trends and strategic priorities for fiscal 2026.
2. Strong Same-Store Sales and Margin Expansion
In its latest quarterly update, First Watch reported same-store sales growth of 7.1%, driven equally by a 3.5% increase in average check and a 3.6% rise in transactions. The mix of higher-margin brunch items and improved kitchen efficiencies delivered an 80 basis-point expansion in restaurant-level operating margin. Total system-wide revenue increased by 25.6% year-over-year, reflecting contributions from 45 net new restaurant openings over the past twelve months.
3. Disciplined Growth and Community Investing
First Watch operates more than 620 locations across 32 states, leveraging a proprietary site-selection model that repurposes underperforming or vacated restaurant real estate to lower development costs by approximately 20%. The company’s chef-driven menu rotates five times annually, emphasizing seasonal ingredients and specialty offerings such as Kale Tonic juice and Million Dollar Bacon. On the philanthropic front, First Watch has donated over $1.7 million to youth-focused charities through its Kids Helping Kids program, allocating a portion of proceeds from every children’s meal sold.