First Watch Q2 FY26 net income rises 11.1% to $2.3 million; revenue increases 15.2% to $354.7 million
FWRG•First Watch reports higher Q2 FY26 profit and revenue
- First Watch posted Q2 net income of USD 2.3 million, or USD 0.04 per diluted share, up from USD 2.1 million, or USD 0.03.
- Revenue climbed 15.2% to USD 354.7 million, while same-restaurant sales rose 3.4%.
- Same-restaurant traffic slipped 0.4%, though CEO Chris Tomasso said traffic turned positive in June.
- Adjusted EBITDA (non-GAAP) increased to USD 34.5 million from USD 30.4 million.
- Guidance calls for 2026 same-restaurant sales growth of 1.5%-3%, revenue growth of 12.5%-14%, and 60-62 net new restaurants.
