Filing Flows › First Watch Restaurant Group (FWRG) › Franchisor Owned Outlet revenue
First Watch Restaurant Group (FWRG) Franchisor Owned Outlet revenue by quarter
First Watch Restaurant Group's Franchisor Owned Outlet revenue was $347M in Q3 2026 (third quarter 2026), -1% from Q2 2026. Over the last 7 quarters it ranged from $280M (Q1 2025) to $351M (Q2 2026).
| Quarter | Franchisor Owned Outlet revenue | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | $347M | -1% | +11% |
| Q2 2026 | $351M | +7% | +15% |
| Q1 2026 | $328M | +5% | +17% |
| Q4 2025 | $314M | +0.1% | — |
| Q3 2025 | $314M | +3% | — |
| Q2 2025 | $305M | +9% | — |
| Q1 2025 | $280M | — | — |
Q3 2026 at a glance
First Watch Restaurant Group, Q3 2026: revenue $350M (+11% year over year), operating margin 3.2%, net earnings $4.8M, operating cash flow $48.5M. The chart follows the revenue to costs, profit and cash.
Questions
What is First Watch Restaurant Group's Franchisor Owned Outlet revenue?
First Watch Restaurant Group's Franchisor Owned Outlet revenue was $347M in Q3 2026 (third quarter 2026), -1% from Q2 2026.
How has First Watch Restaurant Group's Franchisor Owned Outlet revenue changed?
Over the last 7 quarters it ranged from $280M (Q1 2025) to $351M (Q2 2026).
Q3 2026 results → · How First Watch Restaurant Group makes money →