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First Watch Restaurant Group (FWRG) guidance and outlook
First Watch Restaurant Group (FWRG) raised some and lowered other parts of its guidance on Nov 3, 2026: Capital expenditures $145M for FY2026. First Watch Restaurant Group's 10-Q filed Nov 3, 2026 makes 6 forward-looking statements.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| Capital expenditures | FY2026 | $145M | lowered |
From the earnings release filed Nov 3, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Nov 3, 2026
- We expect annual same-restaurant sales growth to be approximately 2.0%.
- We expect our full year commodity inflation to be approximately flat.
- Throughout this MD&A, we discuss the following key operating metrics that we believe will drive our financial results and long-term growth model.
- We anticipate that to the extent that we require additional liquidity, or should we decide to pursue one or more significant acquisitions, the funds would be furnished first through additional indebtedness and thereafter through the issuance of equity.
- We estimate that our capital expenditures will total approximately $145.0 million in 2026.
- We intend to fund the capital expenditures primarily with cash generated from our operating activities as well as with borrowings pursuant to our Credit Agreement.
First Watch Restaurant Group's latest quarter
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
Did First Watch Restaurant Group raise or lower its guidance?
First Watch Restaurant Group (FWRG) raised some and lowered other parts of its guidance on Nov 3, 2026: Capital expenditures $145M for FY2026.
What does First Watch Restaurant Group expect?
We expect annual same-restaurant sales growth to be approximately 2.0%. We expect our full year commodity inflation to be approximately flat. Throughout this MD&A, we discuss the following key operating metrics that we believe will drive our financial results and long-term growth model.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.