
First Watch Restaurant Gr (FWRG) earnings history, EPS estimates, revenue forecasts and company guidance.
Earnings Per Share (Non-GAAP)
Quarterly Revenue (Billions)
First Watch Restaurant Gr (FWRG) last issued guidance on November 3, 2026 for fiscal year 2026. The company guided revenue in the range of $1.39B - $1.39B for the period.
Compared to prior guidance, First Watch Restaurant Gr maintained its revenue forecast from a prior range of $1.38B - $1.39B.
First Watch Restaurant Gr has issued 17 guidance updates between November 7, 2022 and November 3, 2026. During this period, the company raised its outlook 6 times and lowered it 2 times, providing investors with insight into management's evolving expectations.
| Metric | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 |
|---|---|---|---|---|
| Earnings Per Share (Non-GAAP) | ||||
| Estimate | $0.03 | $0.06 | $-0.03 | $0.07 |
| Actual | $0.08 | $0.04 | $-0.04 | $0.24 |
| Surprise | +166.7% | -33.3% | -33.3% | +242.9% |
| Revenue | ||||
| Estimate | $349.3M | $352.1M | $329.3M | $315.8M |
| Actual | $349.9M | $354.7M | $331.0M | $316.4M |
| Surprise | +0.17% | +0.73% | +0.50% | +0.16% |
| Metric | Q4 '26E | Q1 '27E | Q2 '27E | Q3 '27E |
|---|---|---|---|---|
| Earnings Per Share (Non-GAAP) | ||||
| Consensus | $0.06 | $-0.01 | $0.07 | $0.04 |
| Revenue | ||||
| Consensus | $353.3M | — | — | — |
| Fiscal Quarter | Date Reported | Actual EPS | Estimated EPS | Surprise % |
|---|---|---|---|---|
| Q3 | Nov 3, 2026 | $0.08 | $0.03 | 166.7 % |
| Q2 | Aug 4, 2026 | $0.04 | $0.06 | -33.3 % |
| Q1 | May 5, 2026 | $-0.04 | $-0.03 | -33.3 % |
| Q4 | Feb 24, 2026 | $0.24 | $0.07 | 242.9 % |
| Fiscal Quarter | Date Reported | Actual Revenue | Estimated Revenue | Surprise % |
|---|---|---|---|---|
| Q3 | Nov 3, 2026 | $349.90M | $349.31M | 0.17 % |
| Q2 | Aug 4, 2026 | $354.67M | $352.11M | 0.73 % |
| Q1 | May 5, 2026 | $330.96M | $329.32M | 0.50 % |
| Q4 | Feb 24, 2026 | $316.35M | $315.83M | 0.16 % |