Brian Vaccaro

Andrew Barish

Gregory Francfort

James Salera

Jeffrey Bernstein

Jon Tower

Patrick Johnson

Todd Brooks

Andrew Charles

Brian Mullan

Sara Senatore

Andy Barish

Arian Razai

Isiah Austin

Jim Salera

Katherine Griffin

Pratik Patel

Zach Ogden

- First Watch Restaurant Group reported a **strong Q2 2025**, with the business returning to **positive traffic** and sequential improvement across all aspects.  **[1789940_2137459_0]** 
- The company targets **$2.7 million** for year three Average Unit Volumes (AUVs) and underwrites new restaurants to achieve **18%-20% restaurant-level operating profit**, with new units performing ahead of expectations.  **[1789940_2137459_2]** **[1789940_2137459_3]**  They are increasingly utilizing second-generation spaces without changing target economics.  **[1789940_2137459_4]** 
- First Watch is implementing a more sophisticated marketing approach, leveraging data from a recently relaunched app to drive more informed decisions and enhance customer experience.  **[1789940_2137459_0]** **[1789940_2137459_2]** 
- The company is the **fastest growing full-service restaurant company in the U.S.** and has observed a demographic shift over the past four to five years, now skewing more towards **Gen Z and Millennial** customers.  **[1789940_2137459_5]**

First Watch Restaurant Group Reports Strong Q2 2025 Performance and Strategic Growth Initiatives

- First Watch Restaurant Group reported a **strong Q2** with positive momentum, sequential business improvement, and a return to **positive traffic**.  **[1789940_2137449_0]** 
- The company's new restaurants are performing **ahead of underwriting criteria**, targeting **$2.7 million** in year three Average Unit Volumes (AUVs) and **18-20%** restaurant-level operating profit, with consistent returns across geographies, including an increasing number of **second-generation spaces**.  **[1789940_2137449_2]** **[1789940_2137449_3]** **[1789940_2137449_4]** 
- First Watch is the **fastest-growing full-service restaurant company in the U.S.**, actively gaining market share, and is evolving its brand and menu to successfully attract younger demographics like Gen Z and Millennials.  **[1789940_2137449_5]**

First Watch Restaurant Group Discusses Strong Q2 Performance and Growth Strategy

First Watch Restaurant Group (FWRG)