First Watch Q1: Beats EBITDA, Misses EPS

First Watch, a Nasdaq-listed breakfast chain, reported Q1 2026 results, meeting revenue targets at $331M, up 17.3% YoY. They exceeded adjusted EBITDA expectations at $27.8M but missed GAAP EPS estimates by a penny. The company now operates 648 locations, adding 16 new spots, and saw a 2.8% YoY increase in same-store sales. CEO Chris Tomasso praised the teams performance, and the stock rose 2.2% to $12.48. Full-year EBITDA guidance matches analysts expectations as they continue rapid expansion in a competitive diner space. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/79fc4fec91d757d9