First Watch Restaurant Group, Inc.
FWRGNASDAQConsumer Cyclical● Active
$10.42
+$0.24(+2.36%)
Market Cap$642339706
P/E Ratio—
52W High$19.53
52W Low$10.09
First Watch Restaurant Group, Inc. (FWRG) Earnings: Dates, EPS & Revenue History
Quarterly EPS vs. estimates, revenue surprises, next earnings date, and analyst consensus.
FWRG · earnings · updated Jun 8, 2026
Latest Earnings
Q2 FY2026Report Date: May 5, 2026EPS Actual
-$0.04
Est. -$0.02 · -100.0%
Revenue
$0.33B
Est. $0.33B · +0.5%
Fiscal Period
Q2 FY2026
FY ends December
Report Date
May 5, 2026
After Market Close
▼ Miss EPS
FWRG reports quarterly as a NASDAQ-listed Restaurants company. Fiscal year ends in December. Data: FMP · Updated hourly.
Next Earnings Date
Days Away
85
days
Expected Date
Sep 1, 2026
Fiscal Period
Q3 FY2026
Release Time
◌ Time TBD (Unconfirmed)EPS Est.
—
Days Away85
Expected DateSep 1, 2026
Fiscal PeriodQ3 FY2026
Release TimeTime TBD (Unconfirmed)
EPS Est.—
EPS & Revenue vs. Estimates
Actual (Beat)
Actual (Miss)
Estimated
Earnings History
| Period | Report Date | EPS Est. | EPS Actual | EPS Surpr. | Revenue | Rev. Est. | Rev. Surpr. |
|---|---|---|---|---|---|---|---|
| ◌ Q3 FY2026 | Aug 4, 2026 | $0.06 | — | — | — | $0.35B | — |
| ▼ Q2 FY2026 | May 5, 2026 | -$0.02 | -$0.04 | -100.0% | $0.33B | $0.33B | +0.5% |
| ▲ Q1 FY2026 | Feb 24, 2026 | $0.08 | $0.24 | +200.0% | $0.32B | $0.32B | +0.0% |
| ▼ Q4 FY2025 | Nov 4, 2025 | $0.08 | $0.05 | -37.5% | $0.32B | $0.32B | -0.5% |
| ▼ Q3 FY2025 | Aug 5, 2025 | $0.07 | $0.03 | -57.1% | $0.31B | $0.31B | +0.6% |
| ▼ Q2 FY2025 | May 6, 2025 | $0.04 | -$0.01 | -125.0% | $0.28B | $0.31B | -8.1% |
| ▼ Q1 FY2025 | Mar 11, 2025 | $0.02 | $0.01 | -50.0% | $0.26B | $0.28B | -7.3% |
| ▼ Q4 FY2024 | Nov 7, 2024 | $0.05 | $0.03 | -40.0% | $0.25B | $0.26B | -4.7% |
Q3 FY2026
Aug 4, 2026
EPS Actual
—
EPS Est.
$0.06
EPS Surpr.
—
Revenue
—
Q2 FY2026
May 5, 2026Miss
EPS Actual
-$0.04
EPS Est.
-$0.02
EPS Surpr.
-100.0%
Revenue
$0.33B
Q1 FY2026
Feb 24, 2026Beat
EPS Actual
$0.24
EPS Est.
$0.08
EPS Surpr.
+200.0%
Revenue
$0.32B
Q4 FY2025
Nov 4, 2025Miss
EPS Actual
$0.05
EPS Est.
$0.08
EPS Surpr.
-37.5%
Revenue
$0.32B
Q3 FY2025
Aug 5, 2025Miss
EPS Actual
$0.03
EPS Est.
$0.07
EPS Surpr.
-57.1%
Revenue
$0.31B
Q2 FY2025
May 6, 2025Miss
EPS Actual
-$0.01
EPS Est.
$0.04
EPS Surpr.
-125.0%
Revenue
$0.28B
Q1 FY2025
Mar 11, 2025Miss
EPS Actual
$0.01
EPS Est.
$0.02
EPS Surpr.
-50.0%
Revenue
$0.26B
Q4 FY2024
Nov 7, 2024Miss
EPS Actual
$0.03
EPS Est.
$0.05
EPS Surpr.
-40.0%
Revenue
$0.25B
Analyst Estimates
EPS Estimates
| Period | Low | Consensus | High | # Analysts |
|---|---|---|---|---|
| Q4 FY2028 | $0.14 | $0.14 | $0.14 | 4 |
| Q3 FY2028 | $0.05 | $0.05 | $0.05 | 4 |
| Q2 FY2028 | $0.11 | $0.11 | $0.11 | 4 |
| Q1 FY2028 | $0.06 | $0.06 | $0.06 | 4 |
| Q4 FY2027 | $0.09 | $0.09 | $0.09 | 3 |
| Q3 FY2027 | $0.08 | $0.08 | $0.08 | 3 |
Revenue Estimates
| Period | Low | Consensus | High | # Analysts |
|---|---|---|---|---|
| Q4 FY2028 | $0.4B | $0.5B | $0.5B | 4 |
| Q3 FY2028 | $0.4B | $0.4B | $0.4B | 4 |
| Q2 FY2028 | $0.4B | $0.4B | $0.4B | 4 |
| Q1 FY2028 | $0.4B | $0.4B | $0.4B | 4 |
| Q4 FY2027 | $0.4B | $0.4B | $0.4B | 3 |
| Q3 FY2027 | $0.4B | $0.4B | $0.4B | 3 |
Earnings Price Reaction
Closing price one trading day before vs. one trading day after each earnings release.
| Period | Report Date | EPS Beat/Miss | Price Before | Price After | 1D Reaction |
|---|---|---|---|---|---|
| ▼ Q2 FY2026 | May 5, 2026 | -100.0% | $12.21 | $12.18 | -0.25% |
| ▲ Q1 FY2026 | Feb 24, 2026 | +200.0% | $15.50 | $12.32 | -20.52% |
| ▼ Q4 FY2025 | Nov 4, 2025 | -37.5% | $15.85 | $17.60 | +11.04% |
| ▼ Q3 FY2025 | Aug 5, 2025 | -57.1% | $17.24 | $17.85 | +3.54% |
| ▼ Q2 FY2025 | May 6, 2025 | -125.0% | $18.61 | $15.33 | -17.62% |
| ▼ Q1 FY2025 | Mar 11, 2025 | -50.0% | $18.10 | $16.83 | -7.02% |
| ▼ Q4 FY2024 | Nov 7, 2024 | -40.0% | $18.25 | $20.83 | +14.14% |
| ▲ Q3 FY2024 | Aug 6, 2024 | +16.7% | $14.28 | $15.86 | +11.06% |
Q2 FY2026-0.25%
Report Date
May 5, 2026
EPS Beat/Miss
-100.0%
Price Before
$12.21
Price After
$12.18
Q1 FY2026-20.52%
Report Date
Feb 24, 2026
EPS Beat/Miss
+200.0%
Price Before
$15.50
Price After
$12.32
Q4 FY2025+11.04%
Report Date
Nov 4, 2025
EPS Beat/Miss
-37.5%
Price Before
$15.85
Price After
$17.60
Q3 FY2025+3.54%
Report Date
Aug 5, 2025
EPS Beat/Miss
-57.1%
Price Before
$17.24
Price After
$17.85
Q2 FY2025-17.62%
Report Date
May 6, 2025
EPS Beat/Miss
-125.0%
Price Before
$18.61
Price After
$15.33
Q1 FY2025-7.02%
Report Date
Mar 11, 2025
EPS Beat/Miss
-50.0%
Price Before
$18.10
Price After
$16.83
Q4 FY2024+14.14%
Report Date
Nov 7, 2024
EPS Beat/Miss
-40.0%
Price Before
$18.25
Price After
$20.83
Q3 FY2024+11.06%
Report Date
Aug 6, 2024
EPS Beat/Miss
+16.7%
Price Before
$14.28
Price After
$15.86
Avg Beat Reaction-4.73%
Avg Miss Reaction+0.64%
Beat Rate2 / 8 quarters
Largest Move-20.52% (Q1 FY2026)
Data: FMP /historical-price-eod/full · field: close
About Earnings & Data Methodology
Data source: Financial Modeling Prep (FMP) | Updated: Hourly | Surprise%: (Actual − Estimate) / |Estimate| × 100 | Fiscal year: FWRG ends December
First Watch Restaurant Group, Inc. (FWRG) most recently reported earnings on May 5, 2026 for Q2 FY2026, posting EPS of $-0.04 — missing the analyst consensus of $-0.02 by -100.0%. The next FWRG earnings date is expected around September 1, 2026.
Each quarter, investors track FWRG earnings for signals on forward guidance and business momentum. For longer-term revenue trends, see the Revenue tab. FWRG revenue tab →
Earnings Glossary
EPS (Earnings Per Share)
Net income ÷ diluted shares outstanding. The primary metric analysts use to gauge quarterly profitability.
Earnings Surprise %
(Actual − Estimate) / |Estimate| × 100. Positive = Beat. Negative = Miss.
Beat / Miss / In-Line
Beat = Actual ≥ Estimate. Miss = Actual < Estimate. In-Line = within ±1%.
BMO / AMC
Before Market Open / After Market Close. Two windows when companies typically release results.
Fiscal Quarter
FWRG's fiscal year ends in December. Fiscal quarters may not align with calendar quarters.
Analyst Consensus
Average EPS/Revenue forecast across all covering analysts. More analysts = more reliable estimate.
Figures tie to FMP earnings calendar, estimates, and SEC 10-Q/10-K filings where noted.
Frequently asked questions
FWRG earnings · 5 questionsFirst Watch Restaurant Group, Inc.'s next earnings report is expected around September 1, 2026. FWRG typically reports quarterly — approximately every three months. The exact date is confirmed by the company 2–4 weeks before the release. Time is currently TBD; FWRG historically reports after market close (AMC).
FWRG earnings datewhen is FWRG earningsFWRG next earnings datewhen does FWRG report earningsFWRG earnings calendar
▸ Source: FMP · First Watch Restaurant Group, Inc. SEC filings · US GAAP · First Watch Restaurant Group, Inc. SEC 10-K & 10-Q filings · US GAAP · Updated: Jun 8, 2026