First Watch (FWRG) Q4 2025 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Tue, February 24, 2026 astatine 9:28 AM CST 46 min read

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Tuesday, Feb. 24, 2026 astatine 8 a.m. ET

• Chief Executive Officer & President — Christopher A. Tomasso

• Chief Financial Officer — Henry Melville Hope

• Vice President, Investor Relations — Steven Marotta

• Chief Brand Officer — Matt Eisenacher

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Operator: Thank you for lasting by, and invited to the First Watch Restaurant Group, Inc. Fourth Quarter Earnings Conference Call occurring today, 02/24/2026 astatine 8:00 AM Eastern Time. Please enactment that each participants are presently successful a listen-only mode. Following the presentation, the league telephone volition beryllium unfastened for questions, and instructions connected however to inquire a question volition beryllium fixed astatine that time. This telephone volition beryllium archived and disposable for replay astatine investors.firstwatch.com nether the News and Events section. I would present similar to crook the telephone implicit to Steven Marotta, Vice President of Investor Relations astatine First Watch Restaurant Group, Inc. to begin. Hello, everyone.

Steven Marotta: I americium joined by First Watch Restaurant Group, Inc.'s Chief Executive Officer and President, Christopher A. Tomasso, and Chief Financial Officer, Henry Melville Hope. This morning, First Watch Restaurant Group, Inc. issued its net merchandise for the afloat twelvemonth and 2025 connected GlobeNewswire and filed its yearly study connected Form 10-K with the SEC. These documents tin beryllium recovered astatine investors.firstwatch.com. This league telephone volition see forward-looking statements that are taxable to assorted risks and uncertainties that could origin the company's existent results to disagree materially from these statements. Such statements include, without limitation, statements concerning the conditions of the company's industry, and its operations, performance, fiscal condition, outlook, maturation plans and strategies, and aboriginal expenses.

Any specified statements should beryllium considered successful conjunction with the cautionary statements successful the company's net release, and the hazard origin disclosure successful the company's filings with the SEC including our yearly study connected Form 10-K and quarterly reports connected Form 10-Q. First Watch Restaurant Group, Inc. assumes nary work to update these forward-looking statements whether arsenic a effect of caller information, aboriginal developments, oregon otherwise, but arsenic whitethorn beryllium required by law. Lastly, management's remarks contiguous volition see notation to assorted non-GAAP measures, including restaurant-level operating profit, restaurant-level operating nett margin, adjusted EBITDA, and adjusted EBITDA margin.