First Watch Restaurant Group, Inc.
NNASDAQ:FWRGCapital Structure
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in mil. unless spec.Company Description
- CEO
- Christopher A. Tomasso
- Full Time Employees
- 17,500
- Sector
- Consumer services
- Industry
- Restaurants
- Address
- 8725 Pendery Place Bradenton FL United States 34201
- IPO Date
- Oct 1, 2021
- CIK
- 0001789940
- Website
- firstwatch.com
- Similar Companies
- Business
- First Watch Restaurant Group, Inc. (Nasdaq: FWRG) owns, operates, and franchises daytime dining restaurants under the First Watch brand, specializing in made-to-order breakfast, brunch, and lunch meals served exclusively from 7:00 a.m. to 2:30 p.m.; core menu offerings include juices from the Juice Bar such as Morning Meditation, superfoods bowls like the A.M. Superfoods Bowl with coconut milk chia seed pudding, fresh fruits, and housemade granola, healthy omelets and frittatas featuring cage-free eggs with options like Healthy Turkey or Smoked Salmon and Roasted Vegetable, griddle items including multigrain pancakes, lemon ricotta pancakes, and seasonal specials like Cheesecake Holey Donuts with Nutella or Double Bacon Parmesan Hash, salads such as Superfood Kale, Chicken Avocado Chop, and Cobb with turkey and bacon, sandwiches like the Monterey Club with turkey and avocado or BLTE with cage-free eggs, and kid-friendly choices including Granola Bow and Chocolate Chip Pancakes; alcoholic beverages and cocktails complement the daytime menu, alongside signature items like Million Dollar Bacon. Founded in 1983 in Pacific Grove, California, by Ken Pendery and John Sullivan, the company relocated its headquarters to Bradenton, Florida, in 1986 and now operates over 535 restaurants across 29 U.S. states with approximately 14,000 employees; it also owns Sun & Fork by First Watch, a fast-casual café concept in Nashville, Tennessee. Since its Nasdaq initial public offering in October 2021 raising $170 million, First Watch pursues aggressive refranchising through acquisitions, completing six transactions since May 2023 to reacquire 44-64 previously franchised restaurants including its second-largest deal in February 2025 for 16 locations plus development rights in North and South Carolina for $49 million and a prior January acquisition of 21 North Carolina units, thereby solidifying corporate ownership along the East Coast and enabling organic expansion; earlier moves encompass the 2014 purchase of The Good Egg in Arizona with subsequent conversions and the 2015 acquisition of Egg & I Restaurants chain.
Company News
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