First Watch Restaurant Group, Inc.

Operating under the First Watch brand, the company runs and franchises casual dining restaurants across the United States. The restaurant chain focuses on breakfast, brunch, and lunch service, offering a menu centered on these dayparts. First Watch generates revenue through company-operated locations and franchise fees and royalties from franchised units.

The company operates a two-tier business model comprising corporate-owned restaurants and a franchised unit network. Company-operated locations represent the primary revenue source, while the franchise system provides recurring revenue streams through licensing and ongoing royalty payments. The chain's geographic footprint spans multiple states, with concentration in the Southeast and expansion into additional markets.

First Watch employed approximately 17,500 full-time employees as of the most recent reporting period, reflecting its position as a mid-sized casual dining operator. The company is incorporated in Delaware and maintains headquarters in Bradenton, Florida, where it was originally founded in 1983. First Watch trades on the Nasdaq under the ticker FWRG.