FWRG (First Watch Restaurant Group) Same Store Sales %: 3.40% (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FWRG First Watch Restaurant Group Inc FWRG
75 GF Score
Price $12.01
GF Value $22.39
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is First Watch Restaurant Group Same Store Sales %?

First Watch Restaurant Group FWRG -2.44% 75 Same Store Sales % is 3.40% as of Jun. 2026. GuruFocus rates FWRG with a GF Score™ of 75/100 and a GF Value™ of $22.39 (Possible Value Trap). The stock has 5 warning signs investors should review.

Same Store Sales %, also known as comparable-store sales, is the most important financial metric for restaurant operators to evaluate the performance of existing stores. It is the percentage growth of the average sales per store from the previous period to current period.

A positive number indicates that more sales were generated in the same store compared with the previous period, meaning demand is growing, while a negative number indicates the opposite.

First Watch Restaurant Group's Same Store Sales % for the quarter that ended in Jun. 2026 was 3.40% , which is higher than 2.80% for the pervious quarter ended in Mar. 2026.

First Watch Restaurant Group's Same Store Sales % for the annual that ended in Dec. 2025 was 3.60% , which is higher than -0.50% for the pervious year ended in Dec. 2024.

The historical rank and industry rank for First Watch Restaurant Group's Same Store Sales % or its related term are showing as below:

FWRG's Same Store Sales % is not ranked *
in the Restaurants industry.
Industry Median:
* Ranked among companies with meaningful Same Store Sales % only.

First Watch Restaurant Group  (NAS:FWRG) Same Store Sales % Explanation

Same Store Sales %, also known as comparable-store sales, is the most important financial metric for restaurant operators to evaluate the performance of existing stores. It is the percentage growth of the average sales per store from the previous period to current period.

A positive number indicates that more sales are generated in the same store compared with the previous period, meaning growing demand demand is growing, while a negative number indicates the opposite. The higher the number is, the more growth the retailer has.

For restaurants, same-store sales can be improved by two factors: average ticket size and customer traffic. If each customer buys more on average, the average ticket size will increase. If more customers are buying from the store, the number of tickets will increase.


First Watch Restaurant Group Same Store Sales % Related Terms


First Watch Restaurant Group Same Store Sales % Historical Data

* Premium members only.

The historical data trend for First Watch Restaurant Group's Same Store Sales % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

First Watch Restaurant Group Same Store Sales % Chart

First Watch Restaurant Group Annual Data
Trend Dec21 Dec22 Dec23 Dec24 Dec25
Same Store Sales %
Get a 7-Day Free Trial Premium Member Only Premium Member Only

First Watch Restaurant GroupQuarterly Data
Trend Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Same Store Sales %
Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only

FWRG vs SG, BLMN, CNNE: Same Store Sales % Comparison

For the Restaurants subindustry, First Watch Restaurant Group's Same Store Sales %, along with its competitors' market caps and Same Store Sales % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

FWRG
75GF Score
First Watch Restaurant Group Inc FWRG
Same Store Sales % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis
Frequently Asked Questions
What does a Same Store Sales % of 3.40% mean?
First Watch Restaurant Group (FWRG) has a Same Store Sales % of 3.40% as of Jun. 2026. Same Store Sales is the percentage growth of the average sales per store from the previous period to current period. View historical data on First Watch Restaurant Group and its competitors.
Is First Watch Restaurant Group's Same Store Sales % too high?
First Watch Restaurant Group's current Same Store Sales % is 3.40%. Overall, First Watch Restaurant Group has a GF Score™ of 75/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does First Watch Restaurant Group's Same Store Sales % compare to SG and BLMN?
First Watch Restaurant Group's Same Store Sales % of 3.40% can be compared against companies in the Restaurants industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Same Store Sales % for a Restaurants company?
A good Same Store Sales % depends on the Restaurants industry context. However, Same Store Sales % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Same Store Sales % mean?
A high Same Store Sales % can signal that a stock is expensive relative to its fundamentals. Same Store Sales is the percentage growth of the average sales per store from the previous period to current period. View historical data on First Watch Restaurant Group and its competitors. First Watch Restaurant Group's current Same Store Sales % is 3.40%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Watch Restaurant Group stock overvalued right now?
Based on GuruFocus' analysis, First Watch Restaurant Group (FWRG) is currently considered Possible Value Trap. The stock's GF Value™ is $22.39, compared to a current price of $12.01 — trading 46.4% below its estimated fair value. The current Same Store Sales % is 3.40%. First Watch Restaurant Group's overall GF Score™ is 75/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Same Store Sales % calculated?
Same Store Sales % is calculated from a company's financial statements. For First Watch Restaurant Group (FWRG), the current Same Store Sales % is 3.40% as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is First Watch Restaurant Group (FWRG) Overvalued in 2026?

Based on GuruFocus' analysis, First Watch Restaurant Group stock appears to be undervalued. The current stock price of $12.01 is trading 46.4% below its estimated GF Value™ of $22.39. GuruFocus considers First Watch Restaurant Group to be Possible Value Trap.

Key valuation signals for FWRG:

  • Same Store Sales %: 3.40%
  • GF Value™: $22.39 vs. price of $12.01 (46.4% below fair value)
  • GF Score™: 75/100 with 5 warning signs

No single metric tells the full story. See the FWRG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


First Watch Restaurant Group Business Description

Address 8725 Pendery Place, Suite 201, Bradenton, FL, USA, 34201
First Watch Restaurant Group Inc is a daytime restaurant concept serving made-to-order breakfast, brunch, and lunch using fresh ingredients. The company generates revenues from Restaurant sales and Franchise revenues. It generates maximum revenue from Restaurant sales.
75GF Score

Get the complete analysis for FWRG

Same Store Sales % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$12.01
Price
$22.39
GF Value