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FIRST WATCH (FWRG)

May 21, 2026Corporate Research, Restaurant/Food Servicefirst watch, fwrgRoger Lipton

ABOVE NUMBERS per Seeking Alpha

BELOW NUMBERS per Lipton Financial Services, Inc.

MOST RECENT CONFERENCE CALL TRANSCRIPT and PRESENTATION – Q1’26

First Watch Restaurant Group, Inc. (FWRG) Q1 2026 Earnings Call Transcript _ Seeking Alpha

original

Q2’26 adjusted outlook

← ROGER’S MONTHLY (5/15) COLUMN IN RESTAURANT FINANCE MONITOR – MISLEADING GOVERNMENT STATISTICS REINFORCE OUR PENCHANT FOR THE GOLD MINERS + WHAT WENT WRONG AT FAT BRANDS & WHAT’S THE PORTFOLIO WORTH? UPDATED CORPORATE SUMMARIES – Punch through yellow box above on Home Page to view write-ups on over 60 restaurant/franchising companies – with easily accessible relevant transcripts – UPDATED HERE ARE: WINGSTOP, BRINKER, DUTCH BROS, FIRST WATCH →

Best Selling Book from 1970
Republished by Roger in 2012

(James Grant wrote the foreword.)

Even more relevant in 2026

3 minute video by Roger spelled it out
Harry Browne Was Right! Warren Buffet Is Wrong! (3 minutes)

Corporate Descriptions

Privately held "Up and Comers"
  Bartaco & Barcelona Wine Bar
  Blaze Pizza, LLC
  Chicken Salad Chick
  Cooper's Hawk Winery/Restaurant
  CoreLife Eatery
  Eggs Up Grill
  Fitlife Foods
  MOD Pizza
  Olga's Kitchen

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Roger Lipton (RL) and/or affiliates may have a position in securities mentioned within this website and has no obligation to notify subscribers or viewers relative to any change in such positions. RL may receive compensation from companies or individuals mentioned within this website and has no obligation to disclose such compensation. RL does not guarantee the accuracy of information provided within this website.