• First Watch will host its inaugural investor day in Boston on November 12, 2026, at 8:30 a.m. ET.
• Management will outline its growth strategy, including a long-term opportunity for more than 2,200 restaurants across the continental U.S.
• Positive free cash flow is expected beginning in 2027, increasing annually as cash flow funds organic growth and maintenance capital spending.
• Annual adjusted EBITDA growth is targeted above 15% for 2027 and 2028.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. First Watch Restaurant Group Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001789940-26-000104), on November 12, 2026, and is solely responsible for the information contained therein.