This morning, we announced our results from the fourth quarter and fiscal 2023. For the full year, First Watch surpassed several significant milestones – including nearly doubling our system-wide sales since 2019 to more than $1 billion and celebrating the opening of our 500th restaurant! All of this is possible thanks to our people – now more than 15,000 strong – whose dedication to hospitality and customer service continues to shine without equal in our industry. Fiscal 2023 highlights include: • Over $1 billion in system-wide sales • 51 new system-wide restaurants opened across 19 states • 23 restaurants added to our company-owned fleet through strategic franchise acquisitions • Same-restaurant sales growth of 7.6%* • Same-restaurant traffic growth of 7.5%* *2023 was a 53-week year for First Watch. Comparison to the 53 weeks ended January 1, 2023, is provided for enhanced comparability. For our full Q4 and fiscal 2023 results and definitions: https://lnkd.in/eHK_Vnrg #FWRG #Earnings #DaytimeDining
Congratulations to the First Watch family for another record setting quarter! All the best to a first class team.
That's fantastic. We have a spot in our growing mixed-use development for a breakfast restaurant. We would love for you to come and grow with us.
Nothing short of amazing to see what is happening and on such a large scale. A culture of excellence 👏🏻👏🏻👏🏻
Congratulations and encouragement to your sustained success! Posting 7.5% traffic growth is a testament to the work of a team that consistently delivers the food, value and experience guests need and deserve. Have a great 2024!
Congrats on all the success. So proud to be your partner.
Same store sales increase really tells the story - growth done right. Monica Johnson - you continue to slay, slay, slay! 👏🏽
Congratulations to the amazing First Watch team for another round of best in class results. Also, congratulations to Chris Tomasso for being announced as one of this year’s Silver Plate winners.
Cheers to the incredible leadership and the team at First Watch. Way to go Chris Tomasso, Matthew Eisenacher, Shane Schaibly and the First Watch Restaurants team. It’s been an amazing journey thus far. Keep it going!
Congratulations. You have much to be proud of and I know you have much more you want to accomplish. Continued success.
That's wonderful, congratulations!