Business
First Watch Acquires 3 Franchise Restaurants in Missouri
Latest Franchisee Deal Underscores Long-term Growth Strategy BRADENTON, Fla., April 14, 2025 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (NASDAQ:
About this update from First Watch Restaurant Group, Inc.
[{"type":"text","content":"Latest Franchisee Deal Underscores Long-term Growth Strategy\nBRADENTON, Fla., April 14, 2025 (GLOBE NEWSWIRE) -- First Watch Restaurant Group, Inc. (NASDAQ: FWRG) (together with its subsidiaries “First Watch” or the “Company”), the leading Daytime Dining concept serving breakfast, brunch and lunch, today announced the acquisition of three of its franchise-owned restaurants and corresponding development rights in Missouri. \"We’re proud to welcome the Lee’s Summit, West Columbia and South Columbia restaurant teams into the First Watch company-owned system,” said Chris Tomasso, First Watch CEO and President. “All three of these restaurants opened within the past five years and, in that time, have made strong connections with their surrounding communities and respective customers. Acquisitions like this one continue to be an important part of our long-term growth and value creation strategy, and the associated development rights represent white space in this key market area for us to grow organically for years to come.” First Watch has now acquired 48 total franchised restaurants across seven acquisitions since May 2023. The Company will provide additional information regarding the transaction when it reports results of the first fiscal quarter ended March 30, 2025. About First Watch First Watch is an award-winning Daytime Dining concept serving made-to-order breakfast, brunch and lunch using fresh ingredients. A recipient of hundreds of local “Best Breakfast” and “Best Brunch” accolades, First Watch’s award-winning chef-driven menu rotates five times a year and includes elevated executions of classic favorites alongside specialties such as its Quinoa Power Bowl, Lemon Ricotta Pancakes, Chickichanga, Morning Meditation fresh juice and signature Million Dollar Bacon. After first appearing on the list in 2022 and 2023, First Watch was named 2024’s #1 Most Loved Workplace® in America by Newsweek and the Best Practice Institute. In 2023, First Watch was named the top restaurant brand in Yelp’s inaugural list of the top 50 most-loved brands in the U.S. In 2022, First Watch was awarded a sought-after MenuMasters honor by Nation's Restaurant News for its seasonal Braised Short Rib Omelet. First Watch operates more than 570 First Watch restaurants in 30 states. For more information, visit www.firstwatch.com. Forward-Looking Statements Thi...