First Watch Restaurant — Investor Presentation (August 2026)

5 slides from First Watch Restaurant's investor presentation, Aug 4, 2026

Slide 1: Long-Term Annual Growth Targets
Long-Term Annual Growth Targets August 4, 2026 Exhibit 99.1
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS In addition to historical information, this presentation may contain a number of “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995, which are subject to known and unknown risks, uncertainties and other important factors that ma
Slide 3: Long-Term Annual Growth Targets
3 LONG-TERM ANNUAL GROWTH TARGETS • ~55 new System-wide restaurant openings: ➢ ~50 company-owned, ~5 franchise-owned • Same Restaurant Sales Growth of 2% to 4%(1) • Total revenue growth of 10% to 13% • G&A Expense growth lower than Total Revenue growth • Adjusted EBITDA growth of 11% to 14% • Positi
Slide 4: Balancing Aggressive Expansion with Financial Flexibility
4 BALANCING AGGRESSIVE EXPANSION WITH FINANCIAL FLEXIBILITY LONG-TERM GROWTH PLAN TO DRIVE ADJUSTED EBITDA GROWTH AND FREE CASH FLOW • Optimizing capital allocation framework by targeting ~50 company-owned restaurant openings annually • Enables self-funding of new restaurant openings and maintenance
Slide 5: For more information, visit investors.firstwatch.com
For more information, visit investors.firstwatch.com or email investors@firstwatch.com