First Watch Raises Annual Adjusted EBITDA Growth Target Above 15%
Photo: TokenPost
On Nov. 3, First Watch Restaurant Group lifted its annual Adjusted EBITDA growth target through 2028 to more than 15%, while keeping its 2027 opening plan at about 55 systemwide restaurants. The new target replaces an annual range of 11% to 14%. The 2027 opening pace also appeared in the company’s earlier plan, outlined Aug. 4. First Watch left unit-growth rates after 2027 flexible, citing interest-rate risk and the near-term value of generating more cash. For the 52-week fiscal year ending Dec.
Source: TokenPost
