{"id":837116,"date":"2025-04-14T16:12:44","date_gmt":"2025-04-14T20:12:44","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/first-watch-acquires-3-franchise-restaurants-in-missouri\/"},"modified":"2025-04-14T16:12:44","modified_gmt":"2025-04-14T20:12:44","slug":"first-watch-acquires-3-franchise-restaurants-in-missouri","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/first-watch-acquires-3-franchise-restaurants-in-missouri\/","title":{"rendered":"First Watch Acquires 3 Franchise Restaurants in Missouri"},"content":{"rendered":"

\nLatest Franchisee Deal Underscores Long-term Growth Strategy
\n<\/h2>\n
\n

BRADENTON, Fla., April 14, 2025 (GLOBE NEWSWIRE) — First Watch Restaurant Group, Inc.<\/a> (NASDAQ: FWRG) (together with its subsidiaries \u201cFirst Watch\u201d or the \u201cCompany\u201d), 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.<\/p>\n

“We\u2019re proud to welcome the Lee\u2019s Summit, West Columbia and South Columbia restaurant teams into the First Watch company-owned system,\u201d said Chris Tomasso, First Watch CEO and President. \u201cAll 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.\u201d<\/p>\n

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.<\/p>\n

\n About First Watch<\/strong>\n <\/p>\n

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 \u201cBest Breakfast\u201d and \u201cBest Brunch\u201d accolades, First Watch\u2019s 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\u2019s #1 Most Loved Workplace\u00ae<\/sup> in America by Newsweek and the Best Practice Institute. In 2023, First Watch was named the top restaurant brand in Yelp\u2019s 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<\/a>.<\/p>\n

\n Forward-Looking Statements<\/strong>\n <\/p>\n

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which are subject to known and unknown risks, uncertainties and other important factors that may cause actual results to be materially different from the statements made herein. All statements other than statements of historical fact are forward-looking statements. Forward-looking statements discuss our current expectations and projections relating to our financial position, results of operations, plans, objectives, future performance and business. You can identify forward-looking statements by the fact that they do not relate strictly to any historical or current facts. These statements may include words such as \u201caim,\u201d \u201canticipate,\u201d \u201cbelieve,\u201d \u201cestimate,\u201d \u201cexpect,\u201d \u201cforecast,\u201d \u201cfuture,\u201d \u201cintend,\u201d \u201coutlook,\u201d \u201cpotential,\u201d \u201cproject,\u201d \u201cprojection,\u201d \u201cplan,\u201d \u201cseek,\u201d \u201cmay,\u201d \u201ccould,\u201d \u201cwould,\u201d \u201cwill,\u201d \u201cshould,\u201d \u201ccan,\u201d \u201ccan have,\u201d \u201clikely,\u201d the negatives thereof and other similar expressions. You should evaluate all forward-looking statements made in this press release in the context of the risks and uncertainties disclosed herein, in our Annual Report on Form 10-K, including \u201cRisk Factors\u201d and \u201cManagement\u2019s Discussion and Analysis of Financial Condition and Results of Operations,\u201d and our other filings with the SEC, accessible on the SEC\u2019s website at www.sec.gov and the Investors Relations section of the Company\u2019s website at https:\/\/investors.firstwatch.com\/financial-information\/sec-filings. Important factors that could cause actual results to differ materially from those in the forward-looking statements include the following: uncertainty regarding the Russia-Ukraine war, Israel-Hamas war and the related impact on macroeconomic conditions, including inflation, as a result of such conflicts or other related events; our vulnerability to changes in economic conditions and consumer preferences; our inability to successfully open new restaurants or establish new markets; our inability to effectively manage our growth; potential negative impacts on sales at our and our franchisees\u2019 restaurants as a result of our opening new restaurants; a decline in visitors to any of the retail centers, lifestyle centers, or entertainment centers where our restaurants are located; lower than expected same-restaurant sales growth; unsuccessful marketing programs and limited time new offerings; changes in the cost of food; unprofitability or closure of new restaurants or lower than previously experienced performance in existing restaurants; our inability to compete effectively for customers; unsuccessful financial performance of our franchisees; our limited control over our franchisees\u2019 operations; our inability to maintain good relationships with our franchisees; conflicts of interest with our franchisees; the geographic concentration of our system-wide restaurant base in the southeast portion of the United States; damage to our reputation and negative publicity; our inability or failure to recognize, respond to and effectively manage the accelerated impact of social media; our limited number of suppliers and distributors for several of our frequently used ingredients and shortages or disruptions in the supply or delivery of such ingredients; information technology system failures or breaches of our network security; our failure to comply with federal and state laws and regulations relating to privacy, data protection, advertising and consumer protection, or the expansion of current or the enactment of new laws or regulations relating to privacy, data protection, advertising and consumer protection; our potential liability with our gift cards under the property laws of some states; our failure to enforce and maintain our trademarks and protect our other intellectual property; litigation with respect to intellectual property assets; our dependence on our executive officers and certain other key employees; our inability to identify, hire, train and retain qualified individuals for our workforce; our failure to obtain or to properly verify the employment eligibility of our employees; our failure to maintain our corporate culture as we grow; unionization activities among our employees; employment and labor law proceedings; labor shortages or increased labor costs or health care costs; risks associated with leasing property subject to long-term and non-cancelable leases; risks related to our sale of alcoholic beverages; costly and complex compliance with federal, state and local laws; changes in accounting principles applicable to us; our vulnerability to natural disasters, unusual weather conditions, pandemic outbreaks, political events, war and terrorism; our inability to secure additional capital to support business growth; our level of indebtedness; failure to comply with covenants under our credit facility; and the interests of our largest stockholder may differ from those of public stockholders. For additional discussion of factors that could impact our operational and financial results, please refer to our filings with the SEC, accessible on the SEC\u2019s website at www.sec.gov and the Investors Relations section of the Company\u2019s website at https:\/\/investors.firstwatch.com\/financial-information\/sec-filings. Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, our actual financial condition, results of operations, future performance and business may vary in material respects from the performance projected in these forward-looking statements.<\/p>\n

\n Investor Relations Contact:<\/strong>
\n
Steven L. Marotta
941-500-1918
investors@firstwatch.com<\/p>\n

\n Media Relations Contact:<\/strong>
\n
Jenni Glester
407-864-5823
jglester@firstwatch.com<\/p>\n

\"\"
\n
\n \"\"\n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

Latest Franchisee Deal Underscores Long-term Growth Strategy BRADENTON, Fla., April 14, 2025 (GLOBE NEWSWIRE) — First Watch Restaurant Group, Inc. (NASDAQ: FWRG) (together with its subsidiaries \u201cFirst Watch\u201d or the \u201cCompany\u201d), 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\u2019re proud to welcome the Lee\u2019s Summit, West Columbia and South Columbia restaurant teams into the First Watch company-owned system,\u201d said Chris Tomasso, First Watch CEO and President. \u201cAll 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 … <\/p>\n

Continue reading “First Watch Acquires 3 Franchise Restaurants in Missouri”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-837116","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nFirst Watch Acquires 3 Franchise Restaurants in Missouri - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/first-watch-acquires-3-franchise-restaurants-in-missouri\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"First Watch Acquires 3 Franchise Restaurants in Missouri - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Latest Franchisee Deal Underscores Long-term Growth Strategy BRADENTON, Fla., April 14, 2025 (GLOBE NEWSWIRE) — First Watch Restaurant Group, Inc. (NASDAQ: FWRG) (together with its subsidiaries \u201cFirst Watch\u201d or the \u201cCompany\u201d), 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\u2019re proud to welcome the Lee\u2019s Summit, West Columbia and South Columbia restaurant teams into the First Watch company-owned system,\u201d said Chris Tomasso, First Watch CEO and President. \u201cAll 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. 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