Revenue: As of FY2025 Q3, the actual value is USD 316.02 M, beating the estimate of USD 309.57 M.EPS: As of FY2025 Q3, the actual value is USD 0.05.EBIT: As of FY2025 Q3, the actual value is USD 10.24 M.<h3>Segment Revenue</h3><ul><li>Total revenues for Q3 2025 increased by 25.6% to $316.0 million compared to $251.6 million in Q3 2024.</li><li>System-wide sales increased by 20.9% to $352.7 million compared to $291.8 million in the same period of 2024.</li></ul><h3>Operational Metrics</h3><ul><li>Net income for Q3 2025 was $3.0 million, an increase from $2.1 million in Q3 2024.</li><li>Income from operations margin increased to 3.2% from 2.5% in the same period of 2024.</li><li>Restaurant level operating profit margin increased to 19.7% from 18.9% in the same period of 2024.</li><li>Adjusted EBITDA increased to $34.1 million from $25.6 million in Q3 2024.</li></ul><h3>Cash Flow</h3><ul><li>Total operating costs and expenses were 96.8% of total revenues, compared to 97.5% in the same period of 2024.</li></ul><h3>Unique Metrics</h3><ul><li>Same-restaurant sales growth was 7.1%.</li><li>Same-restaurant traffic growth was 2.6%.</li><li>21 new system-wide restaurants were opened in 14 states, with one planned closure, resulting in a total of 620 system-wide restaurants.</li></ul><h3>Outlook / Guidance</h3><ul><li>The company updated its guidance for FY25, projecting same-restaurant sales growth of approximately 4% and same-restaurant traffic growth of approximately 1%.</li><li>Total revenue growth is expected to be between 20.0% and 21.0%, with Adjusted EBITDA anticipated to be around $123.0 million.</li><li>Capital expenditures are estimated at approximately $150.0 million, primarily for new restaurant projects and planned remodels.</li></ul>

First Watch Restaurant | 8-K: FY2025 Q3 Revenue Beats Estimate at USD 316.02 M