First Watch Restaurant (FWRG) Change in Inventory (2020 - 2026)

First Watch Restaurant's (FWRG) quarterly Change in Inventory came in at -$37000.0 in Q1 2026, down 144.58% year-on-year from $83000.0 in Q1 2025, and down 105.38% quarter-over-quarter from $688000.0 in Q4 2025.

First Watch Restaurant (FWRG) Change in Inventory (2020 - 2026) Analysis & Trends

First Watch Restaurant's Change in Inventory history runs 7 years deep, the most recent figure standing at -$37000.0 for Q1 2026.

  • On a quarterly basis, Change in Inventory fell 144.58% year-over-year to -$37000.0 in Q1 2026; TTM through Mar 2026 was $747000.0, a 5.32% decrease from a year earlier, with the FY2025 full-year figure at $867000.0, up 70.67% from the prior year.
  • Change in Inventory eased to -$37000.0 in Q1 2026 per FWRG's latest filing, from $688000.0 in the prior quarter.
  • Across five years, Change in Inventory topped out at $912000.0 in Q4 2022 and bottomed at -$622000.0 in Q1 2023.
  • The 5-year median for Change in Inventory is $150000.0 (2022), against an average of $141470.6.
  • Across the five-year window, Change in Inventory tumbled 273.33% in 2023 and jumped 141.92% in 2025, its largest moves.
  • Year by year, Change in Inventory stood at $912000.0 in 2022, then tumbled by 42.98% to $520000.0 in 2023, then surged by 51.54% to $788000.0 in 2024, then slipped by 12.69% to $688000.0 in 2025, then plunged by 105.38% to -$37000.0 in 2026.
  • Per Business Quant, the three latest FWRG Change in Inventory figures stand at -$37000.0 (Q1 2026), $688000.0 (Q4 2025), and -$286000.0 (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change in Inventory (Qtr)
1 Starbucks 117.61 Bn 115.91 Bn 6.32 Bn 58.60 Mn
2 Chipotle Mexican Grill 41.20 Bn 40.33 Bn 2.61 Bn -4.75 Mn
3 Yum Brands 40.68 Bn 39.99 Bn 1.38 Bn -
4 Restaurant Brands International 25.13 Bn 25.66 Bn 2.14 Bn -
5 Darden Restaurants 22.23 Bn 21.99 Bn 3.68 Bn -19.00 Mn
6 Yum China Holdings 15.22 Bn 14.47 Bn 2.31 Bn -30.00 Mn
7 Texas Roadhouse 12.56 Bn 12.37 Bn 1.40 Bn 163,000.00
8 Dominos Pizza 10.74 Bn 10.60 Bn 478.23 Mn -
9 Dutch Bros 8.14 Bn 8.10 Bn 107.48 Mn -11.53 Mn
10 First Watch Restaurant 737.04 Mn 713.47 Mn 279.06 Mn -37,000.00

Historic Data

Download Data
DateValue
Mar 29, 2026 -37,000.00
Mar 29, 2026 -37,000.00
Dec 28, 2025 688,000.00
Dec 28, 2025 688,000.00
Sep 28, 2025 -286,000.00
Sep 28, 2025 -286,000.00
Jun 29, 2025 382,000.00
Jun 29, 2025 382,000.00
Mar 30, 2025 83,000.00
Mar 30, 2025 83,000.00
Dec 29, 2024 788,000.00
Dec 29, 2024 788,000.00
Sep 29, 2024 -337,000.00
Sep 29, 2024 -337,000.00
Jun 30, 2024 255,000.00
Jun 30, 2024 255,000.00
Mar 31, 2024 -198,000.00
Mar 31, 2024 -198,000.00
Dec 31, 2023 520,000.00
Dec 31, 2023 520,000.00