First Watch Restaurant (FWRG) Selling, General & Administrative (2020 - 2026)
First Watch Restaurant (FWRG) reported Selling, General & Administrative of $38.73 million for Q2 2026, up 16.7% from $33.19 million a year earlier but down 3.0% from the prior quarter.
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Analysis
First Watch Restaurant (FWRG) Selling, General & Administrative (2020 - 2026) Analysis & Trends
Over the twelve months ended Jun 28, 2026, First Watch Restaurant's Selling, General & Administrative came in at $144.22 million, up 18.4% year-over-year; for FY2025, it was $128.95 million, up 13.8% from FY2024.
- Selling, General & Administrative has increased for five consecutive years, with a five-year compound annual growth rate of 22.7% (FY2020 to FY2025).
- By year, Selling, General & Administrative came in at $113.27 million in FY2024 (+9.8%), $103.12 million in FY2023 (+21.4%), $84.96 million in FY2022 (+20.7%) and $70.39 million in FY2021 (+52.0%).
- Five-year quarterly Selling, General & Administrative spans a low of $17.02 million in Q3 2021 and a high of $39.95 million in Q1 2026.
- Year over year, Selling, General & Administrative has now increased in each of the last 14 quarters, with growth averaging 14.8% over the last eight quarters.
- The high point for year-over-year Selling, General & Administrative in five years was Q4 2021 (growth of 105.0%); the low point was Q4 2022 (a decline of 16.4%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $39.95 million (Q1 2026), $31.8 million (Q4 2025) and $33.75 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | SG&A (Qtr) |
|---|---|---|---|---|---|
| 1 | Mcdonalds | 164.13 Bn | 158.95 Bn | 6.42 Bn | 817.00 Mn |
| 2 | Starbucks | 107.97 Bn | 95.60 Bn | - | 598.80 Mn |
| 3 | Chipotle Mexican Grill | 41.04 Bn | 37.02 Bn | - | 190.47 Mn |
| 4 | Yum Brands | 37.16 Bn | 34.04 Bn | 1.47 Bn | 324.00 Mn |
| 5 | Restaurant Brands International | 24.42 Bn | 21.52 Bn | 1.38 Bn | 181.00 Mn |
| 6 | Darden Restaurants | 22.67 Bn | 21.77 Bn | 1.68 Bn | 134.80 Mn |
| 7 | Restaurant Brands International Limited Partnership | 17.01 Bn | 12.57 Bn | 1.38 Bn | 181.00 Mn |
| 8 | Yum China Holdings | 13.79 Bn | 8.16 Bn | 537.00 Mn | 139.00 Mn |
| 9 | Texas Roadhouse | 10.24 Bn | 9.60 Bn | - | 72.41 Mn |
| 10 | First Watch Restaurant | 652.30 Mn | 566.29 Mn | - | 38.73 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 28, 2026 | 38.73 Mn |
| Mar 29, 2026 | 39.95 Mn |
| Dec 28, 2025 | 31.80 Mn |
| Sep 28, 2025 | 33.75 Mn |
| Jun 29, 2025 | 33.19 Mn |
| Mar 30, 2025 | 30.22 Mn |
| Dec 29, 2024 | 30.74 Mn |
| Sep 29, 2024 | 27.68 Mn |
| Jun 30, 2024 | 27.19 Mn |
| Mar 31, 2024 | 27.66 Mn |
| Dec 31, 2023 | 29.95 Mn |
| Sep 24, 2023 | 25.18 Mn |
| Jun 25, 2023 | 25.28 Mn |
| Mar 26, 2023 | 22.71 Mn |
| Dec 25, 2022 | 21.77 Mn |
| Sep 25, 2022 | 21.69 Mn |
| Jun 26, 2022 | 21.94 Mn |
| Mar 27, 2022 | 19.56 Mn |
| Dec 26, 2021 | 26.03 Mn |
| Sep 26, 2021 | 17.02 Mn |
API Access
First Watch Restaurant Selling, General & Administrative API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=selling-general-and-administrative&ticker=FWRG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "selling-general-and-administrative", "ticker": "FWRG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=selling-general-and-administrative&ticker=FWRG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();