First Watch Restaurant Group, Inc. (FWRG) saw its stock plummet 8.11% in pre-market trading on Tuesday following the release of its disappointing first-quarter 2025 financial results. The company's performance fell short of analysts' expectations, triggering a selloff among investors.

The restaurant chain reported a net loss of $0.01 per share for Q1, missing the FactSet estimate of $0.03 earnings per share. Revenue for the quarter came in at $282.24 million, falling short of the expected $283.3 million. Additionally, the company's adjusted EBITDA of $22.753 million was significantly below the estimated $24.9 million, further contributing to investor concerns.

Despite the weak quarterly results, First Watch Restaurant Group projects total revenue growth of about 20% for the 52-week fiscal year ending December 28, 2025. However, this forward-looking statement appears insufficient to offset the immediate negative reaction to the company's underperformance. As the market digests these results, investors will be closely watching for any signs of improvement or additional guidance from management to regain confidence in the stock.