0855 ET - Breakfast chain First Watch says its margins are being squeezed by increasing commodity costs and tariffs. The chain says it expects a roughly 0.3% cost increase as a percentage of sales due to tariffs this year. The company's main food commodities--eggs, bacon, coffee and avocados--increased by 7.7% in 1Q. The chain brought down aspects of its guidance for the year due to the impact of tariffs and increased food costs. The chain is also investing in more generous portions to keep customers coming to its locations. First Watch slides 10% premarket. (heather.haddon@wsj.com; @heatherhaddon)
(END) Dow Jones Newswires
May 06, 2025 08:55 ET (12:55 GMT)
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