First Watch Restaurant Group, Inc. (FWRG)

Daytime restaurant chain. Read October 19, 2026 from the annual report for the period ending December 28, 2025, filed February 24, 2026. Ranked 101 of the 104 Consumer Cyclical companies read so far, by the share within reach now.

A breakfast and lunch restaurant chain whose company-owned restaurants are read as one restaurants pattern; the filing's excerpt states no employee total, so the headcount is not stated.

The figures on this page come from the company's own annual report and from BLS staffing patterns for its industries, never from a roster. They are estimates with a stated method. Nothing here says what the company will do: within reach is not a forecast of jobs lost or of savings.

What follows from the reading

Share of working time within reach of AI, on the long-run pace at four in five: 11% now, 13% at the end of 2027, 13% at the end of 2028, 13% at the end of 2030. By the patterns, the work is about 13% desk work, 22% people work and 65% body work. These are the site's industry estimates weighted by the shares below: estimates with a stated method and range, not a forecast of what the company will do. By the same patterns, at the end of 2028 about 87% of the working time stays with people (conversation, in-person and hands-on work), 9% becomes checking a model's work and 4% could be handed over with lighter checks, from the industries' own figures, not the company's roles.

Headcount

Not stated in the filing. The filing's human capital excerpt counts no employees by country; the restaurants are in the United States.

The filing: “This designation was based on an assessment of First Watch's people practices along with an independent survey of approximately 1,000 of our employees.”

The workforce as industry patterns

What the filing says about the workforce: The human capital section read states no employee total; the data service's history carries 17,500 for 2025 from the annual report. A one-shift model with no evening service; hourly employees heard on an annual listening tour; a majority of general managers promoted from within.

Companies read with the same leading pattern

Other companies whose largest staffing pattern is also Restaurants and Other Eating Places, largest first, each read from its own annual report. Within reach now and at the end of 2028, long-run pace, four in five.

• Starbucks (SBUX, 381,000 employees)11% now, 14% by 2028
• Yum China Holdings, Inc. (YUMC, 290,000 employees)11% now, 14% by 2028
• Darden (DRI, 209,931 employees)11% now, 13% by 2028
• McDonald's Corporation (MCD, 150,000 employees)11% now, 13% by 2028
• Chipotle Mexican Grill, Inc. (CMG, 130,301 employees)11% now, 14% by 2028
• Texas Roadhouse, Inc. (TXRH, 101,000 employees)11% now, 14% by 2028
• Brinker International, Inc. (EAT, 85,003 employees)11% now, 14% by 2028
• Cracker Barrel Old Country Store (CBRL, 74,500 employees)11% now, 14% by 2028

What the filing says about AI

10 sentences in the filing name AI. The filing names AI in ten sentences, most of them the company's former corporate name, AI Fresh Super Holdco, Inc., and its risk factors on technology, data and growth; none of the sentences read describes a use of artificial intelligence in its operations.

• “Important factors that could cause actual results to differ materially from those in the forward-looking statements include: our vulnerability to changes in consumer preferences and economic conditions such as inflation and recession; our inability to successfully open new restaurants or establish new markets; our inability to effectively manage our growth; potential negative impacts on sales a...”
• “Corporate Information First Watch Restaurant Group, Inc. was incorporated in Delaware on August 10, 2017, under the name AI Fresh Super Holdco, Inc.”
• “These risks include the following: Risks Related to Our Business and Industry our vulnerability to changes in economic conditions, consumer preferences and other factors, many of which are largely outside of our control 12 Table of Contents our inability to open new restaurants in new and existing markets or to operate them as profitably as we have experienced in the past our inability to effec...”
• “Our inability or failure to recognize, respond to and effectively manage the accelerated impact of social media or artificial intelligence could have a material adverse effect on our business, financial condition and results of operations.”
• “In addition, the rapid evolution and increased adoption of artificial intelligence technologies may affect our customers' expectations, requirements or tastes in ways we cannot adequately anticipate or adapt to, adversely affect our business financial condition and results of operations, and may require us to develop artificial intelligence-specific systems.”

Its annual reports, year by year

Sentences naming AI in each annual report, counted by one rule, beside the median report in the Index that year. Each count links its filing. Every company, by year and sector

• Fiscal 20214median 0
• Fiscal 20224median 0
• Fiscal 202310median 1
• Fiscal 20248median 4
• Fiscal 202510median 10

Headcount by filing year

As reported in each year's annual report, with the filing. A year marked not read had no figure the reading could take from the report's text.

Limits of this reading

• Headcount not stated (rule 2): the collector's 1,000 was a survey sample, and the human capital excerpt carries no total; a later pass with the filing's full text can fill it.

Source: the company's annual report on EDGAR, accession 0001789940-26-000014, the filing. Read by Claude Fable 5.1 under rubric version 1, by the method. A company can write to info@stratussc.com to have its reading checked against its filing.