{"schema_version":1,"domain":"firstwatch.com","display_name":"First Watch","url":"https://cobroker.ai/market/firstwatch.com","location_count":735,"location_unit":"US locations","as_of":{"iso":"2026-07-09","label":"Q3 2026"},"since":{"iso":"2024-11-19","label":"Q4 2024"},"window_quarters":8,"net_new":132,"growth_pct":21.9,"verified_openings":110,"latest_quarter":{"openings_per_quarter":9.7,"prior_openings_per_quarter":20,"trend":"slowing","pct_of_base":1.3,"prior_pct_of_base":2.8},"segment":"Restaurants & Fast Casual","segment_id":"qsr","category_full":"Dining and Drinking > Breakfast Spot","entity_class":"chain","caveats":[],"source_note":"Counts are quarterly observations of Cobroker's US location index (8 quarterly observations, Q4 2024 to Q3 2026). Openings are counted from individually verified store openings rather than from the quarter-over-quarter difference in the index's record count, and every count reflects what the index observed on that date, so a figure can lag a chain's own reporting."}