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  "documentTitle": "First Watch | IPO Presentation Deck | 39 slides",
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  "notes": "NRO stands for New Restaurant Openings.",
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      "text": "Comparison of annualized average sales ($mm) for Existing Restaurants, Fiscal 2020 NROs, and Fiscal 2021 NROs.",
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      "text": "(1) Represents 2021 annualized average sales through Q2'21 of all company-owned restaurants opened through fiscal 2019. (2) Represents 2021 annualized average sales through Q2'21 of all company-owned restaurants opened during fiscal 2020. (3) Represents 2021 annualized average sales through Q2'21 of all company-owned restaurants opened through the second fiscal quarter of 2021. (4) Total NROs include system-wide restaurants.",
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      "text": "Total System-wide NROs: 42 for 2020, 18 for 2021",
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      "text": "Our 2021 NROs are Outperforming the System",
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