Sweetgreen Earnings Reports

Sweetgreen posted Q4 2024 revenue of $160.9 million, reflecting a 5% year-over-year increase. The company reported a net loss of $29.0 million and an adjusted EBITDA loss of $0.6 million. Same-store sales growth slowed to 4% compared to 6% in the prior year. Digital revenue remained a significant portion of total sales, with 56% of revenue coming from digital channels.

Sweetgreen reported a strong third quarter with a 13% increase in total revenue, driven by a 6% increase in same-store sales. The company's restaurant-level profit margin improved to 20.2%, and adjusted EBITDA increased to $6.8 million. Sweetgreen is raising its fiscal year 2024 guidance.

Sweetgreen, Inc. reported a 21% increase in total revenue to $184.6 million for the second quarter of fiscal year 2024, compared to the prior year period. The company's Same-Store Sales Change was 9%, and Restaurant-Level Profit Margin was 22%. Adjusted EBITDA was $12.4 million. They are raising their guidance for 2024 given their results during the first half of the year.

Sweetgreen reported a strong first quarter in 2024, with a 26% increase in total revenue to $157.9 million. The company's Restaurant-Level Profit Margin expanded by 400 basis points to 18%, and it achieved positive Adjusted EBITDA of $0.1 million. Sweetgreen is updating its financial guidance for fiscal year 2024 to reflect the strength of the first quarter.

Sweetgreen reported a 29% increase in total revenue to $153.0 million for Q4 2023, driven by new restaurant openings and a 6% increase in same-store sales. The company's restaurant-level profit margin expanded to 16%, and the net loss decreased to $(27.4) million. Sweetgreen is focused on menu innovation and restaurant operations.

Sweetgreen, Inc. reported a 24% increase in total revenue to $153.4 million compared to the prior year period. The company saw a Same-Store Sales Change of 4% and Restaurant-Level Profit Margin of 19%. Adjusted EBITDA was $2.5 million, a significant improvement from the prior year. The company also reported a net loss of $(25.1) million and 15 net new restaurant openings.

Sweetgreen reported a 22% increase in total revenue to $152.5 million, achieved a restaurant level margin of over 20%, and reached Adjusted EBITDA profitability of $3.3 million.

Sweetgreen reported a 22% increase in total revenue, reaching $125.1 million, and a same-store sales increase of 5%. The company also reduced its net loss to $(33.7) million, driven by increased restaurant-level profit and decreased general and administrative expenses. Sweetgreen is focused on launching its loyalty program and expanding its menu to drive further growth.

Sweetgreen's Q4 2022 total revenue increased by 23% to $118.6 million compared to the prior year period. Same-store sales change was 4% and AUV was $2.9 million. The company reported a net loss of $(49.3) million and an adjusted EBITDA of $(17.9) million.

Sweetgreen, Inc. reported a 29% increase in total revenue to $124.0 million for Q3 2022 compared to the prior year period. The company's adjusted EBITDA loss narrowed to $6.8 million from $14.1 million in the same quarter of the previous year. Sweetgreen remains focused on operational improvements and expansion plans for 2023.

Sweetgreen reported a 45% increase in revenue for Q2 2022, reaching $124.9 million, and an improvement in restaurant-level margins to 18.5%. However, the company experienced a net loss of $40.0 million and has lowered its 2022 guidance due to softness in revenue observed around Memorial Day.

Sweetgreen, Inc. reported a 67% year-over-year increase in revenue for Q1 2022, reaching $102.6 million. The company's restaurant-level profit margins also expanded. Despite Omicron headwinds, AUVs recovered to $2.8 million. The company reaffirms its outlook for fiscal year 2022, anticipating at least 35 net new restaurant openings and revenue ranging from $515 million to $535 million.

Sweetgreen reported a 63% increase in total revenue to $96.4 million for Q4 2021, driven by a 36% increase in same-store sales and net new restaurant openings. The company's restaurant-level profit margin improved to 13%.