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Dec 26, 2021
Sweetgreen Q4 2021 Earnings Report
Sweetgreen's financial performance showed continued recovery from the pandemic with increased revenue and improved restaurant-level margins.
Key Takeaways
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%.
Total revenue increased by 63% to $96.4 million.
Same-store sales change was 36%.
Restaurant-level profit margin was 13%.
Net loss was $(66.2) million.
Sweetgreen
Sweetgreen
Forward Guidance
For fiscal year 2022, Sweetgreen anticipates at least 35 net new restaurant openings, revenue ranging from $515 million to $535 million, same-store sales change of between 20% and 26%, restaurant-level profit margin between 16% and 17%, and adjusted EBITDA between $(40) million to $(33) million.