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Dec 25, 2022
Sweetgreen Q4 2022 Earnings Report
Announced financial results for the fourth quarter ended December 25, 2022.
Key Takeaways
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.
Total revenue increased by 23% to $118.6 million.
Same-store sales change was 4%.
AUV reached $2.9 million.
Net loss was $(49.3) million.
Sweetgreen
Sweetgreen
Forward Guidance
For fiscal year 2023, Sweetgreen anticipates 30-35 net new restaurant openings, revenue ranging from $575 million to $595 million, same-store sales change of between 2% and 6%, restaurant-level profit margin between 15% and 17%, and adjusted EBITDA between $(20) million to $(10) million.
Positive Outlook
- 30-35 Net New Restaurant Openings
- Revenue ranging from $575 million to $595 million
- Same-Store Sales Change of between 2% and 6%
- Restaurant-Level Profit Margin between 15% and 17%
- Adjusted EBITDA between $(20) million to $(10) million