Sweetgreen Q4 revenue $96.4M (+63% YoY), net loss widens to $66.2M; guides FY2022 rev $515-535M

Sweetgreen, Inc.

Q4 revenue $96.4M (+63% YoY); same-store sales +36% (vs -28% prior year); 10 net new restaurants.
Q4 net loss $66.2M (vs $41.1M); adjusted EBITDA loss improved to $14.2M from $29.0M.
FY2021 revenue $339.9M (+54%); net loss $153.2M; restaurant-level profit margin 12% (vs -4%).
FY2022 guidance: revenue $515-535M; same-store sales +20-26%; adjusted EBITDA loss $40-33M.
Q1 2022 guidance: revenue $100-102M; same-store sales +30-33%; adjusted EBITDA loss $20-18M.

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