secwatch.observer — SEC 8-K summary
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Issuer:     Sweetgreen, Inc. (SG)
CIK:        0001477815
Form:       8-K
Filed at:   2022-05-05T23:59:59+00:00
Accession:  0001628280-22-012637
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sweetgreen Q1 revenue up 67% to $102.6M; same-store sales +35%; reaffirms FY22 outlook
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- Revenue $102.6M (+67% YoY); same-store sales +35% (transactions +25%, pricing +10%).
- Restaurant-level profit margin 13% (up 950 bps from 3%); AUV $2.8M vs $2.1M.
- Net loss -$49.2M (vs -$30.0M) due to $21M stock-based comp; Adj EBITDA -$16.5M (improved from -$21.0M).
- FY22 outlook reaffirmed: revenue $515-535M, same-store sales +20-26%, adj EBITDA -$40M to -$33M.
- Digital revenue 66% of total (down from 77%); 8 net new restaurant openings.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1477815/000162828022012637/0001628280-22-012637-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1477815/000162828022012637/sg-20220505.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-012637

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer