---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-22-028916"
form_type: "8-K"
ticker: "SG"
cik: "0001477815"
company_name: "Sweetgreen, Inc."
filed_at: "2022-11-08T23:59:59+00:00"
generated_at: "2026-06-22T03:22:03.848900+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Sweetgreen Q3 revenue up 29% to $124M but net loss widens to $47.4M; guides revenue below prior outlook

## Summary
- Total revenue $124.0M (+29% YoY); same-store sales grew 6% vs 43% prior year.
- Net loss $(47.4)M vs $(30.1)M prior year; Adjusted EBITDA improved to $(6.8)M from $(14.1)M.
- Restaurant-Level Profit margin 16% (up 200bps); loss from operations margin (40)% vs (34)%.
- Recorded $11.1M restructuring charge including $9.8M non-cash lease abandonment; cut ~5% of support center staff.
- FY2022 guidance: revenue at or slightly below low end of prior range; reaffirms at least 35 net new restaurant openings.

## SEC filing metadata
- accession: 0001628280-22-028916
- form_type: 8-K
- ticker: SG
- cik: 0001477815
- company_name: Sweetgreen, Inc.
- filed_at: 2022-11-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1477815/000162828022028916/0001628280-22-028916-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1477815/000162828022028916/sg-20221108.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-22-028916
- JSON: https://secwatch.observer/filing/0001628280-22-028916.json
- Plain text: https://secwatch.observer/filing/0001628280-22-028916.txt

## Key facts
- Earnings Releases
  Sweetgreen, Inc. reported third fiscal quarter ended September 25, 2022 results: revenue $124.0 million, net income $(47.4) million.
  - Period: third fiscal quarter ended September 25, 2022
  - Revenue: $124.0 million
  - Net income: $(47.4) million
  - Result: reported results
  source text: invest for the long-term.” Third Quarter 2022 Financial Results For the third quarter of fiscal year 2022, compared to the third quarter of fiscal year 2021: • Total revenue was $124.0 million versus $95.8 million in the prior year period, an increase of 29%. • Same-Store Sales Change of 6% versus Same-Store Sales Change of 43% in the prior year period. • AUV of $2.9
  evidence_url: https://www.sec.gov/Archives/edgar/data/1477815/000162828022028916/0001628280-22-028916-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.