secwatch.observer — SEC 8-K summary
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Issuer:     Sweetgreen, Inc. (SG)
CIK:        0001477815
Form:       8-K
Filed at:   2022-11-08T23:59:59+00:00
Accession:  0001628280-22-028916
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1477815/000162828022028916/0001628280-22-028916-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1477815/000162828022028916/sg-20221108.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-028916

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