Sweetgreen Q4 revenue up 23% to $118.6M, net loss narrows to $49.3M; guides FY23 revenue $575-595M

Sweetgreen, Inc.

2022-FY EPS reported -$1.73 revenue$470,105,000

Q4 revenue $118.6M (+23% YoY); same-store sales +4% vs +36% prior year.
Net loss $49.3M vs $66.2M prior year; adjusted EBITDA -$17.9M vs -$14.2M.
FY22 revenue $470.1M (+38% YoY); net loss $190.4M vs $153.2M.
FY23 guidance: revenue $575-595M, same-store sales +2-6%, adjusted EBITDA -$20M to -$10M.
Restaurant-level profit margin 11% in Q4 (down from 13%) due to romaine/arugula/tomato shortages.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Sweetgreen, Inc. reported fiscal year ended December 25, 2022 results: revenue $470.1 million, net income $(190.4) million.

Period: fiscal year ended December 25, 2022
Revenue: $470.1 million
Net income: $(190.4) million
Result: reported results

Exact text from the filing

Total revenue was $470.1 million versus $339.9 million

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Sweetgreen, Inc. reported fourth quarter ended December 25, 2022 results: revenue $118.6 million, net income $(49.3) million.

Period: fourth quarter ended December 25, 2022
Revenue: $118.6 million
Net income: $(49.3) million
Result: reported results

Exact text from the filing

Total revenue in the fourth quarter of 2022 was $118.6 million

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Sweetgreen, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-23-004819

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