secwatch.observer — SEC 8-K summary
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Issuer:     Sweetgreen, Inc. (SG)
CIK:        0001477815
Form:       8-K
Filed at:   2023-02-23T23:59:59+00:00
Accession:  0001628280-23-004819
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1477815/000162828023004819/0001628280-23-004819-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1477815/000162828023004819/sg-20230223.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-004819

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