---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-015732"
form_type: "8-K"
ticker: "SG"
cik: "0001477815"
company_name: "Sweetgreen, Inc."
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T21:38:18.847230+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Sweetgreen Q1 revenue $125.1M (+22% YoY), net loss narrows to $33.7M; CMO departs

## Summary
- Revenue $125.1M (+22% YoY); same-store sales +5%.
- Operating loss narrowed to $35.3M from $50.0M; Adjusted EBITDA improved to ($6.7M).
- Restaurant-Level Profit margin 14% vs 13% YoY; net new restaurants 9.
- FY2023 guidance: revenue $575M-$595M, Adj. EBITDA $(13M)-$(3M) (includes $6.9M ERC).
- Chief Marketing Officer Daniel Shlossman resigns effective May 19, 2023.

## SEC filing metadata
- accession: 0001628280-23-015732
- form_type: 8-K
- ticker: SG
- cik: 0001477815
- company_name: Sweetgreen, Inc.
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1477815/000162828023015732/0001628280-23-015732-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1477815/000162828023015732/sg-20230501.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-015732
- JSON: https://secwatch.observer/filing/0001628280-23-015732.json
- Plain text: https://secwatch.observer/filing/0001628280-23-015732.txt

## Key facts
- Earnings Releases
  Sweetgreen, Inc. reported first fiscal quarter ended March 26, 2023 results: revenue $125.1 million, net income $(33.7) million.
  - Period: first fiscal quarter ended March 26, 2023
  - Revenue: $125.1 million
  - Net income: $(33.7) million
  - Result: reported results
  source text: For the first quarter of fiscal year 2023, compared to the first quarter of fiscal year 2022: • Total revenue was $125.1 million versus $102.6 million in the prior year period, an increase of 22%. • Same-Store Sales Change of 5% versus Same-Store Sales Change of 35% in the prior year period. • AUV of $2.9 million versus AUV of $2.8 million in the prior year period. • Total Digital Revenue Percentage of 61% and Owned Digital Revenue Percentage of 39%, versus Total Digital Revenue Percentage of 66% and Owned Digital Revenue Percentage of 43% in the prior year period. • Loss from operations was $(35.3) million and loss from operations margin was (28)% versus loss from operations of $(50.0) million and loss from operations margin of (49)% in the prior year period; this includes $6.9 million from employee retention credits issued as part of the Coronavirus Aid, Relief and Economic Security Act, of which $5.1 million is included within general and administrative expense and $1.8 million incl
  evidence_url: https://www.sec.gov/Archives/edgar/data/1477815/000162828023015732/0001628280-23-015732-index.htm
- Executive change
  Daniel Shlossman resigned as Chief Marketing Officer at Sweetgreen, Inc..
  - Action: resigned
  - Role: Chief Marketing Officer
  source text: On May 1, 2023, Daniel Shlossman, Chief Marketing Officer of the Company, resigned from his position as Chief Marketing Officer, effective as of May 19, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1477815/000162828023015732/0001628280-23-015732-index.htm

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