secwatch.observer — SEC 8-K summary
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Issuer:     Sweetgreen, Inc. (SG)
CIK:        0001477815
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0001628280-23-015732
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1477815/000162828023015732/0001628280-23-015732-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1477815/000162828023015732/sg-20230501.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-015732

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