8-K
filed July 27, 2023, 7:59 PM ET
ticker SG
CIK 0001477815
earnings
confidence high
sentiment positive
materiality 0.80
Sweetgreen Q2 revenue $152.5M (+22% YoY); first positive Adj. EBITDA as public company
Sweetgreen, Inc.
2023-Q2 EPS reported
-$0.55
revenue$277,587,000
- Net loss improved to $(27.3)M from $(40.5)M YoY; Adj. EBITDA $3.3M vs. $(7.8)M.
- Same-store sales +3% (price +4%, traffic/mix -1%); restaurant-level margin 20% (+186 bps).
- FY 2023 guidance: revenue $575-595M, Adj. EBITDA $(10)-$0M, net new stores 30-35.
- Digital revenue 59% of total (owned 37%); 10 net new restaurant openings in Q2.
- CEO cites 'commitment to durability' balancing growth and profitability.
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 quarter ended June 25, 2023 results: revenue $152.5 million, net income $(27.3) million.
- Period
- fiscal quarter ended June 25, 2023
- Revenue
- $152.5 million
- Net income
- $(27.3) million
- Result
- reported results
Exact text from the filing
ended June 25, 2023. Second quarter 2023 financial highlights For the second quarter of fiscal year 2023, compared to the second quarter of fiscal year 2022: • Total revenue was $152.5 million, versus $124.9 million in the prior year period, an increase of 22%. • Same-Store Sales Change of 3%, versus Same-Store Sales Change of 16% in the prior year period. • AUV of
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Sweetgreen, Inc. reported fiscal year 2023 results: revenue ranging from $575 million to $595 million.
- Period
- fiscal year 2023
- Revenue
- ranging from $575 million to $595 million
- Result
- guidance update
Exact text from the filing
For the fiscal year 2023, we are updating our fiscal year 2023 guidance to reflect a higher Restaurant-Level Profit Margin and a lower Adjusted EBITDA loss. We now anticipate: • 30-35 Net New Restaurant openings • Revenue ranging from $575 million to $595 million • Same-Store Sales between 2% and 6% • Restaurant-Level Profit Margin between 16% and 18% • Adjusted EBITDA between $(10) million and $(0) million
View on SEC.gov
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