---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-025929"
form_type: "8-K"
ticker: "SG"
cik: "0001477815"
company_name: "Sweetgreen, Inc."
filed_at: "2023-07-27T23:59:59+00:00"
generated_at: "2026-06-13T00:20:11.379337+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Sweetgreen Q2 revenue $152.5M (+22% YoY); first positive Adj. EBITDA as public company

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-23-025929
- form_type: 8-K
- ticker: SG
- cik: 0001477815
- company_name: Sweetgreen, Inc.
- filed_at: 2023-07-27T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1477815/000162828023025929/0001628280-23-025929-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1477815/000162828023025929/sg-20230727.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-025929
- JSON: https://secwatch.observer/filing/0001628280-23-025929.json
- Plain text: https://secwatch.observer/filing/0001628280-23-025929.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1477815/000162828023025929/0001628280-23-025929-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1477815/000162828023025929/0001628280-23-025929-index.htm

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