Sweetgreen Q3 revenue $153.4M (+24%), Adj. EBITDA positive $2.5M, net loss narrows

Sweetgreen, Inc.

2023-Q3 EPS reported -$0.77 revenue$431,015,000

Total revenue $153.4M, up 24% YoY; same-store sales growth 4% with 5% menu price benefit partially offset by 1% traffic decline.
Restaurant-Level Profit Margin 19% (300 bps improvement); net loss $(25.1)M vs $(51.0)M prior year.
Adjusted EBITDA $2.5M positive vs $(7.2)M loss in prior year; driven by menu price increases and cost optimization.
FY2023 guidance: revenue $575-585M, same-store sales 3-5%, adj. EBITDA $(8)M to $(3)M, 35 net new restaurants.
15 net new restaurant openings in Q3; total digital revenue 58% (owned digital 37%).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

Sweetgreen, Inc. reported third fiscal quarter ended September 24, 2023 results: revenue 153.4 million dollars, net income loss of 25.1 million dollars.

Period: third fiscal quarter ended September 24, 2023
Revenue: 153.4 million dollars
Net income: loss of 25.1 million dollars
Result: reported results

Exact text from the filing

Total revenue in the third quarter of 2023 was $153.4 million, an increase of 24% versus the prior year period

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Earnings Releases SEC 8-K Item 2.02 confidence 0.98

Sweetgreen, Inc. reported third fiscal quarter ended September 24, 2023 results: revenue 153.4 million dollars, net income loss of 25.1 million dollars.

Period: third fiscal quarter ended September 24, 2023
Revenue: 153.4 million dollars
Net income: loss of 25.1 million dollars
Result: reported results

Exact text from the filing

September 24, 2023. Third quarter 2023 financial highlights For the third quarter of fiscal year 2023, compared to the third quarter of fiscal year 2022: • Total revenue was $153.4 million, versus $124.0 million in the prior year period, an increase of 24%. • Same-Store Sales Change of 4%, versus Same-Store Sales Change of 6% in the prior year period. • AUV of $2.9

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Sweetgreen, Inc. reported Fiscal Year 2023 results: revenue 575 million to 585 million dollars. Guidance reaffirmed.

Period: Fiscal Year 2023
Revenue: 575 million to 585 million dollars
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

Revenue ranging from $575 million to $585 million

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Sweetgreen, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-23-036398

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