---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-036398"
form_type: "8-K"
ticker: "SG"
cik: "0001477815"
company_name: "Sweetgreen, Inc."
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-08T23:57:50.601088+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%).

## SEC filing metadata
- accession: 0001628280-23-036398
- form_type: 8-K
- ticker: SG
- cik: 0001477815
- company_name: Sweetgreen, Inc.
- filed_at: 2023-11-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1477815/000162828023036398/0001628280-23-036398-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1477815/000162828023036398/sg-20231102.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-036398
- JSON: https://secwatch.observer/filing/0001628280-23-036398.json
- Plain text: https://secwatch.observer/filing/0001628280-23-036398.txt

## Key facts
- Earnings Releases
  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
  source text: Total revenue in the third quarter of 2023 was $153.4 million, an increase of 24% versus the prior year period
  evidence_url: https://www.sec.gov/Archives/edgar/data/1477815/000162828023036398/0001628280-23-036398-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1477815/000162828023036398/0001628280-23-036398-index.htm
- Earnings Releases
  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
  source text: Revenue ranging from $575 million to $585 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1477815/000162828023036398/0001628280-23-036398-index.htm

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