---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-007967"
form_type: "8-K"
ticker: "SG"
cik: "0001477815"
company_name: "Sweetgreen, Inc."
filed_at: "2024-02-29T23:59:59+00:00"
generated_at: "2026-06-05T06:32:30.634155+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Sweetgreen Q4 rev +29% YoY; guides to first positive adj. EBITDA in FY2024

## Summary
- Q4 revenue $153.0M (+29% YoY); same-store sales +6%; net loss narrowed to $(27.4M) from $(49.3M).
- Restaurant-level profit margin expanded 500 bps to 16%; adj. EBITDA loss $(1.8M) vs $(17.9M).
- FY23 revenue $584.0M (+24%); net loss $(113.4M) improved from $(190.4M); adj. EBITDA $(2.8M) vs $(49.9M).
- FY24 guidance: rev $655-670M, same-store sales +3-5%, restaurant-level margin 18-19.5%, adj. EBITDA $8-15M.
- First-quarter FY24 outlook: rev $150-154M, adj. EBITDA between $(4)M and $(2)M.

## SEC filing metadata
- accession: 0001628280-24-007967
- form_type: 8-K
- ticker: SG
- cik: 0001477815
- company_name: Sweetgreen, Inc.
- filed_at: 2024-02-29T23:59:59+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/1477815/000162828024007967/0001628280-24-007967-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1477815/000162828024007967/sg-20240229.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-007967
- JSON: https://secwatch.observer/filing/0001628280-24-007967.json
- Plain text: https://secwatch.observer/filing/0001628280-24-007967.txt

## Key facts
- Earnings Releases
  Sweetgreen, Inc. reported for its fourth fiscal quarter ended December 31, 2023 results: revenue $153.0 million, net income $(27.4) million. Guidance initiated.
  - Period: for its fourth fiscal quarter ended December 31, 2023
  - Revenue: $153.0 million
  - Net income: $(27.4) million
  - Guidance: initiated
  - Result: reported results
  source text: December 31, 2023. Fourth Quarter 2023 Financial Highlights For the fourth quarter of fiscal year 2023, compared to the fourth quarter of fiscal year 2022: • Total revenue was $153.0 million versus $118.6 million in the prior year period, an increase of 29%. • Same-Store Sales Change of 6% versus Same-Store Sales Change of 4% in the prior year period. • AUV of $2.9
  evidence_url: https://www.sec.gov/Archives/edgar/data/1477815/000162828024007967/0001628280-24-007967-index.htm
- Earnings Releases
  Sweetgreen, Inc. reported for its fiscal year ended December 31, 2023 results: revenue $584.0 million, net income $(113.4) million. Guidance initiated.
  - Period: for its fiscal year ended December 31, 2023
  - Revenue: $584.0 million
  - Net income: $(113.4) million
  - Guidance: initiated
  - Result: reported results
  source text: versus 10 Net New Restaurant Openings in the prior year period. Full Year Fiscal 2023 Financial Highlights For fiscal year 2023 compared to fiscal year 2022: • Total revenue was $584.0 million versus $470.1 million in the prior fiscal year, an increase of 24%. • Same-Store Sales Change of 4% versus Same-Store Sales Change of 13% in the prior fiscal year. • AUV of $2.9
  evidence_url: https://www.sec.gov/Archives/edgar/data/1477815/000162828024007967/0001628280-24-007967-index.htm

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