secwatch.observer — SEC 8-K summary
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Issuer:     Sweetgreen, Inc. (SG)
CIK:        0001477815
Form:       8-K
Filed at:   2024-02-29T23:59:59+00:00
Accession:  0001628280-24-007967
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1477815/000162828024007967/0001628280-24-007967-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1477815/000162828024007967/sg-20240229.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-007967

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer