Sweetgreen Q1 revenue up 26% to $157.9M; first positive Adjusted EBITDA of $0.1M

Sweetgreen, Inc.

2024-Q1 EPS reported -$0.23 revenue$157,850,000

Same-store sales change of 5%; restaurant-level profit margin expanded 400 bps to 18%.
Net loss narrowed to $(26.1M) from $(33.7M) YoY; loss from operations margin improved to (17)% from (28)%.
FY 2024 guidance raised: revenue $660-675M, Adjusted EBITDA $10-19M, 23-27 net new restaurants.
Total digital revenue was 59% of revenue; owned digital revenue 33%.

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 0.9

Sweetgreen, Inc. reported First quarter ended March 31, 2024 results: revenue $157.9 million, net income $(26.1) million.

Period: First quarter ended March 31, 2024
Revenue: $157.9 million
Net income: $(26.1) million
Result: reported results

Exact text from the filing

ended March 31, 2024. First quarter 2024 financial highlights For the first quarter of fiscal year 2024, compared to the first quarter of fiscal year 2023: • Total revenue was $157.9 million, versus $125.1 million in the prior year period, an increase of 26%. • Same-Store Sales Change of 5% was consistent with the prior year period. • AUV of $2.9 million was

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Earnings Releases SEC 8-K Item 2.02 confidence 0.7

Sweetgreen, Inc. reported Fiscal year 2024 results: revenue $660 million to $675 million. Guidance raised.

Period: Fiscal year 2024
Revenue: $660 million to $675 million
Guidance: raised
Result: guidance update

Exact text from the filing

For fiscal year 2024, we are updating our financial guidance to reflect the strength of the first quarter. • 23-27 Net New Restaurant Openings • Revenue ranging from $660 million to $675 million • Same-Store Sales Change between 4-6% • Restaurant-Level Profit Margin of 18.5%-20% • Adjusted EBITDA between $10 million to $19 million

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Source: SEC EDGAR

accession 0001628280-24-022238

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