---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-022238"
form_type: "8-K"
ticker: "SG"
cik: "0001477815"
company_name: "Sweetgreen, Inc."
filed_at: "2024-05-09T23:59:59+00:00"
generated_at: "2026-06-02T05:30:57.884623+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0001628280-24-022238
- form_type: 8-K
- ticker: SG
- cik: 0001477815
- company_name: Sweetgreen, Inc.
- filed_at: 2024-05-09T23:59:59+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/1477815/000162828024022238/0001628280-24-022238-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1477815/000162828024022238/sg-20240509.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-022238
- JSON: https://secwatch.observer/filing/0001628280-24-022238.json
- Plain text: https://secwatch.observer/filing/0001628280-24-022238.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1477815/000162828024022238/0001628280-24-022238-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1477815/000162828024022238/0001628280-24-022238-index.htm

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