secwatch.observer — SEC 8-K summary
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Issuer:     Sweetgreen, Inc. (SG)
CIK:        0001477815
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0001628280-24-022238
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1477815/000162828024022238/0001628280-24-022238-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1477815/000162828024022238/sg-20240509.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-022238

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