secwatch.observer — SEC 8-K summary
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Issuer:     Sweetgreen, Inc. (SG)
CIK:        0001477815
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001628280-24-046247
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sweetgreen Q3 revenue $173.4M (+13% YoY), raises FY2024 guidance
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- Same-store sales grew 6% YoY, driven by 4% menu price increase and 2% traffic/mix.
- Restaurant-level profit margin hit 20.2%, up ~100 bps YoY; 7th consecutive quarter of expansion.
- Adjusted EBITDA improved to $6.8M from $2.5M a year ago; year-to-date Adjusted EBITDA $19.3M.
- Net loss narrowed to $20.8M from $25.1M; loss from operations margin improved to (12)% from (17)%.
- FY2024 guidance raised: revenue $675-680M, same-store sales 6-7%, Adjusted EBITDA $18-20M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1477815/000162828024046247/0001628280-24-046247-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1477815/000162828024046247/sg-20241107.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-046247

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