secwatch.observer — SEC 8-K summary
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Issuer:     Sweetgreen, Inc. (SG)
CIK:        0001477815
Form:       8-K/A
Filed at:   2025-02-27T23:59:59+00:00
Accession:  0001628280-25-008361
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud

Sweetgreen files amended 8-K to correct Q1 2025 same-store sales guidance from positive to negative
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- Original 8-K had typo 'approximately 5-3%' instead of correct 'approximately (5)-(3)%' for Q1 2025 same-store sales change.
- Q4 2024 revenue $160.9M, same-store sales +4%, net loss $29.0M, adjusted EBITDA -$0.6M.
- FY2024 revenue $676.8M, same-store sales +6%, net loss $90.4M, first full-year positive adjusted EBITDA of $18.7M.
- FY2025 guidance: revenue $760-$780M, same-store sales 1-3%, at least 40 net new openings including 20 Infinite Kitchens.
- Q1 2025 guidance: same-store sales decline 5% to 3%, revenue $163-$166M, adjusted EBITDA loss $3M to $1M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1477815/000162828025008361/0001628280-25-008361-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1477815/000162828025008361/sg-20250226.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-008361

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