Sweetgreen Q1 revenue down 2.9% to $161.5M; same-store sales -12.8%

Sweetgreen, Inc.

2026-Q1 EPS reported $1.05 revenue$161,521,000

Net income of $125.8M driven by $160.6M gain from Spyce sale, vs net loss of $25.0M a year ago.
Restaurant-Level Profit Margin fell ~800 bps to 10.0%; Adjusted EBITDA -$8.1M vs $0.3M prior year.
Fiscal 2026 guidance cut: Same-store sales change (4.0)% to (2.0)%, Adj. EBITDA $1M-$6M (from prior undisclosed expectations).
CEO cites 'softer than anticipated' Q1; April momentum from Wraps launch and improved restaurant execution.
Net new restaurant openings forecast cut to ~13 (vs prior ~?); about half with Infinite Kitchen.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Sweetgreen, Inc. reported first fiscal quarter ended March 29, 2026 results: revenue $161.5 million, net income $125.8 million. Guidance reaffirmed.

Period: first fiscal quarter ended March 29, 2026
Revenue: $161.5 million
Net income: $125.8 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

29, 2026. First quarter 2026 financial highlights For the first quarter of fiscal year 2026, compared to the first quarter of fiscal year 2025: • Total revenue decreased 2.9% to $161.5 million. • Same-Store Sales Change of (12.8%), versus (3.1%). • Total Digital Revenue Percentage of 67.2%, up from 59.9% and Owned Digital Revenue Percentage (1) of 38.9%, up from 31.9%.

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Source: SEC EDGAR

accession 0001628280-26-032197

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