---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-032197"
form_type: "8-K"
ticker: "SG"
cik: "0001477815"
company_name: "Sweetgreen, Inc."
filed_at: "2026-05-07T23:59:59+00:00"
generated_at: "2026-05-14T21:35:37.548554+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-26-032197
- form_type: 8-K
- ticker: SG
- cik: 0001477815
- company_name: Sweetgreen, Inc.
- filed_at: 2026-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1477815/000162828026032197/0001628280-26-032197-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1477815/000162828026032197/sg-20260507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-032197
- JSON: https://secwatch.observer/filing/0001628280-26-032197.json
- Plain text: https://secwatch.observer/filing/0001628280-26-032197.txt

## Source-grounded claims
- claim_id: 889bff857c541d053e4e9e546373e18a3fb0e8e5
  claim: Sweetgreen, Inc. reported first fiscal quarter ended March 29, 2026 results: revenue $161.5 million, net income $125.8 million. Guidance reaffirmed.
  evidence_excerpt: 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%.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1477815/000162828026032197/0001628280-26-032197-index.htm

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