secwatch.observer — SEC 8-K summary
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Issuer:     Sweetgreen, Inc. (SG)
CIK:        0001477815
Form:       8-K
Filed at:   2026-05-07T23:59:59+00:00
Accession:  0001628280-26-032197
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1477815/000162828026032197/0001628280-26-032197-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1477815/000162828026032197/sg-20260507.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-032197

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