secwatch / observer

Sweetgreen, Inc. — fact timeline

Source-grounded facts extracted from Sweetgreen, Inc.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

SG Sweetgreen, Inc. JSON
Shareholder Votes

Sweetgreen, Inc. shareholders approved Approval, on a non-binding, advisory basis, of the compensation of the Company’s named executive officers as disclosed in the Proxy Statement. at the 2026-06-11 meeting.

“Proposal 3. The stockholders approved, on a non-binding, advisory basis, the compensation of the Company’s named executive officers as disclosed in the Proxy Statement. The results of such vote were: FOR AGAINST ABSTAIN BROKER NON-VOTES 171,927,900 3,048,452 133,635 28,844,159”
Shareholder Votes

Sweetgreen, Inc. shareholders approved Ratification of the selection by the Audit Committee of the Company’s Board of Directors of Deloitte & Touche LLP as the Company’s independent registered accounting firm for the fiscal year ending December 27, 2026. at the 2026-06-11 meeting.

“Proposal 2. The stockholders ratified the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 27, 2026. The results of such vote were: FOR AGAINST ABSTAIN BROKER NON-VOTES 203,336,007 533,524 84,615 0”
Shareholder Votes

Sweetgreen, Inc. shareholders approved Election of nine directors to serve until the 2027 annual meeting of stockholders or until their successors are duly elected and qualified. at the 2026-06-11 meeting.

“Proposal 1. The stockholders elected each of the nine nominees named below to serve as directors until the 2027 annual meeting of stockholders or until their successors are duly elected and qualified. The results of such vote were: FOR WITHHOLD BROKER NON-VOTES Neil Blumenthal 170,564,787 4,545,200 28,844,159 Julie Bornstein 168,409,910 6,700,077 28,844,159 Cliff Burrows 172,822,169 2,287,818 28,844,159 Nicolas Jammet 172,884,692 2,225,295 28,844,159 Montgomery Moran 169,478,402 5,631,585 28,844,159 Jonathan Neman 172,645,022 2,464,965 28,844,159 Dawn Ostroff 166,290,831 8,819,156 28,844,159 Nathaniel Ru 172,935,640 2,174,347 28,844,159 Bradley Singer 172,811,880 2,298,107 28,844,159”
Earnings Releases

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

“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%.”
M&A Transactions

Sweetgreen, Inc. completed a disposition involving Wonder Group, Inc. for $100.0 million in cash and issued to the Company shares of Series C Preferred Stock of Wonder with an implied value of $86.4 million (closed 2025-12-29).

“Sub II continuing as a wholly-owned subsidiary of Wonder (collectively, the “Spyce Sale”). On the Closing Date, as consideration for the Spyce Sale, Wonder paid to the Company $100.0 million in cash and issued to the Company shares of Series C Preferred Stock of Wonder with an implied value of $86.4 million based on the price per share at which shares were issued by”

Jason Cochran was appointed as Chief Operating Officer at Sweetgreen, Inc..

“On April 29, 2025, Sweetgreen, Inc. (the “Company”) announced the appointment of Jason Cochran as the Company’s Chief Operating Officer, effective May 5, 2024 (“the “Effective Date”).”

Rossann Williams departed as Chief Operating Officer at Sweetgreen, Inc..

“On April 16, 2025, Sweetgreen, Inc. (the “Company”) and Rossann Williams, the Company’s Chief Operating Officer, mutually agreed that Ms. Williams would leave her employment with the Company, effective immediately.”

Dawn Ostroff was appointed as Director at Sweetgreen, Inc..

“the Board has nominated Monty Moran and Dawn Ostroff as new independent directors”

Monty Moran was appointed as Director at Sweetgreen, Inc..

“the Board has nominated Monty Moran and Dawn Ostroff as new independent directors”

Valerie Jarrett departed as Director at Sweetgreen, Inc..

“Sweetgreen, Inc. (the “Company”) announced that Youngme Moon and Valerie Jarrett will not stand for re-election as directors of the Company at the 2025 annual meeting of stockholders”

Youngme Moon departed as Director at Sweetgreen, Inc..

“Sweetgreen, Inc. (the “Company”) announced that Youngme Moon and Valerie Jarrett will not stand for re-election as directors of the Company at the 2025 annual meeting of stockholders”
Earnings Releases

Sweetgreen, Inc. reported Fiscal year 2024 results: revenue $660 million to $675 million. Guidance raised.

“For fiscal year 2024, we are updating our financial guidance to reflect the strength of the first quarter. • 23-27 Net New Restaurant Openings • Revenue ranging from $660 million to $675 million • Same-Store Sales Change between 4-6% • Restaurant-Level Profit Margin of 18.5%-20% • Adjusted EBITDA between $10 million to $19 million”
Earnings Releases

Sweetgreen, Inc. reported First quarter ended March 31, 2024 results: revenue $157.9 million, net income $(26.1) million.

“ended March 31, 2024. First quarter 2024 financial highlights For the first quarter of fiscal year 2024, compared to the first quarter of fiscal year 2023: • Total revenue was $157.9 million, versus $125.1 million in the prior year period, an increase of 26%. • Same-Store Sales Change of 5% was consistent with the prior year period. • AUV of $2.9 million was”
Material Agreements

Sweetgreen, Inc. amended Letter Agreement with Welcome to the Dairy, LLC valued at Landlord receives 100% of Company's profits under Sublease in excess of amounts payable under Lease; (effective 2024-04-30).

“In connection with the Landlord’s consent to the Sublease Agreement, the Company and the Landlord entered into a letter agreement, dated as of April 30, 2024, modifying the terms of the Lease (the “ Letter Agreement ”).”
Material Agreements

Sweetgreen, Inc. entered into Sublease Agreement with FPM Development, LLC valued at Monthly base rent ranging from $399,844.25 to $491,757.99; annual base rent from $4,398,286.75 to $5 (effective 2024-04-30).

“On April 30, 2024, Sweetgreen, Inc. (the “ Company ”) entered into a sublease agreement (the “ Sublease Agreement ”) with FPM Development, LLC, a Wyoming limited liability company (the “ Subtenant ”), pursuant to which the Company will sublease approximately 57,681 square feet of space (the “ Phase I Premises ”) and approximately 36,400 square feet of space (the “ Phase II Premises ” and together with the Phase I Premises, the “ Premises ”) located at 3101 Exposition Boulevard, Los Angeles, California 90018.”
Earnings Releases

Sweetgreen, Inc. reported for its fiscal year ended December 31, 2023 results: revenue $584.0 million, net income $(113.4) million. Guidance initiated.

“versus 10 Net New Restaurant Openings in the prior year period. Full Year Fiscal 2023 Financial Highlights For fiscal year 2023 compared to fiscal year 2022: • Total revenue was $584.0 million versus $470.1 million in the prior fiscal year, an increase of 24%. • Same-Store Sales Change of 4% versus Same-Store Sales Change of 13% in the prior fiscal year. • AUV of $2.9”
Earnings Releases

Sweetgreen, Inc. reported for its fourth fiscal quarter ended December 31, 2023 results: revenue $153.0 million, net income $(27.4) million. Guidance initiated.

“December 31, 2023. Fourth Quarter 2023 Financial Highlights For the fourth quarter of fiscal year 2023, compared to the fourth quarter of fiscal year 2022: • Total revenue was $153.0 million versus $118.6 million in the prior year period, an increase of 29%. • Same-Store Sales Change of 6% versus Same-Store Sales Change of 4% in the prior year period. • AUV of $2.9”

Rossann Williams was appointed as Chief Operating Officer at Sweetgreen, Inc..

“On January 31, 2024, Sweetgreen, Inc. (the “ Company ”) appointed Rossann Williams as the Company’s Chief Operating Officer, effective February 5, 2024.”

Timothy Noonan changed role as Senior Vice President, Development at Sweetgreen, Inc..

“Timothy Noonan has been promoted to the position of Senior Vice President, Development, effective immediately.”

Jim McPhail departed as Chief Development Officer at Sweetgreen, Inc..

“Jim McPhail, the Company’s Chief Development Officer, will no longer be with the Company, effective December 31, 2023.”
Earnings Releases

Sweetgreen, Inc. reported Fiscal Year 2023 results: revenue 575 million to 585 million dollars. Guidance reaffirmed.

“Revenue ranging from $575 million to $585 million”
Earnings Releases

Sweetgreen, Inc. reported third fiscal quarter ended September 24, 2023 results: revenue 153.4 million dollars, net income loss of 25.1 million dollars.

“Total revenue in the third quarter of 2023 was $153.4 million, an increase of 24% versus the prior year period”
Earnings Releases

Sweetgreen, Inc. reported fiscal year 2023 results: revenue ranging from $575 million to $595 million.

“For the fiscal year 2023, we are updating our fiscal year 2023 guidance to reflect a higher Restaurant-Level Profit Margin and a lower Adjusted EBITDA loss. We now anticipate: • 30-35 Net New Restaurant openings • Revenue ranging from $575 million to $595 million • Same-Store Sales between 2% and 6% • Restaurant-Level Profit Margin between 16% and 18% • Adjusted EBITDA between $(10) million and $(0) million”
Earnings Releases

Sweetgreen, Inc. reported fiscal quarter ended June 25, 2023 results: revenue $152.5 million, net income $(27.3) million.

“ended June 25, 2023. Second quarter 2023 financial highlights For the second quarter of fiscal year 2023, compared to the second quarter of fiscal year 2022: • Total revenue was $152.5 million, versus $124.9 million in the prior year period, an increase of 22%. • Same-Store Sales Change of 3%, versus Same-Store Sales Change of 16% in the prior year period. • AUV of”
Shareholder Votes

Sweetgreen, Inc. shareholders approved Ratification of selection of Deloitte & Touche LLP as independent registered public accounting firm for fiscal year 2023 at the 2023-06-15 meeting.

“The stockholders ratified the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023.”
Shareholder Votes

Sweetgreen, Inc. shareholders approved Nonbinding advisory vote on the preferred frequency for solicitation of advisory stockholder approval of executive compensation at the 2023-06-15 meeting.

“The stockholders indicated, on a nonbinding, advisory basis, every one year as the preferred frequency for the solicitation of advisory stockholder approval of the compensation of the Company’s named executive officers.”
Shareholder Votes

Sweetgreen, Inc. shareholders approved Election of nine nominees for director at the 2023-06-15 meeting.

“The stockholders elected each of the nine nominees named below to serve as directors until the 2024 annual meeting of stockholders or until their successors are duly elected and qualified.”
Earnings Releases

Sweetgreen, Inc. reported first fiscal quarter ended March 26, 2023 results: revenue $125.1 million, net income $(33.7) million.

“For the first quarter of fiscal year 2023, compared to the first quarter of fiscal year 2022: • Total revenue was $125.1 million versus $102.6 million in the prior year period, an increase of 22%. • Same-Store Sales Change of 5% versus Same-Store Sales Change of 35% in the prior year period. • AUV of $2.9 million versus AUV of $2.8 million in the prior year period. • Total Digital Revenue Percentage of 61% and Owned Digital Revenue Percentage of 39%, versus Total Digital Revenue Percentage of 66% and Owned Digital Revenue Percentage of 43% in the prior year period. • Loss from operations was $(35.3) million and loss from operations margin was (28)% versus loss from operations of $(50.0) million and loss from operations margin of (49)% in the prior year period; this includes $6.9 million from employee retention credits issued as part of the Coronavirus Aid, Relief and Economic Security Act, of which $5.1 million is included within general and administrative expense and $1.8 million incl”

Daniel Shlossman resigned as Chief Marketing Officer at Sweetgreen, Inc..

“On May 1, 2023, Daniel Shlossman, Chief Marketing Officer of the Company, resigned from his position as Chief Marketing Officer, effective as of May 19, 2023.”
Earnings Releases

Sweetgreen, Inc. reported fiscal year ended December 25, 2022 results: revenue $470.1 million, net income $(190.4) million.

“Total revenue was $470.1 million versus $339.9 million”
Earnings Releases

Sweetgreen, Inc. reported fourth quarter ended December 25, 2022 results: revenue $118.6 million, net income $(49.3) million.

“Total revenue in the fourth quarter of 2022 was $118.6 million”
Debt Financings

Sweetgreen, Inc. amended revolving credit of $45.0 million with EagleBank at one-month term SOFR, plus 2.90% maturing December 13, 2024.

“The Third Amendment upsizes the existing revolving credit facility from $35.0 million to $45.0 million, and extends the maturity date of such revolving credit facility from December 14, 2022 to December 13, 2024.”
Material Agreements

Sweetgreen, Inc. amended Amendment No. 3 to First Amended and Restated Revolving Credit, Delayed Draw Term Loan and Security Agreement with EagleBank valued at $45.0 million (effective 2022-12-13).

“On December 13, 2022, Sweetgreen, Inc. (the “ Company ”) and certain of its material subsidiaries entered into an Amendment No. 3 to First Amended and Restated Revolving Credit, Delayed Draw Term Loan and Security Agreement (the “ Third Amendment ”), which amends the Company’s existing 2020 Credit Facility with EagleBank (as amended, the “ Amended 2020 Credit Facility ”).”

Stephanie Traut changed role as Senior Vice President, Operations at Sweetgreen, Inc..

“the Company has promoted Stephanie Traut to the role of Senior Vice President, Operations, effective January 1, 2023.”

Chris Carr resigned as Chief Operating Officer at Sweetgreen, Inc..

“Chris Carr, Chief Operating Officer of Sweetgreen, Inc. (the “ Company ”), resigned from his position as Chief Operating Officer, effective as of December 31, 2022.”
Earnings Releases

Sweetgreen, Inc. reported third fiscal quarter ended September 25, 2022 results: revenue $124.0 million, net income $(47.4) million.

“invest for the long-term.” Third Quarter 2022 Financial Results For the third quarter of fiscal year 2022, compared to the third quarter of fiscal year 2021: • Total revenue was $124.0 million versus $95.8 million in the prior year period, an increase of 29%. • Same-Store Sales Change of 6% versus Same-Store Sales Change of 43% in the prior year period. • AUV of $2.9”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.