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”
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.