Business Wire·May 7, 2026, 4:05 PM ET

Sweetgreen, Inc. Announces First Quarter 2026 Financial Results

Sweetgreen reported Q1 fiscal 2026 total revenue of $161.5 million, a 2.9% decrease from the prior year period.
Same-store sales declined 12.8% due to an 11.2% drop in traffic & a 2.3% decrease in product mix, partially offset by 0.7% pricing benefits.
Total digital revenue accounted for 67.2% of sales, while owned digital revenue (including SG Rewards) rose to 38.9%.
The company recorded a net income of $125.8 million, driven primarily by a $160.6 million gain on the disposal of the Spyce business.
Loss from operations was $34.3 million (21.3% margin), compared to a $28.5 million loss (17.2% margin) in the prior year.
Restaurant-level profit was $16.2 million with a 10.0% margin, down from $29.7 million & a 17.9% margin previously.
Adjusted EBITDA was a loss of $8.1 million (-5.0% margin), compared to a profit of $0.3 million (0.2% margin) in the prior year.
General & administrative expenses decreased to $29.3 million (18.1% of revenue) from $38.3 million (23.1%) due to lower stock-based compensation & management costs.
Sweetgreen opened 4 net new restaurants in Q1 2026, bringing the total count to over 285 locations.
Full-year fiscal 2026 outlook includes approximately 13 net new openings, same-store sales between -4.0% & -2.0%, restaurant-level profit margins of 14.2%-14.7%, & Adjusted EBITDA of $1.0 million-$6.0 million.
The company launched a nationwide wrap menu expansion & continues execution of its "Sweet Growth Transformation Plan" to improve guest experience & operations.