Earnings Releases·Nov 5, 2026, 4:13 PM ET

Sweetgreen, Inc. — Third Quarter 2026 Earnings Summary

Total revenue increased 2.1% year-over-year to $176.0 million, driven by $13.8 million in incremental revenue from new openings, though same-store sales declined 6.4% due to a cyclosporiasis outbreak and traffic decreases.
Operating and net losses narrowed year-over-year to $(31.8) million and $(30.7) million respectively, while Adjusted EBITDA widened to a $(6.8) million loss; Restaurant-Level Profit Margin fell to 10.4% from 13.1% amid higher labor costs.
Fiscal 2026 guidance was updated to reflect approximately 10 net new openings (half with Infinite Kitchen), a same-store sales decline of (5.5)%, and an Adjusted EBITDA range of $(23.0) million to $(20.0) million.
The company recognized a $160.5 million gain on the sale of the Spyce business, received $86.4 million in Wonder Group Series C Preferred Stock, and increased cash equivalents to $119.8 million.
Management cited the "Sweet Growth Transformation Plan" as taking hold, noting positive comparable sales in October, while fiscal 2027 expansion is expected to be half the pace of the current year.