10-K · February 27, 2026
Sweetgreen positions itself around a five-part 'Sweet Growth Transformation Plan' focused on operational excellence, menu quality, personalized digital engagement, brand relevance, and disciplined profitable investment.…
Earnings analysis · 10-Q
SG earnings analysis
Filed May 8, 2026 · Our reading of the company's report
The latest report
Sweetgreen, Inc. reported Q1 2026 results with revenue of $161.5 million, down 2.9% year-over-year, and a diluted EPS of -$0.27, missing consensus estimates. The net income was significantly boosted by a one-time gain…
Read full summary
Sweetgreen, Inc. reported Q1 2026 results with revenue of $161.5 million, down 2.9% year-over-year, and a diluted EPS of -$0.27, missing consensus estimates. The net income was significantly boosted by a one-time gain from the sale of Spyce, amounting to $160.6 million, but the company's operational losses expanded due to a negative 12.8% same-store sales change and increased operating costs.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $-0.27
What stood out
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Revenue Decline
Revenue decreased by 2.9% year-over-year from $166.3 million to $161.5 million.
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Increased Digital Revenue
Total digital revenue increased to 67.2%, up from 59.9% in the prior year.
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Significant Gain from Asset Sale
The company recorded a $160.6 million gain from the sale of Spyce, materially impacting net income.
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Operating Margin Struggles
Operating margin worsened to -21.3% from -17.2% in the previous quarter.
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Same-Store Sales Decline
Experienced a 12.8% decline in same-store sales vs. 3.1% decline in the prior year.
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Cash Balance Improvement
Cash increased to $156.8 million from $89.2 million as of December 28, 2025.
What to watch
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Operational Losses
Loss from operations increased by 20.4% to $34.3 million from $28.5 million in the prior year.
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Decreased Customer Traffic
Overall customer traffic declined by 11.2% impacting revenue and sales performance.
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Higher Operating Costs
Total operating costs rose 6.4% from $136.6 million to $145.3 million, straining margins.
Management's outlook
Company anticipates opening 13 new restaurants in FY 2026 and expects continued challenges in same-store sales.
Earlier filings 4
10-Q · November 7, 2025
Sweetgreen reported revenue of $172.4M for the 13 weeks ended September 28, 2025, roughly flat year-over-year (-$1.0M) but down versus the prior quarter. Gross margin compressed to ~13.1% (from 20.2% a year ago),…
10-Q · November 8, 2024
Sweetgreen reported revenue of $173.431M for the quarter ended September 29, 2024, up $20.003M (13.0%) versus the year-ago quarter, with gross margin improving to ~20.2% and operating loss narrowing to $21.175M. Net…
10-Q · August 9, 2024
Sweetgreen reported quarterly revenue of $184,641,000 (Q2 ended June 30, 2024), up materially versus the year-ago quarter and prior quarter, with gross margin expanding to 22.5% and operating loss narrowing to -8.8%.…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.