Core Insights - Sweetgreen's performance in 2025 was significantly poor, with comparable sales declining 11.5% in Q4 and total revenue falling 3.5% to $155.2 million, missing estimates on both fronts [1][2] - The company is projecting a challenging 2026, with guidance indicating comparable sales between -2% and -4% and a restaurant-level profit margin compressing to 14.2%-14.7% [1][2] Financial Performance - In 2024, Sweetgreen experienced a 6% increase in comparable sales and reported adjusted EBITDA of $18.7 million, but the stock has since plummeted 87% from its peak in late 2024 [2] - The company finished 2025 with a same-store sales decline of 7.9% and a revenue increase of only 0.4%, indicating a significant downturn compared to other fast-casual chains [6] Challenges Faced - Factors contributing to Sweetgreen's decline include setbacks from LA wildfires and a loss of loyalty members due to a change in its subscription model [4] - The company has faced criticism regarding high food prices and poor value perception, which have negatively impacted customer loyalty [6] Strategic Moves - Sweetgreen announced the sale of its Spyce business, which includes the Infinite Kitchen automation system, to raise cash while retaining usage rights [5] - The introduction of wraps, a new menu item, is seen as a potential strategy to improve sales and address price perception issues, with initial tests underway in select locations [7][8][9] Market Outlook - Despite the challenges, Sweetgreen's stock valuation has dropped significantly, trading at a price-to-sales ratio of just 1, suggesting that the market may be underestimating the potential for recovery [11][12] - A modest improvement in 2026 could lead to a positive stock response, with wraps potentially serving as a catalyst for growth [13]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 28, 2025 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-41069 SWEETGREEN, INC. (Exact name of registrant as specified in its charter) Delaware 27-1159215 (State or other j ...

Core Insights - Sweetgreen, Inc. reported a revenue of $155.19 million for the quarter ended December 2025, reflecting a year-over-year decline of 3.6% [1] - The earnings per share (EPS) for the same period was -$0.42, compared to -$0.25 a year ago, indicating a worsening financial performance [1] - The reported revenue was 2.82% lower than the Zacks Consensus Estimate of $159.69 million, and the EPS was 36.36% below the consensus estimate of -$0.31 [1] Financial Performance Metrics - Same-store sales decreased by 11.5%, slightly better than the estimated decline of 11.7% by five analysts [4] - The number of ending restaurants was 280, compared to the average estimate of 284 by five analysts [4] - Net new restaurant openings were 15, which is lower than the average estimate of 17 based on four analysts [4] Stock Performance - Sweetgreen's shares have returned -9% over the past month, while the Zacks S&P 500 composite has increased by 0.6% [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

Sweetgreen (NYSE:SG) Q4 2025 Earnings call February 26, 2026 05:00 PM ET Company ParticipantsJamie McConnell - CFOJon Tower - Director, Equity Research – Consumer RestaurantsJonathan Neman - Co-Founder and CEORebecca Nounou - VP, Head of Investor RelationsConference Call ParticipantsAndrew Charles - Managing Director, Consumer – Restaurants Research AnalystBrian Bittner - Managing Director, Senior Equity Research Analyst – RestaurantsBrian Harbour - Executive Director, Equity Research Analyst – Restaurants ...

Sweetgreen (NYSE:SG) Q4 2025 Earnings call February 26, 2026 05:00 PM ET Company ParticipantsJamie McConnell - CFOJon Tower - Director, Equity Research – Consumer RestaurantsJonathan Neman - Co-Founder and CEORebecca Nounou - VP, Head of Investor RelationsConference Call ParticipantsAndrew Charles - Managing Director, Consumer – Restaurants Research AnalystBrian Bittner - Managing Director, Senior Equity Research Analyst – RestaurantsBrian Harbour - Executive Director, Equity Research Analyst – Restaurants ...

Sweetgreen (NYSE:SG) Q4 2025 Earnings call February 26, 2026 05:00 PM ET Speaker11Thank you for standing by. At this time, I would like to welcome everyone to the Sweetgreen, Inc. fourth quarter 2025 earnings call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. We do ask you limit yourself to one question and one follow-up. If you would like to ask a question during this time, simply press star followed by the num ...

The salad restaurant chain said 2025 results fell short of expectations and the company is moving quickly through its transformation plan to strengthen its core business. ...

Sweetgreen, Inc. Announces Fourth Quarter and Fiscal Year 2025 Financial Results LOS ANGELES--(BUSINESS WIRE)-- Sweetgreen, Inc. (NYSE: SG) (the "Company"), the mission-driven, next- generation restaurant and lifestyle brand that serves healthy food at scale, today announced financial results for its fourth fiscal quarter and fiscal year ended December 28, 2025. Fourth Quarter 2025 Financial Highlights For the fourth quarter of fiscal year 2025, compared to the fourth quarter of fiscal year 2024: Full Year ...

Cava’s 25% Jump Might Herald a Slop-Bowl Resurrection - Moby BREAKING NEWS Cava might be turning around the slop-cession. The Sad Desk Lunch King’s stock is up over 25% and counting on Wednesday, as the company posted a clear fourth-quarter earnings beat and cleared $1 billion in annual revenue for the first time. It’s a remarkable turnaround for Cava, which fell nearly 50% last year as inflation and tariffs forced consumers to choose cheaper office lunches. That, and the fact that remote work means mo ...

Sweetgreen is rolling out wraps in select markets as same-store sales are expected to fall and shares remain far below their IPO highs. ...