Revenue: As of FY2026 Q1, the actual value is USD 161.52 M, missing the estimate of USD 163.67 M.EPS: As of FY2026 Q1, the actual value is USD 1.05, beating the estimate of USD -0.2413.EBIT: As of FY2026 Q1, the actual value is USD -35.72 M.Sweetgreen, Inc. operates as a single reportable segment, encompassing its restaurant operations across the United States, with 285 restaurants as of March 29, 2026. <h4>Revenue</h4>For the thirteen weeks ended March 29, 2026, total revenue was $161,521 thousand, a 2.9% decrease from $166,304 thousand in the prior year. This decline was primarily due to a $20.7 million decrease in Comparable Restaurant Base revenue, resulting in a -12.8% Same-Store Sales Change, which was driven by an 11.2% decrease in traffic and a 2.3% decrease in product mix. This was partially offset by $19.2 million in incremental revenue from 39 Net New Restaurant Openings. Revenue by channel for the thirteen weeks ended March 29, 2026, compared to March 30, 2025, was: Owned Digital Channels: $62,827 thousand (2026) vs. $52,984 thousand (2025). In-Store Channel (Non-Digital component): $52,961 thousand (2026) vs. $66,706 thousand (2025). Marketplace Channel: $45,733 thousand (2026) vs. $46,614 thousand (2025). <h4>Operational Metrics</h4><ul><li>Net New Restaurant Openings: 4 for the thirteen weeks ended March 29, 2026, compared to 5 in the prior year. </li><li>Average Unit Volume (AUV): $2,572 thousand for the thirteen weeks ended March 29, 2026, down 11.5% from $2,907 thousand in the prior year. </li><li>Same-Store Sales Change: -12.8% for the thirteen weeks ended March 29, 2026, compared to -3.1% in the prior year. </li><li>Total Digital Revenue Percentage: 67.2% for the thirteen weeks ended March 29, 2026, up from 59.9% in the prior year. </li><li>Owned Digital Revenue Percentage: 38.9% for the thirteen weeks ended March 29, 2026, up from 31.9% in the prior year. </li><li>Infinite Kitchen deployment: 33 of 285 restaurants utilized Infinite Kitchen technology as of March 29, 2026. </li></ul><h4>Restaurant Operating Costs (exclusive of depreciation and amortization)</h4><ul><li>Food, beverage, and packaging: Increased by 6.5% to $46,853 thousand (29.0% of revenue) for the thirteen weeks ended March 29, 2026, from $43,992 thousand (26.5% of revenue) in the prior year. </li><li>Labor and related expenses: Increased by 5.6% to $50,761 thousand (31.4% of revenue) for the thirteen weeks ended March 29, 2026, from $48,071 thousand (28.9% of revenue) in the prior year. </li><li>Occupancy and related expenses: Increased by 13.4% to $17,767 thousand (11.0% of revenue) for the thirteen weeks ended March 29, 2026, from $15,674 thousand (9.4% of revenue) in the prior year. </li><li>Other restaurant operating costs: Increased by 3.7% to $29,939 thousand (18.5% of revenue) for the thirteen weeks ended March 29, 2026, from $28,880 thousand (17.4% of revenue) in the prior year. </li><li>Total cost of restaurant operations: Increased by 6.4% to $145,320 thousand for the thirteen weeks ended March 29, 2026, from $136,617 thousand in the prior year. </li></ul><h4>Operating Expenses</h4><ul><li>General and administrative: Decreased by 23.7% to $29,267 thousand (18.1% of revenue) for the thirteen weeks ended March 29, 2026, from $38,337 thousand (23.1% of revenue) in the prior year. </li><li>Depreciation and amortization: Increased by 8.9% to $18,629 thousand (11.5% of revenue) for the thirteen weeks ended March 29, 2026, from $17,106 thousand (10.3% of revenue) in the prior year. </li><li>Pre-opening costs: Decreased by 34.5% to $1,111 thousand (0.7% of revenue) for the thirteen weeks ended March 29, 2026, from $1,696 thousand (1.0% of revenue) in the prior year. </li><li>Impairment and closure costs: Increased to $636 thousand (0.4% of revenue) for the thirteen weeks ended March 29, 2026, from $94 thousand (0.1% of revenue) in the prior year. </li><li>Loss on disposal of property and equipment: Increased to $399 thousand (0.2% of revenue) for the thirteen weeks ended March 29, 2026, from $86 thousand (0.1% of revenue) in the prior year. </li><li>Restructuring charges: Decreased by 44.2% to $505 thousand (0.3% of revenue) for the thirteen weeks ended March 29, 2026, from $905 thousand (0.5% of revenue) in the prior year. </li></ul><h4>Operating Income/Loss</h4>Loss from operations for the thirteen weeks ended March 29, 2026, was - $34,346 thousand, compared to - $28,537 thousand for the thirteen weeks ended March 30, 2025. <h4>Other Income and Expenses</h4><ul><li>Interest income: Was - $1,406 thousand for the thirteen weeks ended March 29, 2026, compared to - $1,903 thousand in the prior year. </li><li>Interest expense: Was $28 thousand for the thirteen weeks ended March 29, 2026, compared to $0 thousand in the prior year. </li><li>Gain on disposal of business: A gain of - $160,562 thousand was recorded for the thirteen weeks ended March 29, 2026, related to the sale of Spyce and related assets. </li><li>Other expense (income): Was $7 thousand for the thirteen weeks ended March 29, 2026, compared to - $1,685 thousand in the prior year. </li></ul><h4>Net Income (Loss)</h4>Sweetgreen, Inc. reported net income of $125,809 thousand for the thirteen weeks ended March 29, 2026, a significant increase from a net loss of - $25,039 thousand in the prior year, primarily driven by the $160.6 million gain on disposal of business from the Spyce sale. <h4>Cash Flows</h4><ul><li>Net cash used in operating activities: - $17,163 thousand for the thirteen weeks ended March 29, 2026, compared to - $13,128 thousand in the prior year. </li><li>Net cash provided by (used in) investing activities: $85,214 thousand for the thirteen weeks ended March 29, 2026, an increase of $104.3 million from - $19,132 thousand in the prior year, mainly due to $100.0 million in cash consideration from the Spyce sale. </li><li>Net cash (used in) provided by financing activities: - $411 thousand for the thirteen weeks ended March 29, 2026, compared to $1,427 thousand in the prior year. </li><li>Cash and cash equivalents: As of March 29, 2026, cash and cash equivalents were $156,799 thousand, compared to $89,177 thousand as of December 28, 2025. </li></ul><h4>Outlook and Strategy</h4>Sweetgreen, Inc. expects approximately 13 Net New Restaurant Openings in fiscal year 2026, with about half featuring Infinite Kitchen units. The company anticipates elevated produce prices and incremental fuel surcharges will impact food, beverage, and packaging costs in the second quarter of fiscal year 2026. Capital expenditures are projected to decrease in 2026, and the company believes existing cash and cash equivalents will sufficiently fund operating lease obligations, capital expenditures, and working capital needs for at least the next 12 months.

Sweetgreen | 10-Q: FY2026 Q1 Revenue Misses Estimate at USD 161.52 M