Sweetgreen, Inc. · NYSE:SG
Sweetgreen — Q2 2026 Earnings Presentation
12 slides from Sweetgreen's earnings presentation, Aug 6, 2026
Slide 1: Sweetgreen, Inc. Announces Second Quarter 2026 Financial Results
NEWS RELEASE Sweetgreen, Inc. Announces Second Quarter 2026 Financial Results 2026-08-06 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 nancial results f
Slide 2: Results for the second quarter ended June 28, 2026
(1) Purchases made in-store where a customer uses scan-to-redeem or scan-to-earn, as part of the SG Rewards loyalty program introduced during the second quarter of scal year 2025, are included as part of our Owned Digital Channels sales. (2) Restaurant-Level Pro t, Restaurant-Level Pro t Margin, Adj
Slide 3: Fiscal Year 2026 Outlook
Adjusted EBITDA, which excludes stock-based compensation expense and certain other adjustments, was $(0.2) million for the second quarter of scal year 2026, as compared to $6.4 million in the prior year period. This change was primarily due to the $9.9 million decrease in Restaurant-Level Pro t. Fis
Slide 4: Forward-Looking Statements
o erings; our expectations regarding future menu prices; our expectations regarding the impact of, and our ability to recover from, ongoing food safety concerns on consumer demand and our sales trends; our expectations regarding initiatives to improve ingredient usage and food costs; our expectation
Slide 5: Glossary
business of restrictions and costs imposed by privacy, data protection, and data security laws, regulations, and industry standards, and our ability to enforce our rights in our intellectual property. Additional information regarding these and other risks and uncertainties that could cause actual re
Slide 6: Non-GAAP Financial Measures
Digital transactions made through our In-Store Channel. Our Owned Digital Revenue Percentage is the percentage of our revenue attributed to purchases made through our Owned Digital Channels. Non-GAAP Financial Measures In addition to our consolidated nancial statements, which are presented in accord
Slide 7: About Sweetgreen
limitations as analytical tools, and you should not consider them in isolation or as substitutes for analysis of our results as reported under GAAP. In particular, Restaurant-Level Pro t and Adjusted EBITDA should not be viewed as substitutes for, or superior to, loss from operations or net income (
Slide 8: Condensed Consolidated Balance Sheets
Follow @Sweetgreen on Instagram, Facebook and X. SWEETGREEN, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands, except share and per share amounts) (unaudited) June 28, December 28, 2026 2025 ASSETS Current assets: Cash and cash equivalents $ 142,631 $ 89,177 Accounts receiva
Slide 9: Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)
Restaurant operating costs (exclusive of depreciation and amortization presented separately below): Food, beverage, and packaging 57,407 29.8% 51,444 27.7% Labor and related expenses 56,313 29.2% 51,044 27.5% Occupancy and related expenses 18,117 9.4% 16,438 8.9% Other restaurant operating costs 35,
Slide 10: Condensed Consolidated Statements of Cash Flows
SWEETGREEN, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands) (unaudited) Twenty-six weeks ended June 28, June 29, 2026 2025 Cash ows from operating activities: Net income (loss) $ 99,539 $ (48,197) Adjustments to reconcile net income (loss) to net cash used in ope
Slide 11: Reconciliation of GAAP to Non-GAAP Measures
(1)Eight restaurants were excluded from the Comparable Restaurant Base for the thirteen and twenty-six weeks ended June 28, 2026. One restaurant was excluded from the Comparable Restaurant Base for the thirteen and twenty-six weeks ended June 29, 2025. Such adjustments did not result in a material c
Slide 12: Adjusted EBITDA Reconciliation and Sweetgreen Contact
Legal settlements(7) — 75 12 243 Gain on disposal of business(8) — — (160,562) — Adjusted EBITDA $ (175) $ 6,415 $ (8,261) $ 6,699 Net income (loss) margin (13.6)% (12.5)% 28.1% (13.7)% Adjusted EBITDA Margin (0.1)% 3.5% (2.3)% 1.9% (1)Includes non-cash, stock-based compensation. (2)Loss on disposal