Sweetgreen, Inc. (SG) Q2 2025 Earnings Call

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WEBVTT 00:00:01.960 -- 00:00:06.920 I'd like to remind everyone that the information under the heading, Forward-Looking Statements, 00:00:06.920 -- 00:00:11.180 included in our earnings release, also applies to our comments made during the call. 00:00:11.180 -- 00:00:14.840 These forward-looking statements are based on information as of today, and we assume 00:00:14.840 -- 00:00:19.180 no obligation to publicly update or revise our forward-looking statements. 00:00:19.180 -- 00:00:23.460 We also direct you to our earnings release for additional information regarding our use 00:00:23.460 -- 00:00:28.540 of non-GAP financial measures, including reconciliations of non-GAP financial measures 00:00:28.540 -- 00:00:32.200 mentioned on the call with their corresponding GAP measures. 00:00:32.200 -- 00:00:35.380 Our earnings release can be found on our investor website. 00:00:35.380 -- 00:00:39.340 And now, I'll turn the call over to Jonathan to kick things off. 00:00:39.340 -- 00:00:43.900 Thank you, Rebecca, and good afternoon. For the past 18 years, we have been building 00:00:43.900 -- 00:00:48.760 a generational brand, one that reimagines fast food to be healthy, craveable, and rooted 00:00:48.760 -- 00:00:54.060 in the highest standards of sourcing. The brand resonates broadly across geographies, 00:00:54.060 -- 00:00:59.200 demographics, and day parts, reinforcing our significant white space ahead and our 00:00:59.200 -- 00:01:05.000 long-term potential. For the second quarter, we reported sales of $185.6 00:01:05.000 -- 00:01:09.440 million and a same-store sales decline of 7.6%. 00:01:09.440 -- 00:01:12.980 Restaurant level margin for the quarter was 18.9%, 00:01:12.980 -- 00:01:17.480 and we posted an adjusted EBITDA of $6.4 million. 00:01:17.480 -- 00:01:21.780 Le...