Sweetgreen Posts -$8.09M Q1 Adjusted EBITDA, Guides for 13 New Openings in 2026
SG sits 56% above its 52-week low of $4.49 on elevated volume (2.2× avg).
Summary
Sweetgreen reported a Q1 adjusted EBITDA loss of -$8.09 million and provided forward guidance for approximately 13 net new restaurant openings in 2026, with roughly half featuring its Infinite Kitchen format. The company also set a full-year adjusted EBITDA guidance midpoint of $3.5 million and targets a restaurant-level margin of 14.2%-14.7%. This news follows the company's 8-K and 10-Q filings, which disclosed Q1 results including a net income driven by a one-time asset sale and a significant decline in same-store sales. This update offers more specific operational metrics and forward-looking guidance not fully detailed in the initial SEC filings, providing a clearer picture of ongoing performance and growth strategy. Investors will closely monitor the execution of new store openings and progress towards achieving the stated margin and EBITDA targets.
At the time of this announcement, SG was trading at $7.00 on NYSE in the Trade & Services sector, with a market capitalization of approximately $831.6M. The 52-week trading range was $4.49 to $18.63. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Wiseek News.