Sweetgreen, Inc. reported a revenue of $166.3 million for the thirteen weeks ended March 30, 2025, marking a 5.4% increase from $157.9 million in the same period last year. The company experienced a net loss of $25.0 million, a slight improvement from a net loss of $26.1 million in the prior year. The increase in revenue was primarily driven by the addition of 30 new restaurant openings, although this was partially offset by a decline in same-store sales, which decreased by 3.1% due to a 6.5% drop in customer traffic.
In terms of operational metrics, Sweetgreen opened five new restaurants during the quarter, bringing its total to 251 locations across 22 states and Washington, D.C. The company also reported an average unit volume of $2.9 million, a marginal increase from $2.89 million in the previous year. The total digital revenue percentage rose to 59.9%, up from 58.9%, indicating a growing reliance on digital sales channels. However, the owned digital revenue percentage saw a slight decline to 31.9% from 32.8%.
The company’s restaurant operating costs increased to $136.6 million, up 5.6% from $129.3 million a year earlier. Labor and related expenses rose by 5.0% to $48.1 million, driven by new restaurant openings and wage increases. Other operating costs, including occupancy and related expenses, also saw increases, reflecting the expansion of the restaurant footprint. General and administrative expenses rose by 4.0% to $38.3 million, attributed to higher marketing investments and operational support costs.
Looking ahead, Sweetgreen plans to open at least 40 new restaurants in fiscal year 2025 and aims to incorporate additional Infinite Kitchen units into its operations. The company is also focused on mitigating the impact of inflation and supply chain challenges, particularly concerning packaging sourced from overseas. Despite the current macroeconomic pressures, Sweetgreen remains committed to its growth strategy and enhancing customer experience through innovation and expansion.
About Sweetgreen, Inc.
About 10-Q Filings
A 10-Q form is an important financial report that public companies in the United States must submit every three months. It gives a clear picture of a company's financial health and recent performance.
Key points about the 10-Q:
- Frequency: Companies file it three times a year, covering the first three quarters. The fourth quarter is covered in a more comprehensive annual report.
-
Content: It includes:
- Financial statements showing the company's current financial position
- Updates from management on the performance and projections of the business
- Information about potential risks the company faces
- Details on how the company is run internally
- Deadline: Must be filed within 40 or 45 days after the quarter ends, depending on the size of the company.
Our Methodology
AssetRoom is committed to providing timely summaries of news from public companies. We use AI to generate these summaries quickly, but they are not reviewed by human experts.
Our method:
- Data Collection: We continuously monitor for new filings (currently limited to US-listed stocks).
- AI-Powered Analysis: Our advanced AI system processes each filing, identifying key information and extracting relevant data.
- Summary Generation: The AI creates a concise, easy-to-understand summary of the filing, highlighting the most important points.
- Publication: The summary is immediately published on our platform, allowing users instant access to the latest information.
- Email users: We distribute round-up emails according to our users preferences, keeping them in the loop with the companies they follow.
Feedback & Corrections
Spot an error or have a suggestion? Contact us.