Sweetgreen, Inc. reported a modest increase in revenue for the fiscal year ending December 28, 2025, totaling $679.5 million, up 0.4% from $676.8 million in the previous year. However, the company experienced a significant net loss of $134.1 million, compared to a loss of $90.4 million in fiscal year 2024, marking a 48.3% increase in losses. This deterioration in profitability was attributed to a combination of factors, including a 7.9% decline in same-store sales, primarily driven by a 10.4% decrease in customer traffic, which was partially offset by a 2.5% benefit from menu price increases.
In terms of operational developments, Sweetgreen opened 35 new restaurants in fiscal year 2025, compared to 25 in the previous year, bringing the total to 281 locations across 24 states and Washington, D.C. The company plans to reduce its pace of expansion, projecting approximately 15 new openings in fiscal year 2026. The introduction of the Infinite Kitchen technology, which automates food preparation, was implemented in 30 of its restaurants by the end of the fiscal year, with plans for further deployment in new locations.
The company’s digital channels continued to gain traction, with total digital revenue accounting for 61.8% of overall sales, up from 56.4% in the prior year. The Owned Digital Revenue Percentage also increased to 34.6%, reflecting the success of the SG Rewards loyalty program launched during the year. However, the shift towards digital channels, which typically carry higher costs due to third-party fees, has raised concerns about margin pressures.
Sweetgreen's financial outlook remains cautious, as the company anticipates continued challenges from macroeconomic conditions, including inflation and changing consumer behavior. The management has indicated that it will focus on cost discipline and capital allocation as part of its Sweet Growth Transformation Plan. The company also noted that it expects same-store sales to decline between 4.0% to 2.0% in fiscal year 2026, reflecting ongoing uncertainties in consumer spending patterns.
About Sweetgreen, Inc.
Sweetgreen, Inc. is a mission-driven restaurant and lifestyle brand specializing in healthy, plant-forward, and sustainably sourced food. Operating over 246 locations across the U.S., it offers customizable salads, bowls, and seasonal menus through dine-in, digital, delivery, and catering channels. The company emphasizes transparency, innovation, and community impact, leveraging proprietary technology and a strong supply chain to promote healthier communities and environmentally conscious eating.
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