Sweetgreen Inc

For the period ended Dec 31, 2023. Filed Feb 29, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 29, 2024

SG$13.24-0.9%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Operations for the Fiscal Years Ended

(in thousands, except share and per share amounts)

	Fiscal Year Ended
	December 31, 2023	December 25, 2022	December 26, 2021
Revenue	$584,041	$470,105	$339,874
Restaurant operating costs (exclusive of depreciation and amortization presented separately below):
Food, beverage, and packaging	161,725	130,136	93,699
Labor and related expenses	171,306	147,474	110,368
Occupancy and related expenses	54,281	45,238	35,863
Other restaurant operating costs	94,809	77,971	59,539
Total restaurant operating costs	482,121	400,819	299,469
Operating expenses:
General and administrative	146,762	187,367	125,040
Depreciation and amortization	59,491	46,471	35,549
Pre-opening costs	9,263	11,523	9,193
Impairment and closure costs	624	2,542	4,915
Loss on disposal of property and equipment	687	278	107
Restructuring charges	7,437	14,442	—
Total operating expenses	224,264	262,623	174,804
Loss from operations	(122,344)	(193,337)	(134,399)
Interest income	(12,942)	(5,143)	(450)
Interest expense	128	83	87
Other expense	3,475	819	18,992
Net loss before income taxes	(113,005)	(189,096)	(153,028)
Income tax expense	379	1,345	147
Net loss	$(113,384)	$(190,441)	$(153,175)
Earnings per share:
Net loss per share, basic and diluted	$(1.01)	$(1.73)	$(5.51)
Weighted average shares used in computing net loss per share, basic and diluted	111,907,675	110,128,287	27,782,442

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.