Sweetgreen Inc
For the period ended Dec 29, 2024. Filed Feb 27, 2025.
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FY2024 · Filed Feb 27, 2025
SG$13.24-0.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations for the Fiscal Years Ended
CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except share and per share amounts)
| Fiscal Year Ended | |||
|---|---|---|---|
| December 29, 2024 | December 31, 2023 | December 25, 2022 | |
| Revenue | $676,826 | $584,041 | $470,105 |
| Restaurant operating costs (exclusive of depreciation and amortization presented separately below): | |||
| Food, beverage, and packaging | 185,367 | 161,725 | 130,136 |
| Labor and related expenses | 188,867 | 171,306 | 147,474 |
| Occupancy and related expenses | 59,536 | 54,281 | 45,238 |
| Other restaurant operating costs | 110,107 | 94,809 | 77,971 |
| Total restaurant operating costs | 543,877 | 482,121 | 400,819 |
| Operating expenses: | |||
| General and administrative | 149,942 | 146,762 | 187,367 |
| Depreciation and amortization | 67,346 | 59,491 | 46,471 |
| Pre-opening costs | 6,616 | 9,263 | 11,523 |
| Impairment and closure costs | 2,218 | 624 | 2,542 |
| Loss on disposal of property and equipment | 255 | 687 | 278 |
| Restructuring charges | 2,276 | 7,437 | 14,442 |
| Total operating expenses | 228,653 | 224,264 | 262,623 |
| Loss from operations | (95,704) | (122,344) | (193,337) |
| Interest income | (10,942) | (12,942) | (5,143) |
| Interest expense | 256 | 128 | 83 |
| Other expense | 6,656 | 3,475 | 819 |
| Net loss before income taxes | (91,674) | (113,005) | (189,096) |
| Income tax (benefit) expense | (1,301) | 379 | 1,345 |
| Net loss | $(90,373) | $(113,384) | $(190,441) |
| Earnings per share: | |||
| Net loss per share, basic and diluted | $(0.79) | $(1.01) | $(1.73) |
| Weighted average shares used in computing net loss per share, basic and diluted | 114,321,672 | 111,907,675 | 110,128,287 |
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