Earnings ·
Sweetgreen reports Q3 revenue of $176.0M with same-store sales down 6.4%
SGSweetgreen, Inc.
Sweetgreen reported third-quarter fiscal 2026 total revenue of $176.0 million, a 2.1% increase from the prior year period, driven by incremental revenue from new restaurant openings. Same-store sales declined 6.4%, reflecting reduced consumer demand due to a cyclosporiasis outbreak and a shift in menu mix toward wraps. The company posted a net loss of $30.7 million, an improvement from the $36.1 million loss in the prior year, as general and administrative expenses decreased by $2.5 million primarily due to lower stock-based compensation. Restaurant-level profit margin contracted to 10.4% from 13.1%, impacted by sales deleverage and higher labor costs. Sweetgreen operates a fast-casual restaurant chain focused on fresh, farm-sourced food.