Sweetgreen, Inc (NYSE: SG) reported Q3 EPS of ($0.31), $0.16 worse than the analyst estimate of ($0.15). Revenue for the quarter came in at $172.4 million versus the consensus estimate of $179.36 million.

Fiscal Year 2025 Outlook (Updated)

• For fiscal year 2025, we are updating our guidance as follows:
• 37 Net New Restaurant Openings, with 18 featuring the Infinite Kitchen
• Revenue ranging from $682 million to $688 million
• Same-Store Sales Change of (8.5)% to (7.7)%
• Restaurant-Level Profit Margin of 14.5% to 15%
• Adjusted EBITDA between $(13) million to $(10) million
• For fiscal year 2026, we expect 15-20 Net New Restaurant Openings, with about half featuring Infinite Kitchen units.

For earnings history and earnings-related data on Sweetgreen, Inc (SG) click here.