Sweetgreen, Inc (SG) Tops Q1 EPS by 8c

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Go back to Sweetgreen, Inc (SG) Tops Q1 EPS by 8c

Sweetgreen, Inc. Announces First Quarter 2023 Financial Results

May 4, 2023 4:05 PM EDT

LOS ANGELES--(BUSINESS WIRE)-- Sweetgreen, Inc. (NYSE: SG) (the Company), the mission-driven, next generation restaurant and lifestyle brand that serves healthy food at scale, today announced financial results for its first fiscal quarter ended March 26, 2023.

I am pleased with our first quarter results. We delivered strong top line sales while reducing losses in the first quarter, which was supported by positive traffic growth. As we continue to gain sales momentum, we see profitability within reach, said Jonathan Neman, Co-Founder and Chief Executive Officer. We have a number of exciting catalysts in the second quarter, including... More