Sweetgreen Reports Q1 2026 Earnings with Revenue Decline and Adjusted Loss
Sweetgreen (SG) reported a revenue decline in the first quarter of 2026, falling to $161.5 million from $166.3 million year-over-year. The company experienced a drop in comparable sales due to lower traffic and mix shifts, while restaurant level margin fell significantly to 10%. Adjusted EBITDA turned negative at -$8.1 million compared to a prior-year gain.
Tickers: $SG
Topics: adjusted_ebitda comparable_sales net_income new_restaurants restaurant_level_margin revenue