Sweetgreen Reports Q3 2026 Financial Results with Revenue Growth Amidst Declining Same-Store Sales
Sweetgreen (SG) reported third-quarter revenue of $176.0 million, a 2.1% increase year-over-year driven by new restaurant openings. However, the company faced significant headwinds in comparable sales, which declined by 6.4%. This decline was attributed to a 4.9% drop in customer traffic and a shift in product mix toward lower-priced items like wraps. Despite the revenue growth, the company reported a net loss of $30.7 million ($0.26 per share). While general and administrative expenses decreased due to lower stock-based compensation, restaurant-level profit margins fell to 10.4% because of wage inflation and sales deleverage. Management noted that summer sales disruptions significantly impacted traffic but highlighted momentum in October with approximately 5% comparable sales growth.
Tickers: $SG
Topics: digital revenue net loss profit margin revenue same-store sales