Sweetgreen, Inc. ( (SG) ) has released its Q3 earnings. Here is a breakdown of the information Sweetgreen, Inc. presented to its investors.
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Sweetgreen, Inc., a mission-driven restaurant and lifestyle brand, is known for serving healthy food at scale and operates within the fast-casual dining sector. The company, which emphasizes quality ingredients and innovative technology, has expanded to over 266 locations across the United States since its inception in 2007.
In its third-quarter earnings report for 2025, Sweetgreen, Inc. reported a slight decline in total revenue to $172.4 million, down 0.6% from the previous year. The company faced a significant Same-Store Sales Change decrease of 9.5%, attributed to reduced consumer spending and the transition from its former loyalty program to the new SG Rewards program. Despite these challenges, Sweetgreen opened six new restaurants during the quarter.
Key financial metrics showed a loss from operations of $36.3 million, with a margin of -21.0%, compared to a loss of $21.2 million in the previous year. The Restaurant-Level Profit Margin decreased to 13.1% from 20.1%, primarily due to increased ingredient costs and higher packaging expenses. The company’s digital revenue saw growth, with Total Digital Revenue Percentage rising to 61.8%.
Looking ahead, Sweetgreen plans to open 37 new restaurants in fiscal year 2025, with 18 featuring its advanced Infinite Kitchen technology. The company anticipates revenue between $682 million and $688 million, despite projecting a Same-Store Sales Change decline of up to 8.5%. Sweetgreen remains focused on operational excellence, menu innovation, and disciplined growth to achieve sustained profitability.