The earnings call highlighted Sweetgreen's strategic expansions, successful launch of new menu items, and the introduction of a revamped loyalty program. However, these positives were tempered by declines in same-store sales, external challenges impacting performance, and operational issues in key markets. Additionally, the potential impact of tariffs poses a future cost challenge.

Company Guidance

During Sweetgreen's Q1 2025 earnings call, the company reported sales of $166.3 million with a same-store sales decline of 3.1%, aligning with the higher end of their guidance range. Despite several external challenges, including holiday timing shifts, LA wildfires, and adverse weather, Sweetgreen achieved a restaurant-level profit margin of 17.9% and slight adjusted EBITDA profitability, both exceeding their outlook. They opened five new restaurants and plan to sustain a 15% to 20% annual unit growth, aiming for 40 new openings in 2025, with 20 featuring the Infinite Kitchen format. The company highlighted strong performances from its Infinite Kitchen and sweetlane formats, contributing to operational efficiencies and higher margins. Sweetgreen's strategic pillars for 2025 include menu and tech innovation, strengthening guest connections, and expanding their footprint. Despite a soft start in April sales, attributed to a broader consumer slowdown, Sweetgreen remains confident in delivering long-term value, leveraging new menu items like Ripple Fries and a revamped loyalty program, SG Rewards, which saw a strong adoption with 20,000 new digital customers weekly. They anticipate fiscal year 2025 revenue between $740 million to $760 million, with a flat same-store sales growth and an adjusted EBITDA of approximately $30 million.

New Restaurant Openings and Expansion

Sweetgreen opened five new restaurants in new and legacy markets, with strong performance in new formats like Infinite Kitchens and sweetlane. Plans for 2025 include opening 40 new restaurants, including 20 with Infinite Kitchens.

Introduction of Ripple Fries

Ripple Fries launched nationwide, becoming the most attached side item and driving same-store sales improvement in March.

SG Rewards Program Launch

The new SG Rewards loyalty program launched in April, acquiring 20,000 new digital customers per week.

Infinite Kitchen and sweetlane Success

Infinite Kitchens and sweetlane locations showed strong results, with sweetlane in Schaumburg, Illinois, growing sales more than 20% year-over-year.

Sweetgreen (SG) Earnings, Revenues Date & History

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SG Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 05, 2025	2025 (Q3)	-0.15 / -	-0.18	―	―	―
Aug 07, 2025	2025 (Q2)	-0.10 / -0.15	-0.13	-16.15% (-0.02)	―
May 08, 2025	2025 (Q1)	-0.20 / -0.21	-0.23	8.70% (+0.02)	―
Feb 26, 2025	2024 (Q4)	-0.21 / -0.25	-0.24	-4.17% (-0.01)	―
Nov 07, 2024	2024 (Q3)	-0.13 / -0.18	-0.22	18.18% (+0.04)	―
Aug 08, 2024	2024 (Q2)	-0.09 / -0.13	-0.24	45.83% (+0.11)	―
May 09, 2024	2024 (Q1)	-0.18 / -0.23	-0.3	23.33% (+0.07)	―
Feb 29, 2024	2023 (Q4)	-0.23 / -0.24	-0.44	45.45% (+0.20)	―
Nov 02, 2023	2023 (Q3)	-0.21 / -0.22	-0.43	48.84% (+0.21)	―
Jul 27, 2023	2023 (Q2)	-0.18 / -0.24	-0.36	33.33% (+0.12)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

SG Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 07, 2025	$12.66	$9.74	-23.06%
May 08, 2025	$18.17	$15.23	-16.18%
Feb 26, 2025	$23.14	$23.15	+0.04%
Nov 07, 2024	$42.20	$39.69	-5.95%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.