Sweetgreen Q4 revenue falls 3.5% on lower same-store sales

SWEETGREEN

26/02/2026 21:27

Overview

Restaurant and lifestyle brand's Q4 revenue fell 3.5% yr/yr due to lower same-store sales

Fiscal 2025 revenue slightly missed analyst expectations

Company's adjusted EBITDA for fiscal 2025 missed analyst estimates

Outlook

Sweetgreen anticipates 15 new restaurant openings in 2026, half with Infinite Kitchen

Company expects same-store sales change between (4.0)% to (2.0)% in 2026

Sweetgreen projects adjusted EBITDA between $1.0 mln to $6.0 mln for 2026

Result Drivers

SAME-STORE SALES DECLINE - Q4 revenue decreased 3.5% due to an 11.5% drop in same-store sales, driven by a 13.3% decrease in traffic and mix, partially offset by menu price increases

COST INCREASES - Higher ingredient usage, waste, and increased advertising and packaging costs reduced restaurant-level profit margins

Company press release: ID:nBwQxdHBa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
Slight Miss*
$679.50 mln
$683.24 mln (14 Analysts)
FY Adjusted EBITDA
Miss
-$11 mln
-$10.76 mln (13 Analysts)
FY EBIT
Miss
-$139.30 mln
-$125.26 mln (11 Analysts)
FY Basic EPS
-$1.14


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 9 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the restaurants & bars peer group is "buy."

Wall Street's median 12-month price target for Sweetgreen Inc is $7.00, about 19.5% above its February 25 closing price of $5.86

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)