Sweetgreen, Inc. (SG)
NYSE:SG
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Earnings Data
Report Date
Aug 06, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.13Last Year’s EPS
-0.15Same Quarter Last Year
Based on 13 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Negative
The quarter showed clear operational and product positives (successful Wraps rollout, improving throughput and digital/loyalty momentum) and cost discipline in the support center, but these were outweighed by material top-line weakness, sharp margin compression and an adjusted EBITDA loss. Management highlighted improving trends into April and provided guidance that anticipates sequential recovery, but near-term financial results remain challenged and the GAAP net income improvement was driven by a one-time asset sale rather than core operations.Company Guidance
National Launch of Wraps with Strong Early Response
Wraps launched nationwide after a multi-month test across ~70 restaurants; test results showed incremental traffic, strong repeat behavior, lower-than-average guest complaints and ~85% positive social sentiment. Entry price points range from $10.45 to $14.95 and early marketing is one of the company's largest social campaigns to date.
Operational Improvements and Project One Best Way
Company reports improved restaurant execution as the quarter progressed — better peak throughput, improved ingredient availability and fewer quality complaints — driven by Project One Best Way and regional Impact Days/Area Leader Summits.
Menu Innovation Momentum
Chicken Sesame Crunch Bowl (launched in March) became the second-highest mixing salad and is now permanent; continued pipeline of core and seasonal innovations planned, including summer/fall updates and chef collaborations.
Digital and Loyalty Progress
SG Rewards and Craving of the Month are driving higher frequency and higher net average revenue per user among redeemers; scan-to-pay reached ~20% of in-store transactions and owned/digital channels showed sequential improvement.
Disciplined Cost Control in Support Center
G&A expense declined to $29.3 million, down $9.1 million year-over-year; underlying support center costs (ex-stock comp and one-time items) were $23.2 million, down $4.5 million year-over-year following 2025 headcount reductions.
Solid Balance Sheet and Controlled Unit Growth
Ended quarter with $156.8 million in cash and 285 restaurants (33 powered by Infinite Kitchen); opened 4 net new restaurants in the quarter and now expect ~13 net new restaurants for fiscal year 2026.
Guidance Reflects Path to Profitability
FY26 guidance reiterated for comps of -4% to -2%, with restaurant level margin expected 14.2%–14.7% and adjusted EBITDA of $1 million–$6 million, indicating management expects improvement and positive adjusted EBITDA for the year.
One-Time Gain Improved GAAP Net Income
Net income for the quarter was $125.8 million compared to a net loss of $25.0 million prior year, driven primarily by a one-time gain from the sale of Spyce (non-operational benefit to GAAP).
SG Earnings History
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 |
|---|---|---|---|
May 07, 2026 | $6.87 | $7.00 | +1.89% |
Feb 26, 2026 | $6.14 | $5.55 | -9.61% |
Nov 06, 2025 | $6.25 | $5.78 | -7.52% |
Aug 07, 2025 | $12.66 | $9.74 | -23.06% |
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.
FAQ
When does Sweetgreen, Inc. (SG) report earnings?
Sweetgreen, Inc. (SG) is schdueled to report earning on Aug 06, 2026, After Close (Confirmed).
What is Sweetgreen, Inc. (SG) earnings time?
Sweetgreen, Inc. (SG) earnings time is at Aug 06, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SG EPS forecast?
SG EPS forecast for the fiscal quarter 2026 (Q2) is -0.13.
