Sweetgreen, Inc (SG) Misses Q1 EPS by 6c, Revenues Beat as Comps Rise 35%
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Sweetgreen, Inc. Announces First Quarter 2022 Financial Results
May 5, 2022 4:05 PM EDTLOS ANGELES--(BUSINESS WIRE)-- Sweetgreen, Inc. (NYSE: SG) (the Company), the mission-driven, next generation restaurant and lifestyle brand that serves healthy food at scale, today announced financial results for its first fiscal quarter ended March 27, 2022.
We are pleased to report that Q1 2022 revenue grew 67% year over year and restaurant level margins expanded, said Co-Founder and CEO Jonathan Neman. This performance underscores the strength of our team, the power of our brand, our unique supply chain, and our digital ecosystem. The strength of our 8 new restaurant openings continue to reinforce our confidence in the development... More
