Sweetgreen Q2 revenue up 3.8% to $192.7 million; net loss widens, outlook updated
Sweetgreen reported second-quarter 2026 revenue up 3.8% to $192.7 million, but same-store sales fell 6.2%, the net loss widened to $26.3 million from $23.2 million, and restaurant-level profit margin dropped to 13.1% from 18.9%. The company updated its fiscal 2026 outlook, citing reduced consumer demand for fresh prepared foods after a multistate cyclosporiasis outbreak that began in mid-July. For shareholders, the results show profitability still under pressure and a weaker expected year.
Key points
- Revenue of $192.7 million rose 3.8%, but same-store sales fell 6.2%, with traffic down 2.0% and product mix down 4.2%.
- Net loss was $26.3 million, or $(0.22) per share, versus a net loss of $23.2 million a year earlier.
- Adjusted EBITDA was $(0.2) million, compared with $6.4 million in the prior-year quarter.
- For fiscal 2026, the company expects same-store sales of (8.0)% to (7.0)% and adjusted EBITDA of $(27.0) million to $(23.0) million.
The filing
Written by AI on Nov 9, 2026, 10:08 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 06, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.