Sweetgreen Reports Improved Revenue and EBITDA for 2024

Published 1 hours agoSG

Sweetgreen Reports Improved Revenue and EBITDA for 2024

Sweetgreen, Inc. has shared its financial results for the fourth quarter and full fiscal year ending December 29, 2024. The fast-casual restaurant chain saw a 5% growth in total revenue for Q4, reaching $160.9 million, and an impressive 16% increase for the year, totaling $676.8 million, as detailed by GuruFocus. Notably, the company achieved its first full year of Adjusted EBITDA profitability, demonstrating a margin improvement of 3%.

The company also expanded its footprint significantly by opening 10 new restaurants in the fourth quarter, compared to just one during the same period last year. Same-store sales saw a 4% rise, a boost attributed to menu price increases. Meanwhile, Sweetgreen posted a net loss of $29.0 million in Q4, slightly worse than the $27.4 million loss in the previous year, according to Nasdaq.

Looking ahead to 2025, Sweetgreen projects its revenue to be between $760 million and $780 million, with same-store sales growth expected to range from 1% to 3%. Despite facing a challenging competitive landscape in fast-casual dining, Sweetgreen remains focused on expansion and increasing profitability as part of its strategic goals.

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