Sweetgreen
Sells salads, bowls, wraps, catering, and workplace meals through company-owned U.S. restaurants.
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Profile
Operates company-owned U.S. restaurants selling salads, bowls, wraps, drinks, catering, and Outpost workplace meals. Revenue comes from one domestic food-and-beverage stream, with digital ordering and delivery central to how customers reach the brand.
Runs a company-owned fast-casual restaurant system in the United States, with a menu centered on Protein Plates, bowls, wraps, salads, sides, desserts, and beverages. Catering and Outpost add office and group-order occasions around the same food platform.
Digital ordering, delivery, and site selection tie the model to workplace and residential demand rather than franchise or international licensing. The brand identity emphasizes real food, scratch preparation, seasonal ingredients, and supplier relationships.
After selling Spyce, future Infinite Kitchen use depends on a long-term supply and services agreement with Wonder, while the public company still reports a single U.S. restaurant revenue stream.
Company facts
Categories
Key statistics
Year to date +0.6% · Average volume (30d) 6.1M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 10, 2026 | DA Davidson | Reiterate | Neutral | $7 | $5.50 | |
| Aug 7, 2026 | RBC Capital | Reiterate | Outperform | $8 | $6.50 | |
| May 22, 2026 | JP Morgan | Upgrade | Neutral | Overweight | ||
| May 11, 2026 | DA Davidson | Reiterate | Neutral | $7 | ||
| May 8, 2026 | UBS | Reiterate | Neutral | $6.50 | $7 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q2 FY26 | −$0.13 | −$0.22 | −69.7% | $194.5M | $192.7M | −0.9% | −8.01% |
| May 7, 2026Q1 FY26 | −$0.23 | −$0.27 | −17.4% | $163.9M | $161.5M | −1.5% | +1.89% |
| Feb 26, 2026Q4 FY25 | −$0.31 | −$0.42 | −35.5% | $158.8M | $155.2M | −2.3% | −9.61% |
| Nov 6, 2025Q3 FY25 | −$0.18 | −$0.27 | −50.0% | $159.6M | $172.4M | +8.0% | −7.52% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $166.3M | $185.6M | $172.4M | $155.2M | $161.5M | $192.7M | |
| Gross profit | $29.7M | $35.1M | $22.5M | $16.2M | −$2.4M | $25.2M | |
| Operating income | −$28.5M | −$26.4M | −$26.7M | −$41.6M | −$31.7M | −$27.4M | |
| Net income | −$25.0M | −$23.2M | −$36.1M | −$49.7M | $125.8M | −$26.3M | |
| Diluted EPS | −$0.21 | −$0.20 | −$0.31 | −$0.42 | $1.05 | −$0.22 | |
| Gross margin | 17.9% | 18.9% | 13.1% | 10.4% | -1.5% | 13.1% | |
| Operating margin | -17.2% | -14.2% | -15.5% | -26.8% | -19.6% | -14.2% |
Fiscal years (4-quarter sums)FY21 $339.9M · FY22 $470.1M · FY23 $584.0M · FY24 $676.8M · FY25 $679.5M
Revenue by product · Q2 FY26
Balance sheet, Jun 28, 2026Cash & short-term investments $142.6M · Total debt $355.4M · Total assets $895.7M · Shareholders' equity $467.6M
Dividends
No dividends on record.
Ownership
Shares outstanding 118.83M · Float 103.12M · 86.8% free float
A Form 4 total here can count shares the filer formally disclaims — an award voted by proxy, for instance — which the holder's own Schedule 13D/G excludes, so where the two disagree the schedule's smaller figure is used.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Baillie Gifford & Co | 10.16M | 8.55% | 13F | Aug 6, 2026 |
| BlackRock, Inc. | 8.32M | 7.01% | 13F | Aug 7, 2026 |
| Jonathan Neman · director, officer: CHIEF EXECUTIVE OFFICER | 5.54M | 4.66% | Form 4 | Nov 12, 2025 |
| Woodson Capital Management, LP | 5.30M | 4.46% | 13F | Aug 14, 2026 |
| Nathaniel Ru · director | 5.08M | 4.27% | Form 4 | Jun 15, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 18, 2026 | Jamie McConnell | officer: Chief Financial Officer | −2,802 | $8.00 |
| Aug 17, 2026 | Jamie McConnell | officer: Chief Financial Officer | −15,033 | $6.21 |
| Aug 17, 2026 | Jason Miles Cochran | officer: Chief Operating Officer | −4,809 | $6.21 |
| May 18, 2026 | Jason Miles Cochran | officer: Chief Operating Officer | −30,076 | $7.99 |
| Apr 7, 2026 | Goldman Sachs Group Inc | 10 percent owner | +593,652 | $5.69 |
Peers
- CAVA
Health-forward bowls, pitas, catering, and fast-casual expansion
- Chipotle Mexican Grill
Scaled fast-casual bowls, salads, digital ordering, and catering
- McDonald's
Global QSR scale pressures value, convenience, digital, and delivery
- DoorDash
Marketplace channel competes for delivery demand and customer data
- Starbucks
High-traffic cafes compete for mobile-order meals and workday visits
- Uber
Uber Eats overlaps in restaurant delivery, pickup, and merchant tools
- Shake Shack
Premium fast casual overlaps in real estate, delivery, and digital
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Sweetgreen | $7.08 | +1.51% | $828.2M | 69.7 | — | 1.2 | +3.8% |
| CAVA | $66.76 | −0.26% | $7.80B | 121.3 | 110.1 | 5.7 | +31.3% |
| Chipotle Mexican Grill | $38.00 | −0.08% | $48.78B | 34.9 | 30.0 | 3.9 | +9.3% |
| McDonald's | $265.11 | +0.04% | $188.28B | 21.5 | 20.0 | 6.8 | +3.7% |
| DoorDash | $236.80 | +0.06% | $103.15B | 123.9 | 67.9 | 6.5 | +35.6% |
| Starbucks | $108.15 | +0.30% | $122.95B | 62.0 | 36.0 | 3.2 | −1.4% |
| Uber | $78.78 | −0.01% | $160.45B | 17.3 | 20.4 | 2.9 | +12.2% |
| Shake Shack | $69.75 | −0.23% | $2.82B | 74.1 | 56.4 | 1.8 | +17.2% |
| Median | 62.0 | 36.0 | 3.9 | +12.2% |