NASDAQ$SG
SweetGreen · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Sweetgreen's financial performance improved in Q1 2022 with revenue growth and restaurant level margin expansion.
Sweetgreen, Inc. reported a 67% year-over-year increase in revenue for Q1 2022, reaching $102.6 million. The company's restaurant-level profit margins also expanded. Despite Omicron headwinds, AUVs recovered to $2.8 million. The company reaffirms its outlook for fiscal year 2022, anticipating at least 35 net new restaurant openings and revenue ranging from $515 million to $535 million.
- Total revenue increased by 67% year-over-year to $102.6 million.
- Same-store sales change was 35%, compared to (26)% in the prior year period.
- Restaurant-level profit was $13.3 million with a margin of 13%, up from $2.1 million and 3% in the prior year period.
- The company opened 8 net new restaurants during the quarter.
Headline financials
Revenue & EPS history
Sweetgreen · Revenue · Quarterly
$103M
Forward guidance
For fiscal year 2022, Sweetgreen anticipates at least 35 Net New Restaurant Openings, Revenue ranging from $515 million to $535 million, Same-Store Sales Change of between 20% and 26%, Restaurant-Level Profit Margin between 16% and 17%, and Adjusted EBITDA between $(40) million to $(33) million.
Tailwinds
- Anticipates at least 35 Net New Restaurant Openings
- Expects Revenue ranging from $515 million to $535 million
- Projects Same-Store Sales Change of between 20% and 26%
- Estimates Restaurant-Level Profit Margin between 16% and 17%
- Forecasts Adjusted EBITDA between $(40) million to $(33) million
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2022
+0.5%
Avg return
Earnings day
+0.1%
Avg return
5 days after
-0.7%
Avg return
30 days after
43%
9 / 21 earnings
Positive
+35.7%
Q1 2024
Best reaction
-22.2%
Q1 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.3% | -5.4% | +7.7% | |
| Q4 2025 | -9.8% | -9.9% | -23.5% | |
| Q3 2025 | -7.4% | -14.1% | +7.0% | |
| Q1 2025 | -16.0% | -14.0% | -22.7% | |
| Q4 2024 | +0.0% | -7.2% | +10.3% | |
| Q3 2024 | -4.7% | -9.0% | +1.0% | |
| Q2 2024 | +35.6% | +33.5% | +7.9% | |
| Q1 2024 | +35.7% | +37.5% | +39.0% | |
| Q4 2023 | +31.9% | +43.8% | +103.7% | |
| Q3 2023 | -6.8% | -5.6% | -4.6% | |
| Q2 2023 | -14.1% | -12.0% | -15.3% | |
| Q1 2023 | +16.7% | +16.4% | +27.5% | |
| Q4 2020 | -1.6% | -10.6% | -33.4% | |
| Q4 2022 | -1.6% | -10.6% | -33.4% | |
| Q3 2021 | -12.4% | -15.7% | -39.0% | |
| Q3 2022 | -20.2% | -13.4% | -36.3% | |
| Q2 2021 | +8.0% | +20.4% | +20.1% | |
| Q2 2022 | +3.5% | +12.6% | +10.6% | |
| Q1 2021 | -22.2% | -32.3% | -33.8% | |
| Q1 2022 | -15.5% | -27.2% | -38.6% | |
| Q4 2021 | +11.2% | +24.2% | +31.8% | |
| Q3 2020 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — | |
| Q4 2019 | — | — | — | |
| Q3 2019 | — | — | — | |
| Q2 2019 | — | — | — | |
| Q1 2019 | — | — | — | |
| Q4 2018 | — | — | — |
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