Sweetgreen Inc (NYSE:SG)
$ 6.79 +0.14 (+2.11%) Market Cap: 806.84 Mil Enterprise Value: 1.01 Bil PE Ratio: 56.58 PB Ratio: 1.65 GF Score: 65/100

Q2 2025 Sweetgreen Inc Earnings Call Transcript

Aug 7, 2025 / 09:00 PM GMT
Release Date Price: $12.66 (+2.76%)

Key Points

Positve
  • Sweetgreen Inc (SG) reported total revenue of $185.6 million for Q2 2025, showing a slight increase from $184.6 million in the same quarter of 2024.
  • The company opened 9 new restaurants, including 4 Infinite Kitchens, ending the quarter with 260 locations, indicating ongoing expansion.
  • Sweetgreen Inc (SG) has seen improvements in guest satisfaction, particularly with a 30% increase in positive feedback related to new protein portion sizes.
  • The Infinite Kitchen model is delivering significant labor savings and higher customer satisfaction, with better accuracy and faster throughput.
  • The company is actively reinvesting in key markets like New York City, with strategic relocations and new openings to optimize its footprint and capture demand.
Negative
  • Same store sales declined by 7.6% in Q2 2025, reflecting a challenging consumer environment and internal transitions.
  • Restaurant level profit margin decreased to 18.9% from 22.5% a year ago, primarily due to sales de-leverage and tariff impacts.
  • Net loss for the quarter was $23.2 million, compared to a loss of $14.5 million in the prior year period, driven by decreased restaurant level profit and impairment charges.
  • The transition to the new SG Rewards loyalty program created a 250 basis point headwind to same store sales, impacting revenue.
  • Labor-related expenses increased to 27.5% of revenue, attributed to wage rate increases and sales volume changes, despite improvements in labor optimization.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

SG.N - Sweetgreen Inc
Q2 2025 Sweetgreen Inc Earnings Call
Aug 07, 2025 / 09:00PM GMT

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Presentation
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Unidentified_1 [1]
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Hello, and thank you for standing by. My name is Lacey and I will be your conference operator today. At this time, I would like to welcome everyone to the Sweet Green Ik 2nd quarter 2025 earnings call.

All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star, followed by the number one on your telephone keypad. If you would like to withdraw your question, press one again. Please limit yourself to one question.

Thank you. I would now like to turn the conference over to Rebecca Nunu. You may begin.

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