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Sweetgreen's Q3 revenue rises, beats estimates 

By Reuters News


Overview

  • U.S. fast-casual chain's fiscal Q3 revenue rose over 2%, beating analyst expectations

  • Adjusted EBITDA loss for fiscal Q3 beat consensus

  • Revenue growth driven by new restaurant openings, offset by lower comparable sales after food safety issue


Outlook

  • Sweetgreen updates 2026 outlook: about 10 Net New Restaurant Openings, half with Infinite Kitchen

  • Company expects 2026 Same-Store Sales Change of about (5.5)%

  • Sweetgreen sees 2026 Restaurant-Level Profit Margin at 11.0% to 11.5% and Adjusted EBITDA between $(23.0) mln to $(20.0) mln


Result Drivers

  • NEW RESTAURANT OPENINGS - Revenue growth was primarily due to incremental sales from 30 net new restaurant openings during or after Q3 2025

  • FOOD SAFETY ISSUE - Co said lower comparable sales reflected reduced consumer demand from cyclosporiasis outbreak

  • MENU MIX SHIFT - Co said decrease in product mix was due to shift towards wraps


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$176.02 mln

$169.42 mln (11 Analysts)

Q3 Adjusted EBITDA

Beat

-$6.76 mln

-$8.35 mln (11 Analysts)

Q3 EBIT

Miss

-$31.79 mln

-$31.36 mln (10 Analysts)

Q3 Loss Per Basic Share

$0.26


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 7 "hold" and 1 "sell" or "strong sell"

  • The average consensus recommendation for the restaurants & bars peer group is "buy"

  • Wall Street's median 12-month price target for Sweetgreen, Inc. is $10.00, about 15.3% below its November 4 closing price of $11.80


Reuters Recommended Reads

  • Nov 3 - Yum says Taco Bell rebounding after cyclosporiasis outbreak hit Q3 sales


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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