Sweetgreen delivered robust Q2 2024 results with revenue increasing 21% to $184.6 million, driven by 9% same-store sales growth and 36 net new restaurant openings. Restaurant-Level Profit Margin improved 200 basis points to 22%, benefiting from sales growth, labor optimization, and reduced occupancy rates, despite higher protein costs and wage increases.Net loss narrowed to $14.5 million from $27.3 million year-over-year, while Adjusted EBITDA rose significantly to $12.4 million from $3.3 million. The company's digital revenue represented 56% of total sales, with owned digital channels accounting for 31%.Given the strong first-half performance, Sweetgreen raised its fiscal 2024 guidance, projecting revenue of $670-680 million, same-store sales growth of 5-7%, and Adjusted EBITDA of $16-19 million. The company plans to open 24-26 net new restaurants this year.

Sweetgreen delivered robust Q2 2024 results with revenue increasing 21% to $184.6 million, driven by 9% same-store sales growth and 36 net new restaurant openings. Restaurant-Level Profit Margin improved 200 basis points to 22%, benefiting from sales growth, labor optimization, and reduced occupancy rates, despite higher protein costs and wage increases.Net loss narrowed to $14.5 million from $27.3 million year-over-year, while Adjusted EBITDA rose significantly to $12.4 million from $3.3 million. The company's digital revenue represented 56% of total sales, with owned digital channels accounting for 31%.Given the strong first-half performance, Sweetgreen raised its fiscal 2024 guidance, projecting revenue of $670-680 million, same-store sales growth of 5-7%, and Adjusted EBITDA of $16-19 million. The company plans to open 24-26 net new restaurants this year.