Sweetgreen reported Q3 2024 revenue of $173.4 million, up 13% year-over-year, driven by 31 net new restaurant openings and 6% same-store sales growth. Net loss narrowed to $20.8 million from $25.1 million in Q3 2023. Average Unit Volume remained stable at $2.9 million.Restaurant-level profit margin improved to 20% from 19% last year, despite higher food and labor costs. General and administrative expenses as a percentage of revenue decreased to 21% from 23%. The company ended the quarter with 236 locations across 22 states and Washington, D.C.For the first 39 weeks of 2024, revenue grew 20% to $515.9 million and net loss narrowed to $61.3 million from $86.0 million. Sweetgreen maintained its full-year 2024 outlook and plans to accelerate new restaurant growth in 2025, integrating its Infinite Kitchen technology into more new locations.

Sweetgreen reported Q3 2024 revenue of $173.4 million, up 13% year-over-year, driven by 31 net new restaurant openings and 6% same-store sales growth. Net loss narrowed to $20.8 million from $25.1 million in Q3 2023. Average Unit Volume remained stable at $2.9 million.Restaurant-level profit margin improved to 20% from 19% last year, despite higher food and labor costs. General and administrative expenses as a percentage of revenue decreased to 21% from 23%. The company ended the quarter with 236 locations across 22 states and Washington, D.C.For the first 39 weeks of 2024, revenue grew 20% to $515.9 million and net loss narrowed to $61.3 million from $86.0 million. Sweetgreen maintained its full-year 2024 outlook and plans to accelerate new restaurant growth in 2025, integrating its Infinite Kitchen technology into more new locations.