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Sweetgreen SG Pre-opening costs

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Other financials

Income statement

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Revenue$192.7M+3.8%
Gross profit$25.2M-28.3%
Operating income-$27.4M-3.7%
Net income-$26.3M-13.4%
EPS (diluted)-$0.22-10.0%

Balance sheet

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Cash & equivalents$148.8M-13.8%
Total debt$355.4M+4.9%
Total equity$467.6M+10.5%
Total assets$895.7M+7.7%

Cash flow

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Operating cash flow-$442.0K
CapEx$10.1M-57.1%
Free cash flow-$10.6M+19.6%

Valuation

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Market cap$641.67M-43.3%
Enterprise value$848.28M-34.7%
P/E46.9×
P/S0.9×-0.7×

Profitability

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Gross margin11.7%-6.9pp
Operating margin-21.4%+12.4pp
Net margin2%+1.1pp
FCF margin-17.1%+23.9pp

Returns & leverage

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Return on equity3.1%+1.6pp
Debt / equity0.8×0.0×
Current ratio1.4×-0.4×

Where this comes from

Reported directly by Sweetgreen in its filing.

Tagged under the XBRL concept us-gaap:PreOpeningCosts.

The source filing: Sweetgreen’s 10-Q, filed August 7, 2026.

Filed
Aug 6, 2026, 8:00 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-054522
Line itemThirteen weeks ended / June 28,2026Thirteen weeks ended / June 29,2025Twenty-six weeks ended / June 28,2026Twenty-six weeks ended / June 29,2025
Operating expenses:
General and administrative29,71334,50558,98072,842
Depreciation and amortization18,75717,99637,38635,102
Pre-opening costs1,1072,5342,2184,230
Impairment and closure costs2,1555,3362,7915,430
Loss on disposal of property and equipment33931738117
Restructuring charges5161,1461,0212,051
Total operating expenses52,58761,548103,134119,772

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Sweetgreen's pre-opening costs?
Sweetgreen (SG) reported pre-opening costs of $1.11M in Q2 2026.
How has Sweetgreen's pre-opening costs changed year-over-year?
Sweetgreen's pre-opening costs decreased by 56.3% year-over-year, from $2.53M to $1.11M.
What is the long-term trend for Sweetgreen's pre-opening costs?
Over 4 years (2021 to 2025), Sweetgreen's pre-opening costs has grown at a 4.1% compound annual growth rate (CAGR), from $9.19M to $10.79M.
What does pre-opening costs mean?
Pre-opening costs represent the expenses incurred by a restaurant or retail operator in the period leading up to the launch of a new location. These typically include lease payments, staff recruitment and training, and marketing expenditures required to prepare a site for commercial operations. Monitoring these costs provides insight into the company's expansion pace and the efficiency of its capital deployment strategy for new store growth.

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