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Sweetgreen SG Pre-opening costs

Pre-opening costs at other companies

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Other financials

Income statement

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Revenue$161.5M-2.9%
Gross profit$16.2M-45.4%
Operating income-$34.3M-20.4%
Net income$125.8M+602%
EPS (diluted)$1.05+600%

Balance sheet

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Cash & equivalents$161.0M-13.7%
Total debt$356.1M+8.1%
Total equity$488.9M+13.0%
Total assets$912.7M+9.4%

Cash flow

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Operating cash flow-$17.2M-30.7%
CapEx$12.4M-25.9%
Free cash flow-$29.6M+1.0%

Valuation

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Market cap$1.06B-26.3%
Enterprise value$1.25B-20.6%
P/E63×
P/S1.6×-0.5×

Profitability

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Gross margin13.3%-6.2pp
Operating margin-21.5%+22.8pp
Net margin2.5%+1.4pp
FCF margin-17.6%+929pp

Returns & leverage

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Return on equity3.6%+2.0pp
Debt / equity0.7×0.0×
Current ratio1.6×-0.4×

Where this comes from

Reported directly by Sweetgreen in its filing.

Tagged under the XBRL concept us-gaap:PreOpeningCosts.

The official record: Sweetgreen’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Sweetgreen's pre-opening costs?
Sweetgreen (SG) reported pre-opening costs of $1.11M in Q1 2026.
How has Sweetgreen's pre-opening costs changed year-over-year?
Sweetgreen's pre-opening costs decreased by 34.5% year-over-year, from $1.7M 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.