“Labor and Related Expenses Fiscal Year Ended (dollar amounts in thousands) December 28, 2025 December 29, 2024 Percentage Change Labor and related expenses $ 196,571 $ 188,867 4.1 % As a percentage of total revenue 28.9% 27.9% 1.0 % As a percentage of revenue…”10-K · Feb 27, 2026 ↗
Sweetgreen, Inc.
SG
Market read
Sweetgreen, Inc.'s current read is isolated; its market group is not confirming.
No new filing conclusion is available. 0 of 18 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 4 directly disclosed connections are confirming.
- SG's market-adjusted activity becomes unusual and at least one connected name confirms.
Invalidation: The isolated read changes if SG's group or a disclosed connection begins moving with it.
Research brief
The story so far
No new filing conclusion is available. 0 of 18 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 4 directly disclosed connections are confirming.
No thresholded supportive filing evidence is available yet.
No thresholded adverse filing evidence is available yet.
- SG's market-adjusted activity becomes unusual and at least one connected name confirms.
Company research
Understand the business, not just the ticker
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
No qualifying supportive evidence was identified.
- Operating margin changed -6.4 percentage points in the latest annual period.
- Net margin changed -6.4 percentage points in the latest annual period.
- Diluted shares increased 3.2% in the latest annual period.
- Pricing and mix has repeated adverse evidence across 4 filings.
- EV/sales is 33% below the available filing-peer median; determine whether growth and quality justify the difference.
Price as of Sep 10, 2026
6.76Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
Persistent and emerging business drivers
“Impairment and Closure Costs Thirteen weeks ended (dollar amounts in thousands) March 29, 2026 March 30, 2025 Percentage Change Impairment and closure costs 636 94 576.6 % As a percentage of total revenue 0.4 % 0.1 % 0.3 % Impairment and closure costs on a do…”10-Q · May 8, 2026 ↗
“Restaurant Operating Costs Food, Beverage, and Packaging Fiscal Year Ended (dollar amounts in thousands) December 28, 2025 December 29, 2024 Percentage Change Food, beverage, and packaging $ 193,678 $ 185,367 4.5 % As a percentage of total revenue 28.5% 27.4%…”10-K · Feb 27, 2026 ↗
“Interest Income and Interest Expense 54 Table of Contents Fiscal Year Ended (dollar amounts in thousands) December 28, 2025 December 29, 2024 Percentage Change Interest income $ (6,548) $ (10,942) (40.2 %) Interest expense 19 256 (92.6 %) Total interest incom…”10-K · Feb 27, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 1.2× · EV/sales 1.0×. Comparisons use only industry-matched filing peers.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:10 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for SG. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for SG. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind SG
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
DASHDoorDash, Inc.partnerFeb 27, 2026 ▾
“If DoorDash or any future delivery partner fails to provide satisfactory service, including due to delivery delays, insufficient courier availability, or system outages, we may be unable to provide reliable delivery services through our application, which cou…”
CMGChipotle Mexican Grill, Inc.competitorFeb 27, 2026 ▾
“Certain competitors, including those with greater resources than we have, such as Chipotle, have also prioritized digital strategies and may be more successful in executing them.”
DASHDoorDash, Inc.competitorFeb 27, 2026 ▾
“We compete with delivery kitchens, food aggregators, and third-party delivery marketplaces such as DoorDash, Grubhub, and Uber Eats, as well as grocery stores that focus on freshly prepared or organic foods.”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 2 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
SG is currently a Follower in the organic co-movement group Digital Services & Software. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for SG; it is not active in the latest market snapshot.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.