Here's What Key Metrics Tell Us About Sweetgreen (SG) Q3 Earnings

Sweetgreen (SG) beat Wall Street on both the top and bottom line in Q3 2026, but same-store sales still shrank, leaving a mixed print for traders.

Revenue came in at $176.02 million, up 2.1% year over year and 4.41% above consensus. EPS improved to -$0.23 from -$0.27 a year earlier, beating estimates by 17.86%. The loss is narrowing, though SG remains unprofitable on a per-share basis.

The pressure point is traffic and spending at existing locations. Same-store sales fell 6.4%, a decline that still beat the estimated -9.6% by a wide margin. Interpretation: the market had braced for a deeper contraction, so the "less bad" result may carry more weight than the negative headline number. A 2.1% revenue gain alongside a 6.4% comp decline also suggests growth is being driven by the restaurant base expansion rather than stronger demand at mature stores.

SG ended the quarter with 290 restaurants after opening 3 new locations. That is a modest pace of unit additions in the quarter, and it means the revenue growth cushion from new openings is limited for now.