Sweetgreen Beats Q3 2026 Estimates as Revenue Rises 2.1% to $176.0M
Revenue of $176.0M vs. $170.1M expected and adjusted EPS of -$0.24 vs. -$0.26; revenue up 2.1% from a year earlier.
Sweetgreen (SG) beat estimates for the third quarter of 2026 on both revenue and adjusted EPS. Revenue was $176.0 million, up 2.1% from a year earlier, above the $170.1 million estimate, and adjusted EPS was -$0.24, up 12% from a year earlier, above the -$0.26 estimate.
Shares rose 3.1% in after-hours trading as of 4:41 p.m. ET, to $11.88 from a $11.52 close.
Q3 2026 scorecard
| Parameters | Expected | Actual | Beat/Miss |
|---|---|---|---|
| Adjusted EPS | -$0.26 | -$0.24 | Beat by 8.8% |
| Revenue | $170.1M | $176.0M | Beat by 3.5% |
| Change | YoY | QoQ |
|---|---|---|
| Adjusted EPS | ▲ 12% | ▼ 7.7% |
| Revenue | ▲ 2.1% | ▼ 8.6% |
By our calculation, revenue was $5.9 million above the estimate and adjusted EPS was $0.02 above it. The QoQ column compares with the previous quarter's revenue of $192.7 million and adjusted EPS of -$0.22. The YoY column compares with $172.4 million and -$0.27 in the same quarter a year earlier.
GAAP results
- GAAP EPS. GAAP diluted EPS was -$0.26, against -$0.31 a year earlier.
- Net loss. The company reported a net loss of $30.7 million on a GAAP basis, compared with a net loss of $36.1 million a year earlier.
Track record
- EPS record. Adjusted EPS beat the estimate in 1 of the last 8 reports, including this one.
- Revenue record. Revenue beat the estimate in 2 of the last 8 reports.
- Revenue trend. Revenue over the last 5 reports, oldest first: $172.4 million, $155.2 million, $161.5 million, $192.7 million and $176.0 million.
What to watch
- Next-quarter estimates. Consensus calls for EPS of -$0.25 and revenue of $162.7 million next quarter, based on 5 analysts.
- Revenue growth. Whether revenue keeps growing from a year earlier after this quarter's 2.1% increase to $176.0 million.
- Estimate record. Whether Sweetgreen returns to beating EPS estimates, which it did in 1 of its last 8 reports.
- Related coverage. See our reports on Grindr, Castle Biosciences, Vera Therapeutics and Helios.
Sources: Results are from Sweetgreen's Nov. 5, 2026 quarterly report. Estimates are consensus figures. The prior-quarter and year-ago comparison figures are from Sweetgreen's earlier quarterly reports. Items labeled by our calculation are our own arithmetic. This article is informational only and is not investment advice.
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