Sweetgreen (SG) 10-Q 10 Aug 22 2022 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 26, 2022	Aug. 02, 2022
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 26, 2022
Document Transition Report	false
Entity File Number	001-41069
Entity Registrant Name	SWEETGREEN, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	27-1159215
Entity Address, Address Line One	3102 36th Street
Entity Address, City or Town	Los Angeles,
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	90018
City Area Code	323
Local Phone Number	990-7040
Title of 12(b) Security	Class A Common Stock
Trading Symbol	SG
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Central Index Key	0001477815
Amendment Flag	false
Current Fiscal Year End Date	--12-25
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Class A common stock
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		96,678,731
Class B common stock
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		13,477,303

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Jun. 26, 2022	Dec. 26, 2021
Current assets:
Cash and cash equivalents	$ 406,976	$ 471,971
Accounts receivable	3,513	2,644
Inventory	1,114	903
Prepaid expenses	11,531	13,763
Tenant improvement receivable	16,467	16,695
Current portion of lease acquisition costs	608	525
Other current assets	3,480	155
Total current assets	443,689	506,656
Property and equipment, net	209,485	180,666
Goodwill	35,970	35,970
Intangible assets, net	31,363	32,868
Lease acquisition costs, net	5,137	4,391
Security deposits	1,608	1,770
Restricted cash	219	328
Total assets	727,471	762,649
Current liabilities:
Accounts payable	14,353	11,197
Accrued expenses	15,432	16,338
Accrued payroll	11,436	12,093
Gift cards and loyalty liability	1,640	1,839
Current portion of deferred rent liability	7,668	6,061
Total current liabilities	50,529	47,528
Deferred rent liability, net of current portion	45,428	38,402
Accrued payroll, net of current portion	0	2,500
Contingent consideration liability	18,625	20,477
Other non-current liabilities	542	500
Deferred income tax liabilities	164	125
Total liabilities	115,288	109,532
COMMITMENTS AND CONTINGENCIES (Note 14)
Stockholders’ equity:
Common stock, $0.001 par value per share, 2,000,000,000 Class A shares authorized, 96,486,054 and 95,868,394 Class A shares issued and outstanding as of June 26, 2022 and December 26, 2021, respectively; 300,000,000 Class B shares authorized, 13,477,303 and 13,477,303 Class B shares issued and outstanding as of June 26, 2022 and December 26, 2021, respectively	110	109
Additional paid-in capital	1,177,522	1,129,224
Accumulated deficit	(565,449)	(476,216)
Total stockholders’ equity	612,183	653,117
Total liabilities and stockholders’ equity	$ 727,471	$ 762,649

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) - $ / shares	Jun. 26, 2022	Dec. 26, 2021
Common Class A
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	2,000,000,000	2,000,000,000
Common stock, shares issued (in shares)	96,486,054	95,868,394
Common stock, shares outstanding (in shares)	96,486,054	95,868,394
Common Class B
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	300,000,000	300,000,000
Common stock, shares issued (in shares)	13,477,303	13,477,303
Common stock, shares outstanding (in shares)	13,477,303	13,477,303

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 26, 2022	Jun. 27, 2021	Jun. 26, 2022	Jun. 27, 2021
Revenue	$ 124,918,000	$ 86,212,000	$ 227,509,000	$ 147,604,000
Restaurant operating costs (exclusive of depreciation and amortization presented separately below):
Total restaurant operating costs	101,870,000	73,377,000	191,162,000	132,666,000
Operating expenses:
General and administrative	51,262,000	26,081,000	100,934,000	49,462,000
Depreciation and amortization	11,305,000	8,408,000	21,982,000	16,255,000
Pre-opening costs	2,520,000	2,506,000	5,032,000	3,468,000
Closed-store costs			152,000	0
Loss on disposal of property and equipment	11,000	5,000	19,000	56,000
Total operating expenses	65,250,000	37,000,000	128,119,000	69,241,000
Loss from operations	(42,202,000)	(24,165,000)	(91,772,000)	(54,303,000)
Interest income	(593,000)	(109,000)	(761,000)	(221,000)
Interest expense	22,000	23,000	45,000	42,000
Other (income) expense	(1,618,000)	2,804,000	(1,863,000)	2,804,000
Net loss before income taxes	(40,013,000)	(26,883,000)	(89,193,000)	(56,928,000)
Income tax expense	20,000	0	40,000	0
Net loss	$ (40,033,000)	$ (26,883,000)	$ (89,233,000)	$ (56,928,000)
Earnings per share:
Net loss per share basic (in dollars per share)	$ (0.36)	$ (1.55)	$ (0.81)	$ (3.32)
Net loss per share diluted (in dollars per share)	$ (0.36)	$ (1.55)	$ (0.81)	$ (3.32)
Weighted average shares used in computing net loss per share basic (in shares)	109,679,467	17,359,717	109,575,841	17,162,245
Weighted average shares used in computing net loss per share diluted (in shares)	109,679,467	17,359,717	109,575,841	17,162,245
Food, beverage, and packaging
Restaurant operating costs (exclusive of depreciation and amortization presented separately below):
Total restaurant operating costs	$ 33,897,000	$ 23,156,000	$ 61,003,000	$ 40,424,000
Labor and related expenses
Restaurant operating costs (exclusive of depreciation and amortization presented separately below):
Total restaurant operating costs	37,013,000	26,735,000	71,315,000	49,027,000
Occupancy and related expenses
Restaurant operating costs (exclusive of depreciation and amortization presented separately below):
Total restaurant operating costs	15,826,000	11,817,000	30,626,000	21,865,000
Other restaurant operating costs
Restaurant operating costs (exclusive of depreciation and amortization presented separately below):
Total restaurant operating costs	$ 15,134,000	$ 11,669,000	$ 28,218,000	$ 21,350,000

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF PREFERRED STOCK AND STOCKHOLDERS’ (DEFICIT) EQUITY (UNAUDITED) - USD ($) $ in Thousands	Total	Preferred Stock	Common Stock	Additional Paid-in Capital	Loans to Related Parties	Accumulated Deficit
Beginning balance (in shares) at Dec. 27, 2020		62,562,051	16,731,625
Beginning balance at Dec. 27, 2020	$ (307,362)	$ 505,638	$ 17	$ 19,662	$ (4,000)	$ (323,041)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	$ (56,928)					(56,928)
Exercise of stock options (in shares)	904,159		904,159
Exercise of stock options	$ 3,763		$ 1	3,762
Stock-based compensation expense	3,099			3,099
Issuance of preferred stock (net of issuance costs) (in shares)		6,669,146
Issuance of preferred stock (net of issuance costs)	0	$ 108,858
Ending balance (in shares) at Jun. 27, 2021		69,231,197	17,635,784
Ending balance at Jun. 27, 2021	(357,428)	$ 614,496	$ 18	26,523	(4,000)	(379,969)
Beginning balance (in shares) at Mar. 28, 2021		69,231,197	17,293,090
Beginning balance at Mar. 28, 2021	(333,662)	$ 614,496	$ 18	23,406	(4,000)	(353,086)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(26,883)					(26,883)
Exercise of stock options (in shares)			342,694
Exercise of stock options	1,240			1,240
Stock-based compensation expense	1,877			1,877
Ending balance (in shares) at Jun. 27, 2021		69,231,197	17,635,784
Ending balance at Jun. 27, 2021	(357,428)	$ 614,496	$ 18	26,523	(4,000)	(379,969)
Beginning balance (in shares) at Dec. 26, 2021		0	109,345,697
Beginning balance at Dec. 26, 2021	653,117	$ 0	$ 109	1,129,224	0	(476,216)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	$ (89,233)					(89,233)
Exercise of stock options (in shares)	560,610		560,610
Exercise of stock options	$ 2,927		$ 1	2,926
Issuance of common stock related to restricted shares (in shares)			57,050
Stock-based compensation expense	45,372			45,372
Ending balance (in shares) at Jun. 26, 2022		0	109,963,357
Ending balance at Jun. 26, 2022	612,183	$ 0	$ 110	1,177,522	0	(565,449)
Beginning balance (in shares) at Mar. 27, 2022		0	109,511,355
Beginning balance at Mar. 27, 2022	626,931	$ 0	$ 110	1,152,237	0	(525,416)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net loss	(40,033)					(40,033)
Exercise of stock options (in shares)			407,452
Exercise of stock options	2,078			2,078
Issuance of common stock related to restricted shares (in shares)			44,550
Stock-based compensation expense	23,207			23,207
Ending balance (in shares) at Jun. 26, 2022		0	109,963,357
Ending balance at Jun. 26, 2022	$ 612,183	$ 0	$ 110	$ 1,177,522	$ 0	$ (565,449)

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF PREFERRED STOCK AND STOCKHOLDERS’ (DEFICIT) EQUITY (UNAUDITED) (Parenthetical) $ in Thousands	6 Months Ended
	Jun. 27, 2021 USD ($)
Statement of Stockholders' Equity [Abstract]
Issuance costs	$ 226

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	6 Months Ended
	Jun. 26, 2022	Jun. 27, 2021
Cash flows from operating activities:
Net loss	$ (89,233)	$ (56,928)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	21,982	16,255
Amortization of lease acquisition	259	190
Amortization of loan origination fees	90	46
Loss on fixed asset disposal	19	56
Stock-based compensation	45,372	3,099
Closed-store costs	152	0
Deferred income tax expense	39	0
Change in fair value of contingent consideration liability	(1,852)	0
Change in fair value of preferred stock warrant liability	0	2,804
Changes in operating assets and liabilities:
Accounts receivable	(869)	(1,360)
Tenant improvement receivables	228	(7,627)
Inventory	(211)	(142)
Prepaid expenses and other current assets	(1,183)	(3,186)
Accounts payable	3,030	2,562
Accrued payroll and benefits	(3,157)	4,350
Accrued expenses	(906)	1,880
Gift card and loyalty liability	(199)	(1,037)
Other non-current liabilities	(110)	0
Deferred rent liability	8,633	11,456
Net cash used in operating activities	(17,916)	(27,582)
Cash flows from investing activities:
Purchase of property and equipment	(46,626)	(37,919)
Purchase of intangible assets	(2,563)	(3,144)
Security and landlord deposits	162	252
Lease acquisition costs	(1,088)	(612)
Net cash used in investing activities	(50,115)	(41,423)
Cash flows from financing activities:
Proceeds from preferred stock issuance, net of issuance costs	0	113,811
Proceeds from stock option exercise	2,927	3,763
Deferred offering costs paid	0	(1,648)
Net cash provided by financing activities	2,927	115,926
Net (decrease) increase in cash and cash equivalents and restricted cash	(65,104)	46,921
Cash and cash equivalents and restricted cash—beginning of year	472,299	102,765
Cash and cash equivalents and restricted cash—end of period	407,195	149,686
Supplemental disclosure of cash flow information
Cash paid for interest	0	42
Purchase of property and equipment accrued in accounts payable and accrued expenses	2,515	1,885
Non-cash investing and financing activities
Deferred offering costs not yet paid	0	812
Initial liability associated with Series J warrants	$ 0	$ 4,953

DESCRIPTION OF BUSINESS AND SUM

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 26, 2022
Accounting Policies [Abstract]
DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Sweetgreen, Inc., a Delaware corporation, together with its wholly owned subsidiaries (the “Company”), is a mission-driven, next generation restaurant and lifestyle brand that serves healthy food at scale. The Company’s bold vision is to be as ubiquitous as traditional fast food, but with the transparency and quality that consumers increasingly expect. As of June 26, 2022, the Company operated 166 restaurants in 13 states and Washington, D.C. During the thirteen and twenty-six weeks ended June 26, 2022, the Company had 8 and 16 Net New Restaurant Openings, respectively. The Company was founded in November 2006 and incorporated in the state of Delaware in October 2009 and currently is headquartered in Los Angeles, California. The Company’s operations are conducted as one operating segment and one reportable segment, as the Company’s chief operating decision maker, who is the Company’s Chief Executive Officer, reviews financial information on an aggregate basis for purposes of allocating resources and evaluating financial performance. The Company’s revenue is primarily derived from retail sales of food and beverages by company-owned restaurants. Principles of Consolidation —The accompanying condensed consolidated financial statements include the accounts of the Company. All intercompany balances and transactions have been eliminated in consolidation. Fiscal Year —The Company’s fiscal year is a 52- or 53-week period that ends on the Sunday closest to the last day of December. Fiscal year 2022 is a 52-week period that ends December 25, 2022 and fiscal year 2021 was a 52-week period that ended December 26, 2021. In a 52-week fiscal year, each quarter includes 13 weeks of operations. In a 53-week fiscal year, the first, second and third quarters each include 13 weeks of operations, and the fourth quarter includes 14 weeks of operations. Management’s Use of Estimates —The condensed consolidated financial statements have been prepared by the Company in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and the rules and regulations of the SEC. The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect certain reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Significant accounting estimates made by the Company include the income tax valuation allowance, impairment of long-lived assets,closed-store costs, legal liabilities, fair value of contingent consideration, intangible assets acquired in business combinations, goodwill and stock-based compensation. These estimates are based on information available as of the date of the condensed consolidated financial statements; therefore, actual results could differ from those estimates, including those resulting from the impact of COVID-19. Emerging Growth Company —The Company is currently an “emerging growth company,” as defined in Section 2(a) of the Securities Act of 1933, as amended (the “Securities Act”), as modified by the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the independent registered public accounting firm attestation requirements of Section 404 of the Sarbanes-Oxley Act of 2002, as amended (the “Sarbanes-Oxley Act”), reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and stockholder approval of any golden parachute payments not previously approved. Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Securities Exchange Act of 1934, as amended (the “Exchange Act”) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s financial statements with another public company which is neither an emerging growth company nor an emerging growth company which has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used. The Company will lose its emerging growth company status on December 25, 2022, at which point, it will qualify as a large accelerated filer based upon the aggregate worldwide market value of the Company's voting and non-voting common equity held by its non-affiliates as of June 26, 2022, according to Rule 12b-2 of the Exchange Act. As a result, the Company will adopt all accounting pronouncements currently deferred under the emerging growth company election according to public company standards on the Company’s Annual Report on Form 10-K for the fiscal year ended December 25, 2022. The adoption dates for the new accounting pronouncements disclosed below have been presented as such. Fair Value of Financial Instruments —The fair value measurement accounting guidance creates a fair value hierarchy to prioritize the inputs used to measure fair value into three categories. A financial instrument’s level within the fair value hierarchy is based on the lowest level of input significant to the fair value measurement, where Level 1 is the highest category (observable inputs) and Level 3 is the lowest category (unobservable inputs). The three levels are defined as follows: Level 1 —Quoted prices for identical instruments in active markets. Level 2 —Quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active and model-derived valuations in which significant value drivers are observable. Level 3 —Unobservable inputs for the asset or liability. This includes certain pricing models, discounted cash flow methodologies and similar techniques that use significant unobservable inputs. The carrying amount of accounts receivable, tenant improvement allowance receivable, other current assets, accounts payable, accrued payroll and accrued expenses approximates fair value due to the short-term maturity of these financial instruments. The Company’s contingent consideration is carried at fair value determined using Level 3 inputs in the fair value. For further details see Note 3. Certain assets and liabilities are measured at fair value on a nonrecurring basis. In other words, the instruments are not measured at fair value on an ongoing basis but are subject to fair value adjustments only in certain circumstances (for example, when there is evidence of impairment). For further details see Note 3. Impairment of Long-Lived Assets and Closed-Store Costs — Long-lived assets are reviewed for recoverability at the lowest level in which there are identifiable cash flows (“asset group”). The asset group is at the store-level for restaurant assets and the corporate-level for corporate assets. The carrying amount of a store asset group includes stores’ property and equipment, primarily leasehold improvements. Long-lived assets, including property and equipment and internally developed software, are reviewed by management for impairment whenever events or changes in circumstances indicate that the carrying amount of the asset may not be fully recoverable. When events or circumstances indicate that impairment may be present, management evaluates the probability that future undiscounted net cash flows received will be less than the carrying amount of the asset group. If projected future undiscounted cash flows are less than the carrying value of an asset group, then such assets are written down to their fair values. The Company uses a discounted cash flows model to measure the fair value of an asset group. An impairment charge will be recognized in the amount by which the carrying amount of the store asset group exceeds its fair value. A number of significant assumptions and estimates are involved in the application of the model to forecast operating cash flows, which are largely unobservable inputs and, accordingly, are classified as Level 3 inputs within the fair value hierarchy. Assumptions used in these forecasts are consistent with internal planning, and include sales growth rates, gross margins, and operating expense in relation to the current economic environment and the Company’s future expectations, competitive factors in its various markets, inflation, sales trends and other relevant economic factors that may impact the store under evaluation. There is uncertainty in the projected undiscounted future cash flows used in the Company’s impairment review analysis, which requires the use of estimates and assumptions. If actual performance does not achieve the projections, or if the assumptions used change in the future, the Company may be required to recognize impairment charges in future periods, and such charges could be material. The Company determined that triggering events, primarily related to the impact of changing customer behavior trends, including during the COVID-19 pandemic and as a result of inflation, on the Company’s near-term restaurant level cash flow forecasts, occurred for certain restaurants during the twenty-six weeks ended June 26, 2022 and June 27, 2021 that required an impairment review of the Company’s long-lived assets. Based on the results of this analysis, the Company did not record any non-cash impairment charges. Closed-store costs include non-cash restaurant charges, such as up-front expensing of the net present value of unpaid rent remaining on the life of a lease, offset by assumed sublease income. During the thirteen weeks ended June 26, 2022, we closed one store operated by Spyce Food Co. (“Spyce”), which was fully impaired in a prior period. This closure resulted in closed-store costs expense of $0.2 million recorded within closed-store costs within the consolidated statement of operations. Business Combinations —The Company utilizes the acquisition method of accounting in any acquisitions or business combinations. The acquisition method of accounting requires companies to assign values to assets and liabilities acquired based upon their fair values at the acquisition date. In most instances, there are not readily defined or listed market prices for individual assets and liabilities acquired in connection with a business, including intangible assets. The determination of fair value for assets and liabilities in many instances requires a high degree of estimation. The valuation of intangible assets, in particular, is very subjective. The Company generally obtains third-party valuations to assist it in estimating fair values. The use of different valuation techniques and assumptions could change the amounts and useful lives assigned to the assets and liabilities acquired and related amortization expense. Total research and development cost associated with the Spyce acquisition was $3.3 million and $4.7 million for the thirteen and twenty-six weeks ended June 26, 2022 and recorded within general and administrative cost in the Company’s accompanying condensed consolidated statement of operations. Contingent Consideration - Due to certain conversion features, the contingent consideration issued as part of the Spyce acquisition (see Note 6 for further details) is considered a liability in accordance with ASC 480. The liability associated with the contingent consideration is initially recorded at fair value (see Note 3 for further details) upon the issuance date and is subsequently re-measured to fair value at each reporting date. The initial fair value of the liability for the contingent consideration was $16.4 million and was included as part of the purchase price for the Spyce acquisition. The fair value of the liability as of June 26, 2022 was $18.6 million. Cash and Cash Equivalents —The Company considers all highly liquid investments with a maturity of three months or less at the time of purchase to be cash equivalents. Amounts receivable from credit card processors are converted to cash shortly after the related sales transaction and are considered to be cash equivalents because they are both short-term and highly liquid in nature. Amounts receivable from sales transactions as of June 26, 2022 and December 26, 2021, were $2.1 million and $1.1 million, respectively. Restricted Cash —The Company’s restricted cash balance relates to certificates of deposit that are collateral for letters of credit to lease agreements entered into by the Company. The reconciliation of cash and cash equivalents and restricted cash presented in the Company’s accompanying condensed consolidated balance sheets to the total amount shown in its condensed consolidated statements of cash flows is as follows: (dollar amounts in thousands) As of June 26, As of December 26, Reconciliation of cash, cash equivalents and restricted cash: Cash and cash equivalents $ 406,976 $ 471,971 Restricted cash, noncurrent 219 328 Total cash, cash equivalents and restricted cash shown on statement of cash flows $ 407,195 $ 472,299 Concentrations of Risk —The Company maintains cash balances at several financial institutions located in the United States. The cash balances may, at times, exceed federally insured limits. Accounts are guaranteed by the Federal Deposit Insurance Corporation (“FDIC”) up to $0.3 million. During both the thirteen weeks ended June 26, 2022 and June 27, 2021, approximately 33% of the Company’s revenue was generated from the Company’s restaurants located in the New York City metropolitan area. During both the twenty-six weeks ended June 26, 2022 and June 27, 2021, approximately 32% of the Company’s revenue was generated from the Company’s restaurants located in the New York City metropolitan area. Deferred Costs —Deferred costs primarily consist of capitalized implementation costs from cloud computing arrangements in relation to a new enterprise resource planning system. These costs amounted to $3.4 million as of June 26, 2022 and are recorded within other current assets in the condensed consolidated balance sheets. Prior to the Company’s initial public offering (the “IPO”), deferred costs also included direct incremental legal, consulting, accounting, and other fees relating to the sale of the Company’s Class A Common Stock which were reclassified into stockholder’s deficit as a reduction of IPO proceeds upon offering. Recently Issued Accounting Pronouncements Not Yet Adopted — As noted above, the Company will lose its emerging growth company status on December 25, 2022, at which point, the Company will adopt all accounting pronouncements currently deferred under the emerging growth company election according to public company standards on the Company’s Annual Report on Form 10-K for the fiscal year ended December 25, 2022. See effective dates of these standards below. In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-02, Leases . This update requires lessees to recognize in the condensed consolidated balance sheet assets and liabilities for leases with lease terms of more than 12 months. Consistent with current GAAP, the recognition, measurement, and presentation of expenses and cash flows arising from a lease by a lessee primarily will depend on its classification as a finance or operating lease. However, unlike current GAAP—which requires only capital leases to be recognized in the condensed consolidated balance sheet—the new ASU will require both types of leases to be recognized by a lessee in the condensed consolidated balance sheet. In June 2020, the FASB issued ASU No. 2020-05 which delayed the effective date to fiscal years beginning after December 15, 2021, and interim periods within fiscal years beginning after December 15, 2022. Early application is permitted. The ASU will be adopted for the annual period beginning December 27, 2021, and the first presentation of the application of ASC 842, Leases, will be presented in the Company’s annual consolidated financial statements for fiscal year 2022 included within the Company’s 2022 Annual Report on Form 10-K. The Company plans on electing the optional transition method to apply the standard as of the effective date and therefore, will not apply the standard to the comparative periods presented in its financial statements, and is still evaluating any potential cumulative-effect adjustment to retained earnings related to impairment of any right-of-use assets and reassessment of previously recorded initial direct costs. The Company does not plan on electing the package of three practical expedients, and thus will reassess all contracts for lease identification, lease classification and initial direct costs. The Company anticipates there will be no change related to lease identification or lease classification and the reassessment of initial direct costs will result in a cumulative-effect adjustment in retained earnings of approximately $4.0 million to $5.0 million, related to previously capitalized legal fees that will no longer meet the definition of initial direct costs under the new standard. The Company will also not elect the hindsight practical expedient, which permits the use of hindsight when determining lease term and impairment of right-of-use assets. Further, the Company will elect a short-term lease exception policy, permitting it to not apply the recognition requirements of this standard to short-term leases (i.e. leases with terms of 12 months or less) and an accounting policy to account for lease and non-lease components as a single component for all real property leases. The Company is finalizing the impact of this standard on our accounting policies, processes, and internal controls over financial reporting, as well as upgrades to its existing lease system. While the Company is still evaluating this ASU, the Company has determined that the primary impact will be to recognize in the consolidated balance sheets all operating leases with lease terms greater than 12 months. It is expected that this ASU will have a material impact on the Company’s condensed consolidated balance sheet as it will record assets and obligations related to all of its operating and corporate office leases. The Company expects to record on its consolidated balance sheets operating lease liabilities of approximately $295 million to $345 million based on the present value of the remaining minimum rental payments using discount rates as of the effective date.The Company also expects to record corresponding right-of-use assets of approximately $240 million to $290 million, based upon the operating lease liability, adjusted for prepaid and deferred rent, unamortized initial direct costs, liabilities associated lease termination costs and impairment of right-of-use assets recognized in retained earnings, if applicable. As the Company’s fiscal year 2022 Form 10-Qs are currently under ASC 840, when it adopts this standard within its fiscal year 2022 Form 10-K the Company anticipates recognizing an additional $1.5 million to $2.5 million for the entire fiscal year 2022, of general and administrative expenses within its consolidated statement of operations, associated to the exclusion of lease related legal fees as initial direct costs, which are currently deferred within lease acquisition costs and recognized over the life of the lease. The Company does not expect any significant impact on its condensed consolidated statement of operations or condensed consolidated statement of cash flows. Additionally, the Company is in the process of evaluating the expanded disclosure requirements related to this ASU. In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (“ASU 2016-13”). The amendments in ASU 2016-13 provide amended guidance for estimating credit losses on certain types of financial instruments based on expected losses and the timing of the recognition of such losses. Expanded disclosures related to the methods used to estimate the losses are also required. In connection with the loss of its emerging growth company status, this standard will be adopted for the annual period beginning December 27, 2021, and the first presentation of the application will be presented in the Company’s annual consolidated financial statements for fiscal year 2022 included within the Company’s 2022 Annual Report on Form 10-K. The application of ASU 2018-07 is not expected to have a material impact on the Company’s condensed consolidated financial statements and related disclosures.

REVENUE RECOGNITION

REVENUE RECOGNITION	6 Months Ended
	Jun. 26, 2022
Revenue from Contract with Customer [Abstract]
REVENUE RECOGNITION	REVENUE RECOGNITION Nature of products and services The Company recognizes food and beverage revenue, net of discounts and incentives, when payment is tendered at the point of sale as the performance obligation has been satisfied, through the Company’s three disaggregated revenue channels: Owned Digital Channels, In Store-Channel (Non-Digital component), and Marketplace Channel. Owned Digital Channels encompasses the Company’s Pick-Up Channel, Native Delivery Channel, Outpost Channel, and purchases made in its In-Store Channel via digital scan-to-pay. Pick-Up Channel refers to sales to customers made for pick up at one of the Company’s restaurants through the sweetgreen website or mobile app. Native Delivery Channel refers to sales to customers for delivery made through the sweetgreen website or mobile app. Outpost Channel refers to sales to customers for delivery made through the sweetgreen website or mobile app to Outposts, which are the Company’s trademark offsite drop-off points at offices, residential buildings and hospitals. In-Store Channel (Non-Digital component) refers to sales to customers who make in-store purchases in the Company’s restaurants, whether they pay by cash or credit card. Marketplace Channel refers to sales to customers for delivery or pick-up made through third-party delivery marketplaces, including Caviar, DoorDash, Grubhub, Postmates, and Uber Eats. Provisions for discounts are provided for in the same period the related sales are recorded. Sales taxes and other taxes collected from customers and remitted to governmental authorities are presented on a net basis, and as such, are excluded from revenues. Gift Cards The Company sells gift cards that do not have an expiration date. Upon sale, gift cards are recorded as unearned revenue and included within gift card liability in the accompanying condensed consolidated balance sheets. The revenues from gift cards are recognized when redeemed by customers. Because the Company does not track addresses of gift card purchasers, the relevant jurisdiction related to the requirement for escheatment, the legal obligation to remit unclaimed assets to the state, is the Company’s state of incorporation, which is Delaware. The state of Delaware requires escheatment after 5 years from issuance. The Company does not recognize breakage income because of its requirements to escheat unredeemed gift card balances. Delivery All of the Company’s locations offer a delivery option. Delivery services are fulfilled by third-party service providers whether delivery is ordered through the Company’s Native Delivery Channel or Marketplace Channel. With respect to Native Delivery sales, the Company controls the delivery services and recognizes revenue, including delivery revenue, when the delivery partner transfers food to the customer. For these sales, the Company receives payment directly from the customer at the time of sale. With respect to Marketplace Channel sales, the Company recognizes revenue, excluding delivery fees collected by the delivery partner as the Company does not control the delivery service, when control of the food is delivered to the end customer. The Company receives payment from the delivery partner subsequent to the transfer of food and the payment terms are short-term in nature. For all delivery sales, the Company is considered the principal and recognizes the revenue on a gross basis. The following table presents the Company’s revenue for the thirteen and twenty-six weeks ended June 26, 2022 and June 27, 2021 disaggregated by significant revenue channel: Thirteen weeks ended Twenty-six weeks ended (dollar amounts in thousands) June 26, June 27, June 26, June 27, Owned Digital Channels $ 50,473 $ 40,934 $ 94,397 $ 73,562 In-Store Channel (Non-Digital component) 47,871 27,437 82,317 41,661 Marketplace Channel 26,574 17,841 50,795 32,381 Total Revenue $ 124,918 $ 86,212 $ 227,509 $ 147,604 Gift Cards Gift card liability included in gift card and loyalty liability within the accompanying condensed consolidated balance sheet was as follows: (dollar amounts in thousands) As of June 26, As of December 26, Gift Card Liability $ 1,640 $ 1,839 Revenue recognized from the redemption of gift cards that was included in gift card and loyalty liability at the beginning of the year was as follows: Thirteen weeks ended Twenty-six weeks ended (dollar amounts in thousands) June 26, June 27, June 26, June 27, Revenue recognized from gift card liability balance at the beginning of the year $ 66 $ 48 $ 319 $ 179 sweetgreen Rewards Changes in sweetgreen Rewards liability included in gift card and loyalty liability within the accompanying condensed consolidated bala nce sheet was as follows: Twenty-six weeks ended (dollar amounts in thousands) June 26, June 27, sweetgreen Rewards liability, beginning balance $ — $ 943 Revenue deferred — 1,701 Revenue recognized — (2,644) sweetgreen Rewards liability, ending balance $ — $ — All the loyalty liability outstanding at the beginning of each year presented was recognized during each respective year. All rewards revenue related to performance obligations were satisfied as of June 26, 2022.

FAIR VALUE

FAIR VALUE	6 Months Ended
	Jun. 26, 2022
Fair Value Disclosures [Abstract]
FAIR VALUE	FAIR VALUE The following tables present information about the Company’s financial liabilities measured at fair value on a recurring basis: Fair Value Measurements as of June 26, 2022 Fair Value Measurements as of December 26, 2021 Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 (dollar amounts in thousands) Contingent consideration 18,625 — — 18,625 20,477 — — 20,477 Total $ 18,625 $ — $ — $ 18,625 $ 20,477 $ — $ — $ 20,477 The fair value of the contingent consideration was determined based on significant inputs not observable in the market. In connection with the acquisition of Spyce on September 7, 2021, the former equity holders of Spyce may receive up to 714,285 additional shares of Class A Common Stock, calculated based on the initial offering price of the Company’s Class A common stock of $28.00 per share sold in the Company’s IPO (the “Reference Price”), contingent on the achievement of certain performance milestones between the closing date of the acquisition and June 30, 2026. See Note 6. Additionally, the former equityholders of Spyce may receive true-up payments in cash as follows: if (i) as of the second anniversary of the closing date of the acquisition, the 30-Day Volume-Weighted Average Price of the Company’s Class A common stock (“VWAP Price”) is less than the Reference Price, then the Company shall pay to each former equityholder of Spyce that has continually held its shares of the Company’s Class A common stock the delta between the Reference Price and the VWAP Price for the upfront portion of the purchase price and (ii) as of the date of the achievement of any of the three milestones, the VWAP Price as of such milestone achievement date is less than the Reference Price, then the Company shall pay to each former equityholder of Spyce that is eligible to receive a milestone payment the delta between the Reference Price and the VWAP Price for the contingent consideration associated with such milestone. The contingent consideration was valued using the Monte Carlo method. The analysis considered, among other items, the equity value, the contractual terms of the Spyce merger agreement, potential liquidity event scenarios (prior to the IPO), the Company’s credit adjusted discount rate, equity volatility, risk-free rate and the probability of milestone targets required for issuance of shares under the contingent consideration will be achieved. The following table provides a roll forward of the aggregate fair values of the Company’s contingent consideration, for which fair value is determined using Level 3 inputs. (dollar amounts in thousands) Contingent Consideration Balance—December 26, 2021 $ 20,477 Change in fair value (1,852) Balance—June 26, 2022 $ 18,625

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	6 Months Ended
	Jun. 26, 2022
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT	PROPERTY AND EQUIPMENT Property and equipment are stated at cost. Depreciation is calculated using the straight-line method over the estimated useful lives of the assets. Leasehold improvements are amortized using the straight-line method over the shorter of the lease term or estimated useful life. A summary of property and equipment is as follows: (dollar amounts in thousands) As of June 26, As of December 26, Furniture and fixtures $ 29,877 $ 26,168 Computers and other equipment 26,658 22,890 Kitchen equipment 53,990 47,911 Leasehold improvements 191,196 167,362 Assets not yet placed in service 31,341 21,981 Total property and equipment 333,062 286,312 Less: accumulated depreciation (123,577) (105,646) Property and equipment, net $ 209,485 $ 180,666 Depreciation expense for the thirteen weeks ended June 26, 2022 and June 27, 2021, was $9.4 million and $6.9 million, respectively. Depreciation expense for the twenty-six weeks ended June 26, 2022 and June 27, 2021, was $18.2 million and $13.5 million, respectively. Loss on asset disposals for the thirteen weeks ended June 26, 2022 and June 27, 2021 was less than $0.1 million and $0.1 million, respectively. Loss on asset disposals for the twenty-six weeks ended June 26, 2022 and June 27, 2021 was less than $0.1 million and $0.1 million, respectively. As of June 26, 2022, the Company had 23 facilities under construction due to open during fiscal year 2022. As of December 26, 2021, the Company had 13 facilities under construction, all of which have opened during fiscal year 2022. Depreciation commences after a store opens and the related assets are placed in service.

GOODWILL AND INTANGIBLE ASSETS,

GOODWILL AND INTANGIBLE ASSETS, NET	6 Months Ended
	Jun. 26, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND INTANGIBLE ASSETS, NET	GOODWILL AND INTANGIBLE ASSETS, NET During the twenty-six weeks ended June 26, 2022, there were no changes in the carrying amount of goodwill of $36.0 million. The following table presents the Company’s intangible assets, net balances: (dollar amounts in thousands) As of June 26, As of December 26, Internal use software $ 28,406 $ 26,122 Developed technology 20,050 20,050 Total intangible assets 48,456 46,172 Accumulated amortization (17,093) (13,304) Intangible assets, net $ 31,363 $ 32,868 Developed technology intangible assets were recognized in conjunction with the Company’s acquisition of Spyce on September 7, 2021.The estimated useful life of developed technology is five years. As of June 26, 2022, developed technology has not been placed into service. See Note 6 for further details. Amortization expense for intangible assets was $1.9 million and $1.5 million for the thirteen weeks ended June 26, 2022 and June 27, 2021, respectively. Amortization expense for intangible assets was $3.8 million and $2.8 million for the twenty-six weeks ended June 26, 2022 and June 27, 2021, respectively. Estimated amortization of internal use software for each of the next five years is as follows: (dollar amounts in thousands) 2022 $ 3,657 2023 5,066 2024 2,427 2025 163 2026 —

BUSINESS ACQUISITION

BUSINESS ACQUISITION	6 Months Ended
	Jun. 26, 2022
Business Combination and Asset Acquisition [Abstract]
BUSINESS ACQUISITION	BUSINESS ACQUISITION On September 7, 2021, the Company closed its acquisition of Spyce, a Boston-based restaurant company powered by automation technology. The Company acquired 100% of the stock of Spyce via a merger. The purpose of the acquisition is to allow the Company to serve its food with even better quality, consistency and efficiency in its restaurants via automation. Pursuant to the merger agreement, upon closing of the acquisition, the Company issued 1,843,493 shares of Class S stock (the “Class S Shares”) worth approximately $37.5 million, of which $6.8 million is considered post-business combination compensation expense, see Note 10 for details, and subject to certain vesting requirements of certain Spyce employees. In connection with the Company’s IPO, the Class S Shares converted into 1,316,763 shares of common stock pursuant to a formula based on the Reference Price, which such shares were then reclassified into shares of Class A common stock. Additionally, the Company paid off approximately $3.5 million of certain indebtedness and transaction expenses of Spyce. Furthermore, certain former equity holders of Spyce may receive up to an aggregate of 714,285 additional shares of Class A Common Stock contingent on the achievement of certain performance milestones between the closing date and June 30, 2026, as well as true-up cash payments as described in Note 3. The acquisition of Spyce was not significant pursuant to Rule 3-05 of Regulation S-X. The following allocation of the purchase price and the estimated transaction costs is preliminary due to the finalization of taxes and is based on information available to the Company’s management at the time the consolidated financial statements were prepared. Accordingly, the allocation is subject to change and the impact of such changes may be material (in thousands): Fair value of assets acquired As of September 7, Restricted cash 203 Property and equipment, net 707 Other assets 660 Developed technology 20,050 Goodwill 29,695 Total assets acquired $ 51,315 Fair value of liabilities assumed Other liabilities 628 Total liabilities assumed $ 628 Total identifiable net assets $ 50,687 Fair value of consideration Cash consideration, net of cash acquired 2,762 Closing third party expenses 781 Equity consideration 30,704 Contingent equity consideration 16,440 Total consideration $ 50,687 Determining the fair value of the intangible assets acquired requires significant judgment, including the amount and timing of expected future cash flows, long-term growth rates and discount rates. The fair value of the intangibles assets was determined using a cost approach, which were based on the Company’s best estimate of recreating the developed technology acquired as part of the transaction. This includes estimates related to opportunity costs, developers profit, weighted average weight of return, and projected overhead. Use of different estimates and judgments could yield materially different results. The Company’s consolidated financial statements for the thirteen and twenty-six weeks ended June 26, 2022 reflect results of operations of the newly acquired business. The Company accounted for this acquisition under the acquisition method in accordance with ASC Topic 805, Business Combinations. The goodwill is attributable to the synergies the Company expects to achieve through leveraging the acquired technology to its existing restaurants and the workforce of Spyce. For tax purposes the acquisition was treated as a stock purchase, and as such any goodwill or other intangible assets recorded as a result of this transaction are not deductible for tax purposes . Supplemental Pro Forma Information (unaudited) The following unaudited pro forma summary presents consolidated information of the Company as if the business acquisition occurred on December 28, 2020. Thirteen weeks ended Twenty-six weeks ended (dollar amounts in thousands) June 27, June 27, Revenue $ 86,522 $ 148,073 Net loss attributable to Sweetgreen, Inc. $ (27,401) $ (58,345) The Company did not have any material, nonrecurring pro forma adjustments directly attributable to the business acquisition included in the reported pro forma revenue and earnings.

ACCRUED EXPENSES

ACCRUED EXPENSES	6 Months Ended
	Jun. 26, 2022
Payables and Accruals [Abstract]
ACCRUED EXPENSES	ACCRUED EXPENSES Accrued expenses consist of the following: (dollar amounts in thousands) As of June 26, As of December 26, Rent deferrals $ 1,728 $ 2,547 Accrued general and sales tax 3,567 3,115 Accrued delivery fee 1,254 778 Accrued settlements and legal fess 1,087 2,156 Other accrued expenses 7,796 7,742 Total accrued expenses $ 15,432 $ 16,338

DEBT

DEBT	6 Months Ended
	Jun. 26, 2022
Debt Disclosure [Abstract]
DEBT	DEBT Credit Facili ty — On December 14, 2020, the Company refinanced its previously existing 2017 Revolving Facility with EagleBank (as refinanced and as amended on September 29, 2021, the “2020 Credit Facility”). The 2020 Credit Facility allows the Company to borrow up to $35.0 million in the aggregate principal amount under the refinanced revolving facility and up to $10.0 million in the aggregate principal amount under a new delayed draw term loan facility. Under the 2020 Credit Facility, interest accrues on the outstanding loan balance and is payable monthly at a rate of the adjusted one-month London InterBank Offered Rate, plus 2.90%, with a floor on the interest rate at 3.75%. As of June 26, 2022 and December 26, 2021, the Company had no outstanding balance under the 2020 Credit Facility. Under the 2020 Credit Facility, the Company is required to maintain certain levels of liquidity (defined as total cash and cash equivalents on hand plus the available amount under the revolving facility) which liquidity amount shall be no less than the trailing 90-day cash burn. The Company was in compliance with the applicable financial covenants as of June 26, 2022 and December 26, 2021. The obligations under the 2020 Credit Facility are guaranteed by the Company’s existing and future material subsidiaries and secured by substantially all of the Company’s and subsidiaries guarantor’s assets. The agreement also restricts the Company’s ability, and the ability of the Company’s subsidiary guarantors, to, among other things, incur liens; incur additional indebtedness; transfer or dispose of assets; make acquisitions, change the nature of the business; guarantee obligations; pay dividends to shareholders or repurchase stock; and make advances, loans, or other investments. The agreement contains customary events of default, including, without limitation, failure to pay the outstanding loans or accrued interest on the due date. On May 9, 2022, the Company and Eagle Bank amended the 2020 Credit Facility to allow for borrowings for the issuance of Letters of Credit of up to $1.5 million. In connection therewith, the Company entered into a $950,000 irrevocable standby Letter of Credit with Eagle Bank with The Travelers Indemnity Company as the beneficiary in connection with the Company’s workers compensation insurance policy. The Company had unamortized loan origination fees of less than $0.1 million and $0.1 million as of June 26, 2022 and December 26, 2021, respectively, which is included within the accompanying condensed consolidated balance sheet in other current assets. The Company recognized less than $0.1 million of interest expense for each of the thirteen and twenty-six weeks ended June 26, 2022 and June 27, 2021, related to the amortization of loan origination fees.

COMMON STOCK

COMMON STOCK	6 Months Ended
	Jun. 26, 2022
Equity [Abstract]
COMMON STOCK	COMMON STOCK As of June 26, 2022 and December 26, 2021, the Company had reserved shares of common stock for issuance in conn ection with the following: As of June 26, As of December 26, Options outstanding under the 2009 Stock Plan, 2019 Equity Incentive Plan, Spyce Food Co. 2016 Stock Option Plan and Grant Plan and 2021 Equity Incentive Plan 13,635,836 13,773,414 Shares reserved for achievement of Spyce milestones 714,285 714,285 Shares reserved for employee stock purchase plan 3,000,000 3,000,000 RSUs and PSUs outstanding under the 2019 Equity Incentive Plan and 2021 Equity Incentive Plan 9,238,512 9,013,854 Shares available for future issuance under the 2019 Equity Incentive Plan and 2021 Equity Incentive Plan 11,392,585 12,159,177 Total reserved shares of common stock 37,981,218 38,660,730

STOCK - BASED COMPENSATION

STOCK - BASED COMPENSATION	6 Months Ended
	Jun. 26, 2022
Share-Based Payment Arrangement [Abstract]
STOCK - BASED COMPENSATION	STOCK-BASED COMPENSATION 2021 Equity Incentive Plan In connection with the Company’s IPO, the Company adopted the 2021 Equity Incentive Plan (the “2021 Plan”), which allows for issuance of stock options (including incentive stock options and non-qualified stock options), RSUs, including performance-based awards, and other types of awards. The maximum number of shares of common stock that may be issued under the 2021 Plan is 35,166,753, which is the sum of (i) 11,500,000 new shares, plus (ii) an additional number of shares consisting of (a) shares that were available for the issuance of awards under any prior equity incentive plans in place (which shall include the Prior Stock Plans (as defined below) and the options to purchase certain shares of common stock, assumed by the Company, pursuant to the Spyce Food Co. 2016 Stock Option and Grant Plan, prior to the time the Company’s 2021 Plan became effective and (b) any shares of the Company’s common stock subject to outstanding stock options or other stock awards granted under the Prior Stock Plans that on or after the Company’s 2021 Plan became effective, terminate or expire prior to the exercise or settlement; are not issued because the award is settled in cash; are forfeited because of the failure to vest; or are reacquired or withheld (or not issued) to satisfy a tax withholding obligation or the purchase or exercise price. Options granted during, or prior to, the thirteen and twenty-six weeks ended June 26, 2022 generally have vesting terms between twelve months and four years and have a contractual life of 10 years. 2009 Stock Plan and 2019 Equity Incentive Plan Prior to the Company’s IPO, the Company granted stock options, RSUs and performance-based restricted stock awards (“PSUs”) to its employees, as well as nonemployees (including directors and others who provide substantial services to the Company) under the Company’s 2009 Stock Plan and 2019 Equity Incentive Plan (collectively, the “Prior Stock Plans”). Awards permitted to be granted under the Prior Stock Plans include incentive stock options to the Company’s employees and non-qualified stock options to the Company’s employees and non-employees, as well as stock appreciation rights, restricted stock awards, RSUs (including PSUs), and other forms of stock awards to the Company’s employees, directors and consultants and any of the Company’s affiliated employees and consultants. Options granted during the thirteen and twenty-six weeks ended June 26, 2022 and prior generally have vesting terms between one year and four years and have a contractual life of 10 years. No further stock awards will be granted under the Prior Stock Plans now that the 2021 Equity Incentive Plan is effective; however, awards outstanding under the Prior Stock Plans will continue to be governed by their existing terms. Spyce Acquisition In conjunction with the Spyce acquisition, the Company issued shares of Class S stock which converted to the Class A common stock upon the Company’s IPO. See Note 6. Shares of Class S stock that were issued to certain Spyce employees, and the corresponding shares of Class A common stock received by such employees in connection with the Company’s IPO, are subject to time-based service requirements and will vest on September 7, 2023, subject to vesting acceleration in full upon the occurrence of certain events. As the value is fixed, the grant date fair value of these shares represents the fair value of the shares on the acquisition date. For the thirteen and twenty-six weeks ended June 26, 2022, the Company recognized stock-based compensation expense of $0.8 million and $1.7 million, respectively, related to the vested portion of such shares. 2021 Employee Stock Purchase Plan In conjunction with the IPO, the Company’s board of directors adopted, and the Company’s stockholders approved the Company’s 2021 employee stock purchase plan (the “ESPP”). The Company’s ESPP authorizes the issuance of 3,000,000 shares of common stock under purchase rights granted to the Company’s employees or to the employees of any of its designated affiliates. The number of shares of the Company’s common stock reserved for issuance will automatically increase on January 1 of each year for a period of 10 years, beginning January 1, 2023, by the lesser of (i) 1% of the total number of shares of our common stock outstanding on December 31 of the immediately preceding year; and (ii) 4,300,000 shares, except before the date of any such increase, the Company’s board of directors may determine that such increase will be less than the amount set forth in clauses (i) and (ii). As of June 26, 2022, there had been no offering period or purchase period under the ESPP, and no such period will begin unless and until determined by the administrator. Stock Options Certain amounts for employee stock option disclosures in prior years were reclassified to conform with current year presentation. The following table summarizes the Company’s stock option activity for the twenty-six weeks ended June 26, 2022 and June 27, 2021: (dollar amounts in thousands except per share amounts) Number of Shares Weighted Average Exercise Price Per Share Weighted-Average Remaining Contractual Term (In Years) Aggregate Intrinsic Value Balance—December 26, 2021 13,773,414 $ 6.87 7.42 $ 337,269 Options granted 578,865 23.75 Options exercised (560,610) 5.22 Options forfeited (130,590) 12.24 Options expired (25,243) 5.85 Balance—June 26, 2022 13,635,836 $ 7.61 7.21 $ 84,673 Exercisable—June 26, 2022 8,824,027 $ 5.35 6.35 $ 70,585 Vested and expected to vest—June 26, 2022 13,635,836 $ 7.61 7.21 $ 84,673 (dollar amounts in thousands except per share amounts) Number of Shares Weighted Average Exercise Price Per Share Weighted-Average Remaining Contractual Term (In Years) Aggregate Intrinsic Value Balance—December 27, 2020 14,612,730 $ 4.27 6.34 $ 15,204 Options granted 4,477,360 10.76 Options exercised (904,159) 4.15 Options forfeited (196,175) 6.09 Options expired (75,535) 5.87 Balance—June 27, 2021 17,914,221 $ 6.12 7.07 $ 71,852 Exercisable—June 27, 2021 5,044,682 $ 3.00 4.79 $ 39,244 Vested and expected to vest—June 27, 2021 17,914,221 $ 6.12 7.07 $ 71,852 The weighted-average fair value of options granted during the twenty-six weeks ended June 26, 2022 and twenty-six weeks ended June 27, 2021, was $10.57 and $4.56, respectively. The fair value of each option granted has been estimated as of the date of the grant using the Black-Scholes option-pricing model. The Company has elected to account for forfeitures as they occur. As of June 26, 2022, there was $25.3 million in unrecognized compensation expense related to unvested stock-based compensation arrangements and is expected to be recognized over a weighted average period 2.32 years. Restricted Stock Units and Performance Stock Units Restricted stock units The following table summarizes the Company’s RSU activity for the twenty-six weeks ended June 26, 2022: (dollar amounts in thousands except per share amounts) Number of Shares Weighted-Average Grant Date Fair Value Balance—December 26, 2021 2,392,426 $ 24.18 Granted 439,764 22.45 Released (57,084) 19.65 Forfeited, cancelled, or expired (158,022) 27.41 Balance— June 26, 2022 2,617,084 $ 23.86 There were no RSUs granted during the twenty-six weeks ended June 27, 2021. As of June 26, 2022, unrecognized compensation expense related to RSUs was $45.5 million and is expected to be recognized over a weighted average period of 1.58 years. The fair value of shares released as of the vesting date during the twenty-six weeks ended June 26, 2022 was $1.3 million. Performance stock units In October 2021, the Company granted 2,100,000 PSUs to each founder (the “founder PSUs”) for a total of 6,300,000 PSUs, under the 2019 Equity Incentive Plan. The founder PSUs vest upon the satisfaction of a service condition and the achievement of certain stock price goals. Subsequent to the Company’s IPO, the Company issued 321,428 PSUs to the Spyce founders (“Spyce PSUs”) based on three separate performance-based milestone targets. During the twenty-six weeks ended June 26, 2022, the Company has not recorded any stock-based compensation expense related to the Spyce PSUs, as no expense will be recognized until the targets are probable of being met. Unrecognized compensation expense related to the Spyce PSUs was $9.8 million, which will be expensed if the performance-based milestones targets become probable of being met. There were no additional PSU grants during the twenty-six weeks ended June 26, 2022. As of June 26, 2022 unrecognized compensation expense related to the founder PSUs was $78.7 million and is expected to recognized over a weighted average period of 2.48 years. A summary of stock-based compensation expense recognized during the thirteen and twenty-six weeks ended June 26, 2022 and June 27, 2021 is as follows: Thirteen weeks ended Twenty-six weeks ended (dollar amounts in thousands) June 26, June 27, June 26, June 27, Stock-options $ 2,567 $ 1,877 $ 5,099 $ 3,099 Restricted stock units 11,592 — 22,176 — Performance stock units 9,048 — 18,097 — Total stock-based compensation $ 23,207 $ 1,877 $ 45,372 $ 3,099

INCOME TAXES

INCOME TAXES	6 Months Ended
	Jun. 26, 2022
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The Company’s entire pretax loss for the thirteen and twenty-six weeks ended June 26, 2022 and June 27, 2021 was from its U.S domestic operations. The Company’s tax provision for interim periods is determined using an estimate of its annual effective tax rate, adjusted for discrete items arising during interim periods. For the thirteen and twenty-six weeks ended June 26, 2022 and June 27, 2021, there were no significant discrete items recorded and the Company recorded less than $0.1 million and no income tax expense, respectively. On March 27, 2020, the CARES Act was signed into law. The CARES Act provides numerous tax provisions and other stimulus measures, including provisions, among others, addressing the carryback of NOLs for specific periods, refunds of alternative minimum tax credits, temporary modifications to the limitations placed

NET LOSS PER SHARE

NET LOSS PER SHARE	6 Months Ended
	Jun. 26, 2022
Earnings Per Share [Abstract]
NET LOSS PER SHARE	NET LOSS PER SHARE During the thirteen and twenty-six weeks ended June 26, 2022 and June 27, 2021, the rights, including the liquidation and dividend rights, of the holders of Class A and Class B common stock were identical, except with respect to voting. As the liquidation and dividend rights were identical, the undistributed earnings were allocated on a proportionate basis and the resulting net loss per share attributable to common stockholders were, therefore, the same for both Class A and Class B common stock on an individual or combined basis. The following table sets forth the computation of net loss per common share: Thirteen weeks ended Twenty-six weeks ended June 26, June 27, June 26, June 27, (dollar amounts in thousands) Numerator: Net loss $ (40,033) $ (26,883) $ (89,233) $ (56,928) Denominator: Weighted-average common shares outstanding—basic and diluted 109,679,467 17,359,717 109,575,841 17,162,245 Earnings per share—basic and diluted $ (0.36) $ (1.55) $ (0.81) $ (3.32) The Company’s potentially dilutive securities, which include preferred stock, time-based vesting restricted stock units, performance stock units, contingently issuable stock and options to purchase common stock, have been excluded from the computation of diluted net loss per share as the effect would be antidilutive. Therefore, the weighted-average number of common shares outstanding used to calculate both basic and diluted net loss per share is the same. The Company excluded the following potential common shares, presented based on amounts outstanding at each period end, from the computation of diluted net loss per share for the periods indicated because including them would have had an anti-dilutive effect: Thirteen weeks ended Twenty-six weeks ended June 26, June 27, June 26, June 27, Options to purchase common stock 13,635,836 17,986,254 13,635,836 17,986,254 Preferred stock — 71,466,912 — — 71,466,912 Time-based vesting restricted stock units 2,617,084 — 2,617,084 — Performance stock units 6,621,428 — 6,621,428 — Contingently issuable stock 714,285 — 714,285 — Total common stock equivalents 23,588,633 89,453,166 23,588,633 89,453,166

RELATED-PARTY TRANSACTIONS

RELATED-PARTY TRANSACTIONS	6 Months Ended
	Jun. 26, 2022
Related Party Transactions [Abstract]
RELATED-PARTY TRANSACTIONS	RELATED-PARTY TRANSACTIONSThe Company’s founders and Chief Financial Officer each hold indirect minority passive interests in Luzzatto Opportunity Fund II, LLC, an entity which holds indirect equity interests in Welcome to the Dairy, LLC, which is the owner of the properties leased by the Company for the Company’s principal corporate headquarters. For the thirteen weeks ended June 26, 2022 and June 27, 2021, total payments to Welcome to the Dairy, LLC, totaled $1.5 million and $0.1 million, respectively. For the twenty-six weeks ended June 26, 2022 and June 27, 2021, total payments to Welcome to the Dairy, LLC, totaled $3.2 million and $2.7 million, respectively

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 26, 2022
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Operating Leases The Company leases its office facilities, restaurant locations, and certain equipment under non-cancelable operating leases that expire on various dates. During the thirteen weeks ended June 26, 2022 and June 27, 2021, the Company recorded rent expense of $11.0 million and $8.7 million, respectively. During the twenty-six weeks ended June 26, 2022 and June 27, 2021, the Company recorded rent expense of $21.4 million and $15.5 million, respectively. Future minimum lease payments under non-cancelable operating leases subsequent to June 26, 2022 are as follows (in thousands): (dollar amounts in thousands) Total 2022 2023 2024 2025 2026 Thereafter Operating Leases $ 436,724 $ 24,130 $ 50,297 $ 52,250 $ 52,104 $ 50,178 $ 207,765 Purchase obligations (1) $ 2,871 $ 2,871 $ — $ — $ — $ — $ — (1) Purchase obligations include agreements to purchase goods or services that are enforceable and legally binding on us and that specify all significant terms. The majority of our purchase obligations relate to amounts owed for supplies within our restaurants. Legal Contingencies The Company is subject to various claims, lawsuits, governmental investigations and administrative proceedings that arise in the ordinary course of business. The Company does not believe that the ultimate resolution of any of these matters will have a material effect on the Company’s financial position, results of operations, liquidity, or capital resources. However, an increase in the number of these claims, or one or more successful claims under which the Company incurs greater liabilities than the Company currently anticipates, could materially and adversely affect the Company’s business, financial position, results of operations, and cash flows.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Jun. 26, 2022
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS The Company evaluated subsequent events through August 9, 2022, the date its accompanying condensed consolidated financial statements were available to be issued. Except as discussed below, there are no events that require adjustment to or disclosure in these condensed consolidated financial statements. On August 8, 2022, the Company took a number of steps to manage operating expenses (the “Plan”), which included workforce reduc tions affecting approximately 5% of employees at the sweetgreen Support Center, and a reduction of the Company’s real estate footprint by vacating the premises for the existing sweetgreen Support Center and moving to a smaller office space adjacent to its existing location (the “Office Move”). The Company expects to incur total pre-tax restructuring and related charges of approximately $8.9 million to $10.7 million, including approximately $0.5 million to $0.8 million of severance and related benefits costs related to the Plan and approximately $8.4 million to $9.9 million of non-cash expenses due to the Office Move. The Company expects to recognize these expenses primarily in the third quarter of fiscal year 2022. The charges that the Company expects to incur are subject to a number of assumptions, primarily related to estimated time to sublease the vacated portion of the sweetgreen Support Center and related sublease rent received, and actual expenses may differ materially from the estimates disclosed above. In conjunction with the Office Move, the Company’s principal corporate headquarters is now 3102 36th Street, Los Angeles, CA 90018.

DESCRIPTION OF BUSINESS AND S_2

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 26, 2022
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation —The accompanying condensed consolidated financial statements include the accounts of the Company. All intercompany balances and transactions have been eliminated in consolidation.
Fiscal Year	Fiscal Year —The Company’s fiscal year is a 52- or 53-week period that ends on the Sunday closest to the last day of December. Fiscal year 2022 is a 52-week period that ends December 25, 2022 and fiscal year 2021 was a 52-week period that ended December 26, 2021. In a 52-week fiscal year, each quarter includes 13 weeks of operations. In a 53-week fiscal year, the first, second and third quarters each include 13 weeks of operations, and the fourth quarter includes 14 weeks of operations.
Management’s Use of Estimates	Management’s Use of Estimates —The condensed consolidated financial statements have been prepared by the Company in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and the rules and regulations of the SEC. The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect certain reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Significant accounting estimates made by the Company include the income tax valuation allowance, impairment of long-lived assets,closed-store costs, legal liabilities, fair value of contingent consideration, intangible assets acquired in business combinations, goodwill and stock-based compensation. These estimates are based on information available as of the date of the condensed consolidated financial statements; therefore, actual results could differ from those estimates, including those resulting from the impact of COVID-19.
Fair Value of Financial Instruments	Fair Value of Financial Instruments —The fair value measurement accounting guidance creates a fair value hierarchy to prioritize the inputs used to measure fair value into three categories. A financial instrument’s level within the fair value hierarchy is based on the lowest level of input significant to the fair value measurement, where Level 1 is the highest category (observable inputs) and Level 3 is the lowest category (unobservable inputs). The three levels are defined as follows: Level 1 —Quoted prices for identical instruments in active markets. Level 2 —Quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active and model-derived valuations in which significant value drivers are observable. Level 3 —Unobservable inputs for the asset or liability. This includes certain pricing models, discounted cash flow methodologies and similar techniques that use significant unobservable inputs. The carrying amount of accounts receivable, tenant improvement allowance receivable, other current assets, accounts payable, accrued payroll and accrued expenses approximates fair value due to the short-term maturity of these financial instruments. The Company’s contingent consideration is carried at fair value determined using Level 3 inputs in the fair value. For further details see Note 3. Certain assets and liabilities are measured at fair value on a nonrecurring basis. In other words, the instruments are not measured at fair value on an ongoing basis but are subject to fair value adjustments only in certain circumstances (for example, when there is evidence of impairment). For further details see Note 3.
Impairment of Long-Lived Assets and Closed-Store Costs	Impairment of Long-Lived Assets and Closed-Store Costs — Long-lived assets are reviewed for recoverability at the lowest level in which there are identifiable cash flows (“asset group”). The asset group is at the store-level for restaurant assets and the corporate-level for corporate assets. The carrying amount of a store asset group includes stores’ property and equipment, primarily leasehold improvements. Long-lived assets, including property and equipment and internally developed software, are reviewed by management for impairment whenever events or changes in circumstances indicate that the carrying amount of the asset may not be fully recoverable. When events or circumstances indicate that impairment may be present, management evaluates the probability that future undiscounted net cash flows received will be less than the carrying amount of the asset group. If projected future undiscounted cash flows are less than the carrying value of an asset group, then such assets are written down to their fair values. The Company uses a discounted cash flows model to measure the fair value of an asset group. An impairment charge will be recognized in the amount by which the carrying amount of the store asset group exceeds its fair value. A number of significant assumptions and estimates are involved in the application of the model to forecast operating cash flows, which are largely unobservable inputs and, accordingly, are classified as Level 3 inputs within the fair value hierarchy. Assumptions used in these forecasts are consistent with internal planning, and include sales growth rates, gross margins, and operating expense in relation to the current economic environment and the Company’s future expectations, competitive factors in its various markets, inflation, sales trends and other relevant economic factors that may impact the store under evaluation. There is uncertainty in the projected undiscounted future cash flows used in the Company’s impairment review analysis, which requires the use of estimates and assumptions. If actual performance does not achieve the projections, or if the assumptions used change in the future, the Company may be required to recognize impairment charges in future periods, and such charges could be material. The Company determined that triggering events, primarily related to the impact of changing customer behavior trends, including during the COVID-19 pandemic and as a result of inflation, on the Company’s near-term restaurant level cash flow forecasts, occurred for certain restaurants during the twenty-six weeks ended June 26, 2022 and June 27, 2021 that required an impairment review of the Company’s long-lived assets. Based on the results of this analysis, the Company did not record any non-cash impairment charges. Closed-store costs include non-cash restaurant charges, such as up-front expensing of the net present value of unpaid rent remaining on the life of a lease, offset by assumed sublease income. During the thirteen weeks ended June 26, 2022, we closed one store operated by Spyce Food Co. (“Spyce”), which was fully impaired in a prior period. This closure resulted in closed-store costs expense of $0.2 million recorded within closed-store costs within the consolidated statement of operations.
Business Combinations	Business Combinations —The Company utilizes the acquisition method of accounting in any acquisitions or business combinations. The acquisition method of accounting requires companies to assign values to assets and liabilities acquired based upon their fair values at the acquisition date. In most instances, there are not readily defined or listed market prices for individual assets and liabilities acquired in connection with a business, including intangible assets. The determination of fair value for assets and liabilities in many instances requires a high degree of estimation. The valuation of intangible assets, in particular, is very subjective. The Company generally obtains third-party valuations to assist it in estimating fair values. The use of different valuation techniques and assumptions could change the amounts and useful lives assigned to the assets and liabilities acquired and related amortization expense. Total research and development cost associated with the Spyce acquisition was $3.3 million and $4.7 million for the thirteen and twenty-six weeks ended June 26, 2022 and recorded within general and administrative cost in the Company’s accompanying condensed consolidated statement of operations. Contingent Consideration - Due to certain conversion features, the contingent consideration issued as part of the Spyce acquisition (see Note 6 for further details) is considered a liability in accordance with ASC 480. The liability associated with the contingent consideration is initially recorded at fair value (see Note 3 for further details) upon the issuance date and is subsequently re-measured to fair value at each reporting date. The initial fair value of the liability for the contingent consideration was $16.4 million and was included as part of the purchase price for the Spyce acquisition. The fair value of the liability as of June 26, 2022 was $18.6 million.
Cash and Cash Equivalents	Cash and Cash Equivalents—The Company considers all highly liquid investments with a maturity of three months or less at the time of purchase to be cash equivalents. Amounts receivable from credit card processors are converted to cash shortly after the related sales transaction and are considered to be cash equivalents because they are both short-term and highly liquid in nature.
Restricted Cash	Restricted Cash —The Company’s restricted cash balance relates to certificates of deposit that are collateral for letters of credit to lease agreements entered into by the Company.
Concentrations of Risk	Concentrations of Risk—The Company maintains cash balances at several financial institutions located in the United States. The cash balances may, at times, exceed federally insured limits.
Deferred Costs	Deferred Costs —Deferred costs primarily consist of capitalized implementation costs from cloud computing arrangements in relation to a new enterprise resource planning system. These costs amounted to $3.4 million as of June 26, 2022 and are recorded within other current assets in the condensed consolidated balance sheets. Prior to the Company’s initial public offering (the “IPO”), deferred costs also included direct incremental legal, consulting, accounting, and other fees relating to the sale of the Company’s Class A Common Stock which were reclassified into stockholder’s deficit as a reduction of IPO proceeds upon offering.
Recently Issued Accounting Pronouncements Not Yet Adopted	Recently Issued Accounting Pronouncements Not Yet Adopted — As noted above, the Company will lose its emerging growth company status on December 25, 2022, at which point, the Company will adopt all accounting pronouncements currently deferred under the emerging growth company election according to public company standards on the Company’s Annual Report on Form 10-K for the fiscal year ended December 25, 2022. See effective dates of these standards below. In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-02, Leases . This update requires lessees to recognize in the condensed consolidated balance sheet assets and liabilities for leases with lease terms of more than 12 months. Consistent with current GAAP, the recognition, measurement, and presentation of expenses and cash flows arising from a lease by a lessee primarily will depend on its classification as a finance or operating lease. However, unlike current GAAP—which requires only capital leases to be recognized in the condensed consolidated balance sheet—the new ASU will require both types of leases to be recognized by a lessee in the condensed consolidated balance sheet. In June 2020, the FASB issued ASU No. 2020-05 which delayed the effective date to fiscal years beginning after December 15, 2021, and interim periods within fiscal years beginning after December 15, 2022. Early application is permitted. The ASU will be adopted for the annual period beginning December 27, 2021, and the first presentation of the application of ASC 842, Leases, will be presented in the Company’s annual consolidated financial statements for fiscal year 2022 included within the Company’s 2022 Annual Report on Form 10-K. The Company plans on electing the optional transition method to apply the standard as of the effective date and therefore, will not apply the standard to the comparative periods presented in its financial statements, and is still evaluating any potential cumulative-effect adjustment to retained earnings related to impairment of any right-of-use assets and reassessment of previously recorded initial direct costs. The Company does not plan on electing the package of three practical expedients, and thus will reassess all contracts for lease identification, lease classification and initial direct costs. The Company anticipates there will be no change related to lease identification or lease classification and the reassessment of initial direct costs will result in a cumulative-effect adjustment in retained earnings of approximately $4.0 million to $5.0 million, related to previously capitalized legal fees that will no longer meet the definition of initial direct costs under the new standard. The Company will also not elect the hindsight practical expedient, which permits the use of hindsight when determining lease term and impairment of right-of-use assets. Further, the Company will elect a short-term lease exception policy, permitting it to not apply the recognition requirements of this standard to short-term leases (i.e. leases with terms of 12 months or less) and an accounting policy to account for lease and non-lease components as a single component for all real property leases. The Company is finalizing the impact of this standard on our accounting policies, processes, and internal controls over financial reporting, as well as upgrades to its existing lease system. While the Company is still evaluating this ASU, the Company has determined that the primary impact will be to recognize in the consolidated balance sheets all operating leases with lease terms greater than 12 months. It is expected that this ASU will have a material impact on the Company’s condensed consolidated balance sheet as it will record assets and obligations related to all of its operating and corporate office leases. The Company expects to record on its consolidated balance sheets operating lease liabilities of approximately $295 million to $345 million based on the present value of the remaining minimum rental payments using discount rates as of the effective date.The Company also expects to record corresponding right-of-use assets of approximately $240 million to $290 million, based upon the operating lease liability, adjusted for prepaid and deferred rent, unamortized initial direct costs, liabilities associated lease termination costs and impairment of right-of-use assets recognized in retained earnings, if applicable. As the Company’s fiscal year 2022 Form 10-Qs are currently under ASC 840, when it adopts this standard within its fiscal year 2022 Form 10-K the Company anticipates recognizing an additional $1.5 million to $2.5 million for the entire fiscal year 2022, of general and administrative expenses within its consolidated statement of operations, associated to the exclusion of lease related legal fees as initial direct costs, which are currently deferred within lease acquisition costs and recognized over the life of the lease. The Company does not expect any significant impact on its condensed consolidated statement of operations or condensed consolidated statement of cash flows. Additionally, the Company is in the process of evaluating the expanded disclosure requirements related to this ASU. In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (“ASU 2016-13”). The amendments in ASU 2016-13 provide amended guidance for estimating credit losses on certain types of financial instruments based on expected losses and the timing of the recognition of such losses. Expanded disclosures related to the methods used to estimate the losses are also required. In connection with the loss of its emerging growth company status, this standard will be adopted for the annual period beginning December 27, 2021, and the first presentation of the application will be presented in the Company’s annual consolidated financial statements for fiscal year 2022 included within the Company’s 2022 Annual Report on Form 10-K. The application of ASU 2018-07 is not expected to have a material impact on the Company’s condensed consolidated financial statements and related disclosures.

DESCRIPTION OF BUSINESS AND S_3

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	6 Months Ended
	Jun. 26, 2022
Accounting Policies [Abstract]
Schedule of Cash and Cash Equivalents	The reconciliation of cash and cash equivalents and restricted cash presented in the Company’s accompanying condensed consolidated balance sheets to the total amount shown in its condensed consolidated statements of cash flows is as follows: (dollar amounts in thousands) As of June 26, As of December 26, Reconciliation of cash, cash equivalents and restricted cash: Cash and cash equivalents $ 406,976 $ 471,971 Restricted cash, noncurrent 219 328 Total cash, cash equivalents and restricted cash shown on statement of cash flows $ 407,195 $ 472,299
Schedule of Restricted Cash	The reconciliation of cash and cash equivalents and restricted cash presented in the Company’s accompanying condensed consolidated balance sheets to the total amount shown in its condensed consolidated statements of cash flows is as follows: (dollar amounts in thousands) As of June 26, As of December 26, Reconciliation of cash, cash equivalents and restricted cash: Cash and cash equivalents $ 406,976 $ 471,971 Restricted cash, noncurrent 219 328 Total cash, cash equivalents and restricted cash shown on statement of cash flows $ 407,195 $ 472,299

REVENUE RECOGNITION (Tables)

REVENUE RECOGNITION (Tables)	6 Months Ended
	Jun. 26, 2022
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Revenue by Significant Revenue Channel	The following table presents the Company’s revenue for the thirteen and twenty-six weeks ended June 26, 2022 and June 27, 2021 disaggregated by significant revenue channel: Thirteen weeks ended Twenty-six weeks ended (dollar amounts in thousands) June 26, June 27, June 26, June 27, Owned Digital Channels $ 50,473 $ 40,934 $ 94,397 $ 73,562 In-Store Channel (Non-Digital component) 47,871 27,437 82,317 41,661 Marketplace Channel 26,574 17,841 50,795 32,381 Total Revenue $ 124,918 $ 86,212 $ 227,509 $ 147,604
Schedule of Gift Card Liability Included in Gift Card and Loyalty Liability	Gift card liability included in gift card and loyalty liability within the accompanying condensed consolidated balance sheet was as follows: (dollar amounts in thousands) As of June 26, As of December 26, Gift Card Liability $ 1,640 $ 1,839 Revenue recognized from the redemption of gift cards that was included in gift card and loyalty liability at the beginning of the year was as follows: Thirteen weeks ended Twenty-six weeks ended (dollar amounts in thousands) June 26, June 27, June 26, June 27, Revenue recognized from gift card liability balance at the beginning of the year $ 66 $ 48 $ 319 $ 179 sweetgreen Rewards Changes in sweetgreen Rewards liability included in gift card and loyalty liability within the accompanying condensed consolidated bala nce sheet was as follows: Twenty-six weeks ended (dollar amounts in thousands) June 26, June 27, sweetgreen Rewards liability, beginning balance $ — $ 943 Revenue deferred — 1,701 Revenue recognized — (2,644) sweetgreen Rewards liability, ending balance $ — $ —

FAIR VALUE (Tables)

FAIR VALUE (Tables)	6 Months Ended
	Jun. 26, 2022
Fair Value Disclosures [Abstract]
Schedule of Financial Liabilities Measured at Fair Value	The following tables present information about the Company’s financial liabilities measured at fair value on a recurring basis: Fair Value Measurements as of June 26, 2022 Fair Value Measurements as of December 26, 2021 Total Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 (dollar amounts in thousands) Contingent consideration 18,625 — — 18,625 20,477 — — 20,477 Total $ 18,625 $ — $ — $ 18,625 $ 20,477 $ — $ — $ 20,477
Schedule of Fair Values Roll Forward of Contingent Consideration	The following table provides a roll forward of the aggregate fair values of the Company’s contingent consideration, for which fair value is determined using Level 3 inputs. (dollar amounts in thousands) Contingent Consideration Balance—December 26, 2021 $ 20,477 Change in fair value (1,852) Balance—June 26, 2022 $ 18,625

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	6 Months Ended
	Jun. 26, 2022
Property, Plant and Equipment [Abstract]
Summary of Property and Equipment	A summary of property and equipment is as follows: (dollar amounts in thousands) As of June 26, As of December 26, Furniture and fixtures $ 29,877 $ 26,168 Computers and other equipment 26,658 22,890 Kitchen equipment 53,990 47,911 Leasehold improvements 191,196 167,362 Assets not yet placed in service 31,341 21,981 Total property and equipment 333,062 286,312 Less: accumulated depreciation (123,577) (105,646) Property and equipment, net $ 209,485 $ 180,666

GOODWILL AND INTANGIBLE ASSET_2

GOODWILL AND INTANGIBLE ASSETS, NET (Tables)	6 Months Ended
	Jun. 26, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Asset, Net	The following table presents the Company’s intangible assets, net balances: (dollar amounts in thousands) As of June 26, As of December 26, Internal use software $ 28,406 $ 26,122 Developed technology 20,050 20,050 Total intangible assets 48,456 46,172 Accumulated amortization (17,093) (13,304) Intangible assets, net $ 31,363 $ 32,868
Schedule of Estimated Amortization of Internal Use Software	Estimated amortization of internal use software for each of the next five years is as follows: (dollar amounts in thousands) 2022 $ 3,657 2023 5,066 2024 2,427 2025 163 2026 —

BUSINESS ACQUISITION (Tables)

BUSINESS ACQUISITION (Tables)	6 Months Ended
	Jun. 26, 2022
Business Combination and Asset Acquisition [Abstract]
Recognized Identified Assets Acquired and Liabilities Assumed	Accordingly, the allocation is subject to change and the impact of such changes may be material (in thousands): Fair value of assets acquired As of September 7, Restricted cash 203 Property and equipment, net 707 Other assets 660 Developed technology 20,050 Goodwill 29,695 Total assets acquired $ 51,315 Fair value of liabilities assumed Other liabilities 628 Total liabilities assumed $ 628 Total identifiable net assets $ 50,687 Fair value of consideration Cash consideration, net of cash acquired 2,762 Closing third party expenses 781 Equity consideration 30,704 Contingent equity consideration 16,440 Total consideration $ 50,687
Schedule of Fair Consideration	Accordingly, the allocation is subject to change and the impact of such changes may be material (in thousands): Fair value of assets acquired As of September 7, Restricted cash 203 Property and equipment, net 707 Other assets 660 Developed technology 20,050 Goodwill 29,695 Total assets acquired $ 51,315 Fair value of liabilities assumed Other liabilities 628 Total liabilities assumed $ 628 Total identifiable net assets $ 50,687 Fair value of consideration Cash consideration, net of cash acquired 2,762 Closing third party expenses 781 Equity consideration 30,704 Contingent equity consideration 16,440 Total consideration $ 50,687
Supplemental Unaudited Pro Forma Information	The following unaudited pro forma summary presents consolidated information of the Company as if the business acquisition occurred on December 28, 2020. Thirteen weeks ended Twenty-six weeks ended (dollar amounts in thousands) June 27, June 27, Revenue $ 86,522 $ 148,073 Net loss attributable to Sweetgreen, Inc. $ (27,401) $ (58,345)

ACCRUED EXPENSES (Tables)

ACCRUED EXPENSES (Tables)	6 Months Ended
	Jun. 26, 2022
Payables and Accruals [Abstract]
Schedule of Accrued Expenses	Accrued expenses consist of the following: (dollar amounts in thousands) As of June 26, As of December 26, Rent deferrals $ 1,728 $ 2,547 Accrued general and sales tax 3,567 3,115 Accrued delivery fee 1,254 778 Accrued settlements and legal fess 1,087 2,156 Other accrued expenses 7,796 7,742 Total accrued expenses $ 15,432 $ 16,338

COMMON STOCK (Tables)

COMMON STOCK (Tables)	6 Months Ended
	Jun. 26, 2022
Equity [Abstract]
Schedule of Reserved Shares of Common Stock For Issuance	As of June 26, 2022 and December 26, 2021, the Company had reserved shares of common stock for issuance in conn ection with the following: As of June 26, As of December 26, Options outstanding under the 2009 Stock Plan, 2019 Equity Incentive Plan, Spyce Food Co. 2016 Stock Option Plan and Grant Plan and 2021 Equity Incentive Plan 13,635,836 13,773,414 Shares reserved for achievement of Spyce milestones 714,285 714,285 Shares reserved for employee stock purchase plan 3,000,000 3,000,000 RSUs and PSUs outstanding under the 2019 Equity Incentive Plan and 2021 Equity Incentive Plan 9,238,512 9,013,854 Shares available for future issuance under the 2019 Equity Incentive Plan and 2021 Equity Incentive Plan 11,392,585 12,159,177 Total reserved shares of common stock 37,981,218 38,660,730

STOCK - BASED COMPENSATION (Tab

STOCK - BASED COMPENSATION (Tables)	6 Months Ended
	Jun. 26, 2022
Share-Based Payment Arrangement [Abstract]
Summary of Stock Option Activity	The following table summarizes the Company’s stock option activity for the twenty-six weeks ended June 26, 2022 and June 27, 2021: (dollar amounts in thousands except per share amounts) Number of Shares Weighted Average Exercise Price Per Share Weighted-Average Remaining Contractual Term (In Years) Aggregate Intrinsic Value Balance—December 26, 2021 13,773,414 $ 6.87 7.42 $ 337,269 Options granted 578,865 23.75 Options exercised (560,610) 5.22 Options forfeited (130,590) 12.24 Options expired (25,243) 5.85 Balance—June 26, 2022 13,635,836 $ 7.61 7.21 $ 84,673 Exercisable—June 26, 2022 8,824,027 $ 5.35 6.35 $ 70,585 Vested and expected to vest—June 26, 2022 13,635,836 $ 7.61 7.21 $ 84,673 (dollar amounts in thousands except per share amounts) Number of Shares Weighted Average Exercise Price Per Share Weighted-Average Remaining Contractual Term (In Years) Aggregate Intrinsic Value Balance—December 27, 2020 14,612,730 $ 4.27 6.34 $ 15,204 Options granted 4,477,360 10.76 Options exercised (904,159) 4.15 Options forfeited (196,175) 6.09 Options expired (75,535) 5.87 Balance—June 27, 2021 17,914,221 $ 6.12 7.07 $ 71,852 Exercisable—June 27, 2021 5,044,682 $ 3.00 4.79 $ 39,244 Vested and expected to vest—June 27, 2021 17,914,221 $ 6.12 7.07 $ 71,852
Summary of Restricted Stock Units Activity	The following table summarizes the Company’s RSU activity for the twenty-six weeks ended June 26, 2022: (dollar amounts in thousands except per share amounts) Number of Shares Weighted-Average Grant Date Fair Value Balance—December 26, 2021 2,392,426 $ 24.18 Granted 439,764 22.45 Released (57,084) 19.65 Forfeited, cancelled, or expired (158,022) 27.41 Balance— June 26, 2022 2,617,084 $ 23.86
Summary of Stock-based Compensation Expense	A summary of stock-based compensation expense recognized during the thirteen and twenty-six weeks ended June 26, 2022 and June 27, 2021 is as follows: Thirteen weeks ended Twenty-six weeks ended (dollar amounts in thousands) June 26, June 27, June 26, June 27, Stock-options $ 2,567 $ 1,877 $ 5,099 $ 3,099 Restricted stock units 11,592 — 22,176 — Performance stock units 9,048 — 18,097 — Total stock-based compensation $ 23,207 $ 1,877 $ 45,372 $ 3,099

NET LOSS PER SHARE (Tables)

NET LOSS PER SHARE (Tables)	6 Months Ended
	Jun. 26, 2022
Earnings Per Share [Abstract]
Schedule of Computation of Net Loss Per Common Share	The following table sets forth the computation of net loss per common share: Thirteen weeks ended Twenty-six weeks ended June 26, June 27, June 26, June 27, (dollar amounts in thousands) Numerator: Net loss $ (40,033) $ (26,883) $ (89,233) $ (56,928) Denominator: Weighted-average common shares outstanding—basic and diluted 109,679,467 17,359,717 109,575,841 17,162,245 Earnings per share—basic and diluted $ (0.36) $ (1.55) $ (0.81) $ (3.32)
Schedule of Anti-dilutive Shares Excluded	The Company excluded the following potential common shares, presented based on amounts outstanding at each period end, from the computation of diluted net loss per share for the periods indicated because including them would have had an anti-dilutive effect: Thirteen weeks ended Twenty-six weeks ended June 26, June 27, June 26, June 27, Options to purchase common stock 13,635,836 17,986,254 13,635,836 17,986,254 Preferred stock — 71,466,912 — — 71,466,912 Time-based vesting restricted stock units 2,617,084 — 2,617,084 — Performance stock units 6,621,428 — 6,621,428 — Contingently issuable stock 714,285 — 714,285 — Total common stock equivalents 23,588,633 89,453,166 23,588,633 89,453,166

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	6 Months Ended
	Jun. 26, 2022
Commitments and Contingencies Disclosure [Abstract]
Schedule of Contractual Obligation	Future minimum lease payments under non-cancelable operating leases subsequent to June 26, 2022 are as follows (in thousands): (dollar amounts in thousands) Total 2022 2023 2024 2025 2026 Thereafter Operating Leases $ 436,724 $ 24,130 $ 50,297 $ 52,250 $ 52,104 $ 50,178 $ 207,765 Purchase obligations (1) $ 2,871 $ 2,871 $ — $ — $ — $ — $ — (1) Purchase obligations include agreements to purchase goods or services that are enforceable and legally binding on us and that specify all significant terms. The majority of our purchase obligations relate to amounts owed for supplies within our restaurants.

DESCRIPTION OF BUSINESS AND S_4

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Narrative (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 26, 2022 USD ($) state restaurant store	Jun. 27, 2021 USD ($)	Jun. 26, 2022 USD ($) state segment restaurant	Jun. 27, 2021 USD ($)	Dec. 26, 2021 USD ($)
Change in Accounting Estimate [Line Items]
Number of restaurants | restaurant	166		166
Number of states | state	13		13
Number of restaurants opened | restaurant	8		16
Operating segments | segment			1
Reportable segments | segment			1
Stores closed | store	1
Closed-store costs	$ 200		$ 152	$ 0
Contingent consideration liability fair value	18,625		18,625		$ 20,477
Accounts receivable	3,513		3,513		2,644
Federal deposit insurance corporation (up to)			300
Deferred costs	3,400		3,400
General and administrative	51,262	$ 26,081	100,934	$ 49,462
Minimum | Cumulative Effect, Period of Adoption, Adjustment | Pro Forma
Change in Accounting Estimate [Line Items]
Operating lease liabilities	295,000		295,000
Right-of-use assets	240,000		240,000
General and administrative			1,500
Minimum | Accumulated Deficit | Cumulative Effect, Period of Adoption, Adjustment | Pro Forma
Change in Accounting Estimate [Line Items]
Cumulative-effect adjustment	4,000		4,000
Maximum | Cumulative Effect, Period of Adoption, Adjustment | Pro Forma
Change in Accounting Estimate [Line Items]
Operating lease liabilities	345,000		345,000
Right-of-use assets	290,000		290,000
General and administrative			2,500
Maximum | Accumulated Deficit | Cumulative Effect, Period of Adoption, Adjustment | Pro Forma
Change in Accounting Estimate [Line Items]
Cumulative-effect adjustment	$ 5,000		$ 5,000
Geographic | Revenue | New York City metropolitan area
Change in Accounting Estimate [Line Items]
Concentration risk percentage	33%	33%	32%	32%
Credit card processors
Change in Accounting Estimate [Line Items]
Accounts receivable	$ 2,100		$ 2,100		$ 1,100
Spyce
Change in Accounting Estimate [Line Items]
Research and development cost	3,300		4,700
Contingent consideration liability	16,400		16,400
Contingent consideration liability fair value	$ 18,600		$ 18,600

DESCRIPTION OF BUSINESS AND S_5

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Reconciliation of Cash and Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Thousands	Jun. 26, 2022	Dec. 26, 2021	Jun. 27, 2021	Dec. 27, 2020
Reconciliation of cash, cash equivalents and restricted cash:
Cash and cash equivalents	$ 406,976	$ 471,971
Restricted cash, noncurrent	219	328
Total cash, cash equivalents and restricted cash shown on statement of cash flows	$ 407,195	$ 472,299	$ 149,686	$ 102,765

REVENUE RECOGNITION - Disaggreg

REVENUE RECOGNITION - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 26, 2022	Jun. 27, 2021	Jun. 26, 2022	Jun. 27, 2021
Disaggregation of Revenue [Line Items]
Total Revenue	$ 124,918	$ 86,212	$ 227,509	$ 147,604
Owned Digital Channels | Direct
Disaggregation of Revenue [Line Items]
Total Revenue	50,473	40,934	94,397	73,562
In-Store Channel (Non-Digital component) | Direct
Disaggregation of Revenue [Line Items]
Total Revenue	47,871	27,437	82,317	41,661
Marketplace Channel | 3rd party
Disaggregation of Revenue [Line Items]
Total Revenue	$ 26,574	$ 17,841	$ 50,795	$ 32,381

REVENUE RECOGNITION - Schedule

REVENUE RECOGNITION - Schedule of Contract with Customer, Contract Asset, Contract Liability, and Receivable (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 26, 2022	Jun. 27, 2021	Jun. 26, 2022	Jun. 27, 2021	Dec. 26, 2021
Disaggregation of Revenue [Line Items]
Gift Card Liability	$ 1,640		$ 1,640		$ 1,839
Gift Cards
Disaggregation of Revenue [Line Items]
Gift Card Liability	1,640		1,640		$ 1,839
Revenue recognized from gift card liability balance at the beginning of the year	66	$ 48	319	$ 179
Sweetgreen Rewards
Contract With Customer, Liability [Roll Forward]
sweetgreen Rewards liability, beginning balance			0	943
Revenue deferred			0	1,701
Revenue recognized			0	(2,644)
sweetgreen Rewards liability, ending balance	$ 0	$ 0	$ 0	$ 0

FAIR VALUE - Schedule of Financ

FAIR VALUE - Schedule of Financial Liabilities Measured at Fair Value (Details) - Recurring - USD ($) $ in Thousands	Jun. 26, 2022	Dec. 26, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent consideration	$ 18,625	$ 20,477
Total	18,625	20,477
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent consideration	0	0
Total	0	0
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent consideration	0	0
Total	0	0
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent consideration	18,625	20,477
Total	$ 18,625	$ 20,477

FAIR VALUE - Narrative (Details

FAIR VALUE - Narrative (Details)	Sep. 07, 2021 milestone $ / shares shares
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Performance based milestone targets | milestone	3
IPO
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Shares issued (in dollars per share) | $ / shares	$ 28
Spyce
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Additional shares issued (in shares) | shares	714,285

FAIR VALUE - Schedule of Fair V

FAIR VALUE - Schedule of Fair Values Roll Forward of Contingent Consideration (Details) - Level 3 - Contingent consideration $ in Thousands	6 Months Ended
	Jun. 26, 2022 USD ($)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning Balance	$ 20,477
Change in fair value	(1,852)
Ending Balance	$ 18,625

PROPERTY AND EQUIPMENT - Summar

PROPERTY AND EQUIPMENT - Summary of Property and Equipment (Details) - USD ($) $ in Thousands	Jun. 26, 2022	Dec. 26, 2021
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 333,062	$ 286,312
Less: accumulated depreciation	(123,577)	(105,646)
Property and equipment, net	209,485	180,666
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Total property and equipment	29,877	26,168
Computers and other equipment
Property, Plant and Equipment [Line Items]
Total property and equipment	26,658	22,890
Kitchen equipment
Property, Plant and Equipment [Line Items]
Total property and equipment	53,990	47,911
Leasehold improvements
Property, Plant and Equipment [Line Items]
Total property and equipment	191,196	167,362
Assets not yet placed in service
Property, Plant and Equipment [Line Items]
Total property and equipment	$ 31,341	$ 21,981

PROPERTY AND EQUIPMENT - Narrat

PROPERTY AND EQUIPMENT - Narrative (Details) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 26, 2022 USD ($)	Jun. 27, 2021 USD ($)	Jun. 26, 2022 USD ($) facility	Jun. 27, 2021 USD ($)	Dec. 26, 2021 facility
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 9,400	$ 6,900	$ 18,200	$ 13,500
Loss on fixed asset disposal	$ 11	$ 5	$ 19	$ 56
Number of facilities under construction | facility			23		13

GOODWILL AND INTANGIBLE ASSET_3

GOODWILL AND INTANGIBLE ASSETS, NET - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 26, 2022	Jun. 27, 2021	Jun. 26, 2022	Jun. 27, 2021	Dec. 26, 2021
Indefinite-lived Intangible Assets [Line Items]
Goodwill	$ 35,970		$ 35,970		$ 35,970
Amortization expense for intangible assets	$ 1,900	$ 1,500	$ 3,800	$ 2,800
Developed technology
Indefinite-lived Intangible Assets [Line Items]
Useful life			5 years

GOODWILL AND INTANGIBLE ASSET_4

GOODWILL AND INTANGIBLE ASSETS, NET - Intangible Asset, Net (Details) - USD ($) $ in Thousands	Jun. 26, 2022	Dec. 26, 2021
Indefinite-lived Intangible Assets [Line Items]
Total intangible assets	$ 48,456	$ 46,172
Accumulated amortization	(17,093)	(13,304)
Intangible assets, net	31,363	32,868
Internal use software
Indefinite-lived Intangible Assets [Line Items]
Total intangible assets	28,406	26,122
Developed technology
Indefinite-lived Intangible Assets [Line Items]
Total intangible assets	$ 20,050	$ 20,050

GOODWILL AND INTANGIBLE ASSET_5

GOODWILL AND INTANGIBLE ASSETS, NET - Estimated Amortization of Internal Use Software (Details) $ in Thousands	Jun. 26, 2022 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2022	$ 3,657
2023	5,066
2024	2,427
2025	163
2026	$ 0

BUSINESS ACQUISITION - Narrativ

BUSINESS ACQUISITION - Narrative (Details) - Spyce $ in Millions	Sep. 07, 2021 USD ($) shares
Business Acquisition [Line Items]
Percent of acquired stock	100%
Certain indebtedness and transaction expenses | $	$ 3.5
Additional shares issued (in shares) | shares	714,285
Class S Shares
Business Acquisition [Line Items]
Equity interest issued (in shares) | shares	1,843,493
Equity interest issued | $	$ 37.5
Post business combination compensation expense | $	$ 6.8
Converted common stock (in shares) | shares	1,316,763

BUSINESS ACQUISITION - Purchase

BUSINESS ACQUISITION - Purchase Price Allocation and Estimated Transaction Costs (Details) - USD ($) $ in Thousands	Sep. 07, 2021	Jun. 26, 2022	Dec. 26, 2021
Fair value of assets acquired
Goodwill		$ 35,970	$ 35,970
Spyce
Fair value of assets acquired
Restricted cash	$ 203
Property and equipment, net	707
Other assets	660
Developed technology	20,050
Goodwill	29,695
Total assets acquired	51,315
Fair value of liabilities assumed
Other liabilities	628
Total liabilities assumed	628
Total identifiable net assets	50,687
Fair value of consideration
Cash consideration, net of cash acquired	2,762
Closing third party expenses	781
Equity consideration	30,704
Contingent equity consideration	16,440
Total consideration	$ 50,687

BUSINESS ACQUISITION - Suppleme

BUSINESS ACQUISITION - Supplemental Unaudited Pro Forma Information (Details) - Spyce - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 27, 2021	Jun. 27, 2021
Business Acquisition [Line Items]
Revenue	$ 86,522	$ 148,073
Net loss attributable to Sweetgreen, Inc.	$ (27,401)	$ (58,345)

ACCRUED EXPENSES - Schedule of

ACCRUED EXPENSES - Schedule of Accrued Expenses (Details) - USD ($) $ in Thousands	Jun. 26, 2022	Dec. 26, 2021
Payables and Accruals [Abstract]
Rent deferrals	$ 1,728	$ 2,547
Accrued general and sales tax	3,567	3,115
Accrued delivery fee	1,254	778
Accrued settlements and legal fess	1,087	2,156
Other accrued expenses	7,796	7,742
Total accrued expenses	$ 15,432	$ 16,338

DEBT - Narrative (Details)

DEBT - Narrative (Details) - USD ($)		3 Months Ended		6 Months Ended
	Dec. 14, 2020	Jun. 26, 2022	Jun. 27, 2021	Jun. 26, 2022	Jun. 27, 2021	May 09, 2022	Dec. 26, 2021
Debt Instrument [Line Items]
Unamortized loan origination fees (less than)		$ 100,000		$ 100,000			$ 100,000
Interest expense (less than)		100,000	$ 100,000	100,000	$ 100,000
Revolving Credit Facility | Line of Credit
Debt Instrument [Line Items]
Borrowing capacity	$ 35,000,000
Floor rate	3.75%
Outstanding balance		$ 0		$ 0			$ 0
Revolving Credit Facility | Line of Credit | London Interbank Offered Rate
Debt Instrument [Line Items]
Adjustable rate	2.90%
Delayed Draw Term Loan Facility | Revolving Credit Facility | Line of Credit
Debt Instrument [Line Items]
Borrowing capacity	$ 10,000,000
2020 Credit Facility | Letter of Credit | Line of Credit
Debt Instrument [Line Items]
Borrowing capacity						$ 1,500,000
2020 Credit Facility | Standby Letters of Credit | Line of Credit
Debt Instrument [Line Items]
Borrowing capacity						$ 950,000

COMMON STOCK (Details)

COMMON STOCK (Details) - shares	Jun. 26, 2022	Dec. 26, 2021
Class of Stock [Line Items]
Total reserved shares of common stock	37,981,218	38,660,730
Shares available for future issuance under the 2019 Equity Incentive Plan and 2021 Equity Incentive Plan
Class of Stock [Line Items]
Total reserved shares of common stock	11,392,585	12,159,177
Shares reserved for achievement of Spyce milestones
Class of Stock [Line Items]
Total reserved shares of common stock	714,285	714,285
Stock Options
Class of Stock [Line Items]
Total reserved shares of common stock	13,635,836	13,773,414
Employee Stock
Class of Stock [Line Items]
Total reserved shares of common stock	3,000,000	3,000,000
Restricted Stock Units And Performance Share Units
Class of Stock [Line Items]
Total reserved shares of common stock	9,238,512	9,013,854

STOCK - BASED COMPENSATION - Na

STOCK - BASED COMPENSATION - Narrative (Details) $ / shares in Units, $ in Thousands			1 Months Ended	3 Months Ended		6 Months Ended
	Nov. 23, 2021 performance_based_milestone_target shares	Sep. 07, 2021 milestone	Oct. 31, 2021 shares	Jun. 26, 2022 USD ($) shares	Jun. 27, 2021 USD ($)	Jun. 26, 2022 USD ($) $ / shares shares	Jun. 27, 2021 USD ($) $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation | $				$ 23,207	$ 1,877	$ 45,372	$ 3,099
Weighted average grant date fair value of options (in dollars per share) | $ / shares						$ 10.57	$ 4.56
Options granted (in shares)						578,865	4,477,360
Performance based milestone targets | milestone		3
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation | $				2,567	1,877	$ 5,099	$ 3,099
Unrecognized compensation expense | $				25,300		$ 25,300
Expected period for recognition						2 years 3 months 25 days
PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation | $				9,048	0	$ 18,097	0
Unrecognized compensation expense | $				78,700		$ 78,700
Expected period for recognition						2 years 5 months 23 days
Shares granted (in shares)			6,300,000			0
New shares issued (in shares)	321,428
Performance based milestone targets | performance_based_milestone_target	3
PSUs | Founder One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted (in shares)			2,100,000
PSUs | Founder Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted (in shares)			2,100,000
PSUs | Founder Three
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares granted (in shares)			2,100,000
PSUs | Spyce
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation | $				800		$ 1,700
Unrecognized compensation expense | $				9,800		9,800
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation | $				11,592	$ 0	22,176	$ 0
Unrecognized compensation expense | $				$ 45,500		$ 45,500
Expected period for recognition						1 year 6 months 29 days
Shares granted (in shares)						439,764	0
Fair value of shares earned | $						$ 1,300
2021 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum number of common stock authorized for issuance (in shares)				35,166,753		35,166,753
Maximum number of new common stock authorized for issuance (in shares)						11,500,000
2021 Plan | Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Contractual life				10 years		10 years
2021 Plan | Stock Options | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period				12 months		12 months
2021 Plan | Stock Options | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period				4 years		4 years
2009 Stock Plan And 2019 Equity Incentive Plan | Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Contractual life				10 years		10 years
2009 Stock Plan And 2019 Equity Incentive Plan | Stock Options | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period				1 year		1 year
2009 Stock Plan And 2019 Equity Incentive Plan | Stock Options | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period				4 years		4 years
ESPP | Employee Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum number of common stock authorized for issuance (in shares)				3,000,000		3,000,000
Common stock reserved, issuance, increase period				10 years		10 years
Percentage of outstanding stock maximum						1%
Maximum shares allowable under the plan (in shares)				4,300,000		4,300,000

STOCK - BASED COMPENSATION - Su

STOCK - BASED COMPENSATION - Summary of Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 26, 2022	Jun. 27, 2021	Dec. 26, 2021	Dec. 27, 2020
Number of Shares
Beginning Balance (in shares)	13,773,414	14,612,730	14,612,730
Options granted (in shares)	578,865	4,477,360
Options exercised (in shares)	(560,610)	(904,159)
Options forfeited (in shares)	(130,590)	(196,175)
Options expired (in shares)	(25,243)	(75,535)
Ending Balance (in shares)	13,635,836	17,914,221	13,773,414	14,612,730
Options exercisable, Number of shares (in shares)	8,824,027	5,044,682
Options vested and expected to vest, Number of shares (in shares)	13,635,836	17,914,221
Weighted Average Exercise Price Per Share
Beginning Balance (in dollars per share)	$ 6.87	$ 4.27	$ 4.27
Options granted (in dollars per share)	23.75	10.76
Options exercised (in dollars per share)	5.22	4.15
Options forfeited (in dollars per share)	12.24	6.09
Options expired (in dollars per share)	5.85	5.87
Ending Balance (in dollars per share)	7.61	6.12	$ 6.87	$ 4.27
Options exercisable, Weighted average exercise price per share (in dollars per share)	5.35	3
Options vested and expected to vest, Weighted average exercise price per share (in dollars per share)	$ 7.61	$ 6.12
Stock Options Additional Disclosures
Options outstanding, Weighted average remaining contractual term	7 years 2 months 15 days	7 years 25 days	7 years 5 months 1 day	6 years 4 months 2 days
Options exercisable, Weighted average remaining contractual term	6 years 4 months 6 days	4 years 9 months 14 days
Options vested and expected to vest, Weighted average remaining contractual term	7 years 2 months 15 days	7 years 25 days
Options outstanding, Aggregate intrinsic value	$ 84,673	$ 71,852	$ 337,269	$ 15,204
Options exercisable, Aggregate intrinsic value	70,585	39,244
Options vested and expected to vest, Aggregate intrinsic value	$ 84,673	$ 71,852

STOCK - BASED COMPENSATION - _2

STOCK - BASED COMPENSATION - Summary of Restricted Stock Units Activity (Details) - RSUs - $ / shares	6 Months Ended
	Jun. 26, 2022	Jun. 27, 2021
Number of Shares
Outstanding at December 26, 2021 (in shares)	2,392,426
Granted (in shares)	439,764	0
Released (in shares)	(57,084)
Forfeited, cancelled, or expired (in shares)	(158,022)
Outstanding at June 26, 2022 (in shares)	2,617,084
Weighted-Average Grant Date Fair Value
Outstanding at December 26, 2021 (in dollars per share)	$ 24.18
Granted (in dollars per share)	22.45
Released (in dollars per share)	19.65
Forfeited, cancelled, or expired (in dollars per share)	27.41
Outstanding at June 26, 2022 (in dollars per share)	$ 23.86

STOCK - BASED COMPENSATION - _3

STOCK - BASED COMPENSATION - Summary of Stock-based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 26, 2022	Jun. 27, 2021	Jun. 26, 2022	Jun. 27, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation	$ 23,207	$ 1,877	$ 45,372	$ 3,099
Stock-options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation	2,567	1,877	5,099	3,099
Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation	11,592	0	22,176	0
Performance stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation	$ 9,048	$ 0	$ 18,097	$ 0

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 26, 2022	Jun. 27, 2021	Jun. 26, 2022	Jun. 27, 2021	Dec. 26, 2021	Dec. 27, 2020
Income Tax Disclosure [Abstract]
Income tax expense (less than for 2022)	$ 20,000	$ 0	$ 40,000	$ 0
CARRS Act deferred social security payroll taxes	2,500,000		2,500,000			$ 5,000,000
CARRS Act remitted social security payroll taxes					$ 2,500,000
CARRS Act deferred social security payroll taxes to be remitted in 2022	$ 2,500,000		$ 2,500,000

NET LOSS PER SHARE - Computatio

NET LOSS PER SHARE - Computation of Net Loss Per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 26, 2022	Jun. 27, 2021	Jun. 26, 2022	Jun. 27, 2021
Numerator:
Net loss	$ (40,033)	$ (26,883)	$ (89,233)	$ (56,928)
Denominator:
Weighted-average common shares outstanding—basic (in shares)	109,679,467	17,359,717	109,575,841	17,162,245
Weighted-average common shares outstanding— diluted (in shares)	109,679,467	17,359,717	109,575,841	17,162,245
Earnings per share—basic (in dollars per share)	$ (0.36)	$ (1.55)	$ (0.81)	$ (3.32)
Earnings per share—diluted (in dollars per share)	$ (0.36)	$ (1.55)	$ (0.81)	$ (3.32)

NET LOSS PER SHARE - Schedule o

NET LOSS PER SHARE - Schedule of Anti-dilutive Shares Excluded (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 26, 2022	Jun. 27, 2021	Jun. 26, 2022	Jun. 27, 2021
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total common stock equivalents	23,588,633	89,453,166	23,588,633	89,453,166
Options to purchase common stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total common stock equivalents	13,635,836	17,986,254	13,635,836	17,986,254
Preferred Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total common stock equivalents	0	71,466,912	0	71,466,912
Time-based vesting restricted stock units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total common stock equivalents	2,617,084	0	2,617,084	0
Performance stock units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total common stock equivalents	6,621,428	0	6,621,428	0
Contingently issuable stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total common stock equivalents	714,285	0	714,285	0

RELATED-PARTY TRANSACTIONS (Det

RELATED-PARTY TRANSACTIONS (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 26, 2022	Jun. 27, 2021	Jun. 26, 2022	Jun. 27, 2021
Affiliated Entity | Dairy, LLC | Chief Financial Officer
Related Party Transaction [Line Items]
Payments to related parties	$ 1.5	$ 0.1	$ 3.2	$ 2.7

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 26, 2022	Jun. 27, 2021	Jun. 26, 2022	Jun. 27, 2021
Commitments and Contingencies Disclosure [Abstract]
Rent expense	$ 11	$ 8.7	$ 21.4	$ 15.5

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES - Schedule of Operating Leases (Details) $ in Thousands	Jun. 26, 2022 USD ($)
Operating Leases
Total	$ 436,724
2022	24,130
2023	50,297
2024	52,250
2025	52,104
2026	50,178
Thereafter	207,765
Purchase obligations
Total	2,871
2022	2,871
2023	0
2024	0
2025	0
2026	0
Thereafter	$ 0

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - USD ($) $ in Thousands		3 Months Ended	6 Months Ended
	Aug. 08, 2022	Jun. 26, 2022	Jun. 26, 2022	Jun. 27, 2021
Subsequent Event [Line Items]
Closed-store costs		$ 200	$ 152	$ 0
Subsequent Event
Subsequent Event [Line Items]
Workforce reductions percentage	5%
Subsequent Event | Plan | Minimum
Subsequent Event [Line Items]
Pre-tax cost reduction and related charges	$ 8,900
Severance and related benefits costs	500
Closed-store costs	8,400
Subsequent Event | Plan | Maximum
Subsequent Event [Line Items]
Pre-tax cost reduction and related charges	10,700
Severance and related benefits costs	800
Closed-store costs	$ 9,900