Sweetgreen, Inc. (NYSE:SG) Q4 2022 Earnings Conference Call February 23, 2023 5:00 PM ET
Company Participants
Rebecca Nounou – Head of Investor Relations
Jonathan Neman – Co-Founder and Chief Executive Officer
Mitch Reback – Chief Financial Officer
Conference Call Participants
Brian Bittner – Oppenheimer
Chris Carril – RBC Capital Markets
Matt Curtis – William Blair
Karen Holthouse – Citi
Katherine Griffin – Bank of America
Andrew Charles – Cowen
Brian Harbour – Morgan Stanley
John Ivankoe – JPMorgan
Jon Tower – Citigroup
Operator
Ladies and gentlemen, thank you for standing by and welcome to the Sweetgreen, Inc. Q4 2022 Earnings Call.
I would now like to turn the call over to Rebecca Nounou, Head of Investor Relations. Please go ahead.
Rebecca Nounou
Thank you, and good afternoon, everyone. Here with me today are Jonathan Neman, Co-Founder and CEO; and Mitch Reback, Chief Financial Officer. Before we begin, we have a couple of reminders. Our earnings release is available on our website at investor.sweetgreen.com.
During this call, we will be making comments of a forward-looking nature. Actual results may differ materially from those expressed or implied as a result of various risks and uncertainties. For more information about some of these risks, please review the company’s SEC filings, including the section titled Risk Factors in our latest Annual Report on Form 10-K filing and subsequently filed quarterly report on Form 10-Q. These forward-looking statements are based on information as of today, and we assume no obligation to publicly update or revise our forward-looking statements.
Additionally, we will be discussing certain non-GAAP financial measures, which are in addition to and not a substitute for measures of financial performance prepared in accordance with GAAP. A reconciliation of these items to the nearest U.S. GAAP measure can be found in this afternoon’s press release available on our IR website.
With that, it’s my pleasure to turn the call over to Jonathan to kick things off.
Jonathan Neman
Thank you, Rebecca, and good afternoon, everyone. 2022 was our first full year as a public company and I feel immense gratitude to all of our team members who made an impact on the over 25 million customers we served. Sweetgreen was founded on a mission to connect people to real food, and this year we opened 39 restaurants and brought the Sweetgreen experience to customers in five new markets.
Since we went public a little more than a year ago, the macroeconomic condition we operate in has gotten more complicated and unpredictable. And while the operating environment was certainly challenging, we know that our execution was not up to our standard.