Sweetgreen, Inc. (NYSE:SG) Q4 2023 Earnings Conference Call February 29, 2024 5:00 PM ET

Corporate Participants

Rebecca Nounou - VP, Head of Investor Relations

Jonathan Neman - Co-Founder and Chief Executive Officer

Mitch Reback - Chief Financial Officer

Conference Call Participants

Brian Bittner - Oppenheimer

Sharon Zackfia - William Blair

Chris Carril - RBC Capital Markets

John Ivankoe of JP Morgan

Andrew Charles - TD Cowen

Jon Tower - Citigroup

Katherine Griffin - Bank of America

Brian Harbour - Morgan Stanley

Brian Mullan - Piper Sandler

Operator

Ladies and gentlemen, thank you for standing by, and welcome to Sweetgreen, Inc., Fourth Quarter 2023 Earnings Call. [Operator Instructions] As a reminder, today's call is being recorded.

I will now hand today's call over to Rebecca Nounou, VP, 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 Chief Executive Officer; 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. 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.

My passion to connect people to real food is why I started Sweetgreen with my co-founders, Nathaniel and Nicolas. In 2007, we began our journey to build a category-defining brand with the goal of serving delicious meals to local communities. What started as a single restaurant in Washington, D.C., now has 225 restaurants in 18 states across the country as well as D.C. We are creating and defining the category of Better for You fast-casual dining while remaining acutely-focused on building an innovative and enduring business that drives both growth and profitability.