Sweetgreen Plans Additional 2026 Closures After Q4 Revenue Falls 3.5% to $155M
Sweetgreen closed three restaurants in 2025 and plans additional 2026 closures as it grapples with slowing sales and rising costs. In Q4 2025, revenue fell 3.5% to $155.2 million and same-store sales dropped 11.5%, intensifying pressure on its target to reach 1,000 locations by 2030.
1. Growth and Expansion History
Founded in 2007, Sweetgreen has expanded to over 300 locations nationwide and went public in late 2021. The company had targeted 1,000 units by 2030, signing leases for 35 new restaurants in 2022 and touting a robust development pipeline at the time.
2. Recent Store Closures
Sweetgreen closed three restaurants in 2025 as leases expired and permanently shuttered its Crystal City, Arlington location after a decade in operation. Management now expects further closures in 2026 while still operating 14 locations across Virginia.
3. Q4 2025 Financial Results
In the fourth quarter of 2025, Sweetgreen’s revenue declined 3.5% year-over-year to $155.2 million and same-store sales fell 11.5%. Rising ingredient and labor costs have compressed margins and slowed the chain’s growth trajectory.