Business Description

Sweetgreen, Inc., a Delaware corporation (together with its subsidiaries, “Sweetgreen,” “we,”, “us,” or the “Company”) is a mission-driven, next generation restaurant and lifestyle brand that serves healthy food at scale. Our bold vision is to be as ubiquitous as traditional fast food, but with the transparency and quality that consumers increasingly expect. As of December 28, 2025 , we owned and operate d 281 restaurants in 24 states and Washington, D.C. Our Menu Offerings We have designed our menu to be delicious, customizable, and convenient to empower our customers to make healthier choices for both lunch and dinner. We are constantly seeking ways to enhance our menu, all while honoring our food ethos. Core Menu Our core menu consists of a curated set of signature items offered year-round across all locations, designed to deliver consistent quality and reflect our food philosophy, supported by a disciplined and scalable supply chain. Guests may also create a custom salad, bowl, or plate from a broad assortment of ingredients and signature dressings, enabling meaningful customization within a standardized ingredient system. We supplement our core offerings with seasonal and limited-time items that allow us to introduce new flavors and test innovation while maintaining operational consistency. Through our owned digital channels, we also offer exclusive menu items and curated collections that support discovery, personalization, and guest engagement. Our Strategy Sweetgreen's mission is to build healthier communities by connecting people to real food. Over the past year, our leadership team has evaluated the business and refined our strategic priorities to strengthen execution, enhance the guest experience, and build a more durable financial model. We refer to this framework as the Sweet Growth Transformation Plan which is centered on five strategic priorities: 1. Operational Excellence Drive consistent execution across our restaurants to deliver great food, smooth operations, and reliable guest experiences. 2. Food Quality + Menu Innovation Differentiate through high-quality ingredients and scratch cooking while continuing to evolve the menu in ways that resonate with guests. 3. Personalized Experience Increase customer frequency and average check through targeted digital engagement, personalized messaging, and relevant offers. 4. Brand Relevance Attract new guests by amplifying what makes Sweetgreen distinctive, relevant, and culturally compelling. 5. Disciplined Profitable Investment Deliver sustainable growth by prioritizing returns, maintaining cost discipline, and allocating capital with rigor. 6 Table of Contents Our Supply Chain We have built a differentiated, end-to-end supply chain that culminates in delicious, high-quality food for our customers. Our sourcing and operating standards are guided by the Sweetgreen Way, which is our internal ethos based upon our commitment to ingredient quality, responsible sourcing, and in-house preparation. We work with a broad network of domestic food partners, including farmers, manufacturers, and distributors. We prioritize ingredients that meet our standards and align with our food philosophy, and we maintain direct relationships with many of our growers and producers. Our supply chain is organized into regional distribution networks, managed in consultation with our lead logistics provider, which promotes consistency, scalability, and operational reliability. As we enter new markets, we seek to leverage existing relationships while maintaining these standards. Quality Control and Food Safety At Sweetgreen, we refer to food safety as our “license to operate,” and that starts with our food supply. We require our suppliers to provide appropriate food safety certifications as part of the onboarding process. After onboarding, we work with our suppliers to ensure they adhere to our product quality specifications. We also follow a Comprehensive Food Safety Plan (“CFSP”), which includes our Approved Supplier Program, Hazard Analysis and Critical Control Points Program, guidelines for restaurant design, construction and maintenance, new product commercialization processes, and crisis management. As part of our CFSP, we have a set of “sweet clean standards” for our restaurants, which are guides for operators to ensure our approach to food safety and cleanliness is consistent and scalable across our restaurant fleet.…