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ASSETS HELD FOR SALE AND SUBSEQUENT EVENTS | 12 Months Ended
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Dec. 28, 2025
Subsequent Events [Abstract] |
ASSETS HELD FOR SALE AND SUBSEQUENT EVENTS | Assets Held for Sale and Subsequent Events Sale of Spyce On December 29, 2025, subsequent to fiscal year end, the Company completed the previously announced sale of Spyce, the business unit responsible for developing the Infinite Kitchen technology, and certain other assets related to the Infinite Kitchen technology, to Wonder. Total consideration was $186.4 million, made up of cash of $100 million and Series C preferred stock of Wonder with an implied value of $86.4 million. Under this agreement, Sweetgreen will continue to use and deploy Infinite Kitchen technology across its restaurants pursuant to an established licensing agreement and a supply and services agreement, both with Wonder. In connection with this agreement to sell Spyce, the Company determined that the disposal met the criteria for classification as held for sale, but did not meet the criteria for classification as discontinued operations. Accordingly, the Company classified the related assets and liabilities included in the disposal group as held for sale at year end. The disposal group primarily includes intangible assets, property and equipment, and goodwill transferred as part of the sale. The Company allocated a portion of the reporting unit's goodwill to the disposal group based on the relative fair values of the business being disposed of and the portion of the reporting unit being retained. The Company determined fair value using the market approach, based on the negotiated value of the assets. The income tax effect of this transaction is currently being evaluated by the company. A reasonable estimate of the financial impact cannot be made at this time. The following table presents information related to the major classes of assets and liabilities that were classified as held for sale in the Company’s consolidated balance sheets as of December 28, 2025:
Assets and Liabilities Held For Sale (in thousands) | Fiscal Year Ended December 28, 2025
Prepaid Expenses | 72 |
Other current assets | 307 |
Operating lease assets | 562 |
Property and equipment, net | 5,324 |
Goodwill | 8,177 |
Intangible assets, net | 10,935 |
Security deposits | 50 |
Assets held for sale | 25,427 |
Current portion of operating lease liabilities | 445 |
Operating lease liabilities, net of current portion | 640 |
Liabilities held for sale | 1,085 |
Further, in early 2026, the Company made an aggregate cash payment of $5.4 million and issued 242,722 shares of its Class A common stock to former equity holders of Spyce in connection with the achievement of the third performance milestone, accel erated as part of the Spyce sale. See Note 3.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/855/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483399/855-10-50-2 + Details
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