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ASSETS HELD FOR SALE AND SUBSEQUENT EVENTS
12 Months Ended
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 Expenses72 
Other current assets307 
Operating lease assets562 
Property and equipment, net5,324 
Goodwill8,177 
Intangible assets, net10,935 
Security deposits50 
Assets held for sale25,427 
Current portion of operating lease liabilities445 
Operating lease liabilities, net of current portion640 
Liabilities held for sale1,085 

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, accelerated as part of the Spyce sale. See Note 3.