Sweetgreen (SG) reported a Q1 loss Thursday of $0.21 per diluted share, narrowing from a loss of $0.23 a year earlier.

Analysts polled by FactSet expected a loss of $0.20.

Revenue for the quarter ended March 31 was $166.3 million, up from $157.9 million a year earlier.

Analysts surveyed by FactSet expected $165.1 million.

For 2025, the restaurant chain lowered its revenue guidance to between $740 million to $760 million, down from its previous projection of $760 million to $780 million.

Analysts polled by FactSet expect $759.6 million.

Shares of the company fell 7% in Thursday's after-hours activity.