Sweetgreen Inc reports results for the quarter ended in December - Earnings Summary

SWEETGREEN

29/02/2024 22:38

* Sweetgreen Inc  SG.N  reported a quarterly adjusted loss
of 23
cents​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of -44
cents.  The mean expectation of nine analysts for the quarter
was for a loss of 22 cents per share. Wall Street expected
results to range from -32 cents to -13 cents per share.
    * Revenue rose 29.1% to $153.03 million from a year ago;
analysts
expected $152.04 million. 
    * Sweetgreen Inc's reported EPS for the quarter was a loss
of 24
cents​.
    * The company reported a quarterly loss of $27.41 million.
    * Sweetgreen Inc shares had risen by 9.7% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.2%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 2
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the restaurants &
bars
peer group is also "buy"

Wall Street's median 12-month price target for Sweetgreen Inc is
$13.00 
This summary was machine generated from LSEG data February 29 at
10:37 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      -0.22          -0.23          Missed
 Sep. 30 2023      -0.16          -0.21          Missed
 Jun. 30 2023      -0.16          -0.19          Missed
 Mar. 31 2023      -0.35          -0.29          Beat