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

SWEETGREEN

09/08/2024 05:16

* Sweetgreen Inc  SG.N  reported a quarterly adjusted loss
of 13
cents​​ per share for the quarter ended in January, higher than
the same quarter last year, when the company reported EPS of -19
cents.  The mean expectation of eleven analysts for the quarter
was for a loss of 10 cents per share. Wall Street expected
results to range from -16 cents to 2 cents per share.
    * Revenue rose 21.1% to $184.64 million from a year ago;
analysts
expected $180.78 million. 
    * Sweetgreen Inc's reported EPS for the quarter was a loss
of 13
cents​.
    * The company reported a quarterly loss of $14.46 million.
    * Sweetgreen Inc shares had fallen by 14.3% this quarter and
gained 128.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.2%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 3
"hold" and no "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
$33.00 
This summary was machine generated from LSEG data August 9 at
04:16 a.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
 Jun. 30 2024      -0.10          -0.13          Missed
 Mar. 31 2024      -0.18          -0.23          Missed
 Dec. 31 2023      -0.22          -0.23          Missed
 Sep. 30 2023      -0.17          -0.21          Missed