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

SWEETGREEN

27/07/2023 22:41

* Sweetgreen Inc  SG.N  reported a quarterly adjusted loss
of 19
cents​​ per share for the quarter ended in June. The mean
expectation of nine analysts for the quarter was for a loss
of 16 cents per share.
    * Revenue rose 22.1% to $152.53 million from a year ago;
analysts
expected $156.70 million. 
    * Sweetgreen Inc's reported EPS for the quarter was a loss
of 24
cents​.
    * The mean earnings estimate of analysts had risen by
about 28.2%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Sweetgreen Inc shares had risen by 28.0% this quarter and
gained 91.5% so far this year.
    * The company reported a quarterly loss of $27.26 million.
    * Wall Street's median 12-month price target for Sweetgreen
Inc is
$15.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
27 at 09:41 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      -0.16          -0.19          Missed
 Mar. 31 2023      -0.35          -0.29          Beat
 Dec. 31 2022      -0.35          -0.44          Missed
 Sep. 30 2022      -0.37          -0.33          Beat