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

SWEETGREEN

04/05/2023 22:57

* Sweetgreen Inc  SG.N  reported a quarterly adjusted loss
of 29
cents​​ per share for the quarter ended in March. The mean
expectation of eight analysts for the quarter was for a loss
of 35 cents per share.
    * Revenue rose 21.9% to $125.06 million from a year ago;
analysts
expected $126.01 million. 
    * Sweetgreen Inc's reported EPS for the quarter was a loss
of 30
cents​.
    * The mean earnings estimate of analysts had fallen by
about 18.7%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates 
    * Sweetgreen Inc shares had fallen by 2.3% this quarter and
lost 10.6% so far this year.
    * The company reported a quarterly loss of $33.66 million.
    * Wall Street's median 12-month price target for Sweetgreen
Inc is
$9.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
4 at 09:57 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      -0.36          -0.36          Met