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

SWEETGREEN

02/11/2023 21:56

* Sweetgreen Inc  SG.N  reported a quarterly adjusted loss
of 21
cents​​ per share for the quarter ended in September, higher
than the same quarter last year, when the company reported EPS
of -33 cents.  The mean expectation of nine analysts for the
quarter was for a loss of 16 cents per share. Wall Street
expected results to range from -27 cents to -8 cents per share.
    * Revenue rose 23.7% to $153.43 million from a year ago;
analysts
expected $154.36 million. 
    * Sweetgreen Inc's reported EPS for the quarter was a loss
of 22
cents​.
    * The company reported a quarterly loss of $25.06 million.
    * Sweetgreen Inc shares had fallen by 11.1% this quarter and
gained 21.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.6%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "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
$14.50 
This summary was machine generated from LSEG data November 2 at
09:56 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2022      -0.35          -0.44          Missed