Sweetgreen, Inc (SG) Misses Q1 EPS by 5c, Offers Guidance

Sweetgreen, Inc (NYSE: SG) reported Q1 EPS of ($0.23), $0.05 worse than the analyst estimate of ($0.18). Revenue for the quarter came in at $157.9 million versus the consensus estimate of $151.61 million.

GUIDANCE:

Sweetgreen, Inc sees FY2024 revenue of $660-675 million, versus the consensus of $667 million.

• 23-27 Net New Restaurant Openings
• Revenue ranging from $660 million to $675 million
• Same-Store Sales Change between 4-6%
• Restaurant-Level Profit Margin of 18.5%-20%
• Adjusted EBITDA between $10 million to $19 million

For earnings history and earnings-related data on Sweetgreen, Inc (SG) click here.

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