Sweetgreen shares soar 35% after company beats revenue expectations [CNBC]
FactSet Research Systems Inc. (FDS)
Last factset research systems inc. earnings: 3/26 07:01 am
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Source: CNBC
The salad chain reported $158 million in revenue, beating the LSEG consensus estimate of $152 million. It is an increase of 26% from the prior-year period, when it reported revenue of $125.1 million. Sweetgreen also raised revenue and adjusted EBITDA guidance for the full year. Shares of the company are up 189% so far in 2024. CEO and co-founder Jonathan Neman said on the earnings call with analysts that the company opened six new restaurants in the first quarter. Neman highlighted the success of the South Lake Union location in Seattle, which “had one of the strongest opening weeks in the company's recent history.” “Openings like these demonstrate that our brand has significantly greater reach than our current physical footprint, and that there is massive white space for our category-defining concept,” he said. Neman added that the company remains “on track” to open about seven new automated Infinite Kitchen restaurants this year and plans to establish more next year. Analys
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FDS
Earnings
- 3/21/24 - Beat
FDS
Sec Filings
- 5/16/24 - Form 4
- 5/15/24 - Form 144
- 5/10/24 - Form 4
- FDS's page on the SEC website