Sweetgreen, Inc. Announces Fourth Quarter and Fiscal Year 2023 Financial Results
Sweetgreen, Inc. (SG)
Company Research
Source: Business Wire
LOS ANGELES--(BUSINESS WIRE)--Sweetgreen, Inc. (NYSE: SG), the mission-driven restaurant brand creating healthier communities by connecting people to real food, today announced financial results for its fourth fiscal quarter and fiscal year ended December 31, 2023.Fourth Quarter 2023 Financial HighlightsFor the fourth quarter of fiscal year 2023, compared to the fourth quarter of fiscal year 2022:Total revenue was $153.0 million versus $118.6 million in the prior year period, an increase of 29%.Same-Store Sales Change of 6% versus Same-Store Sales Change of 4% in the prior year period.AUV of $2.9 million was consistent with the prior year period.Total Digital Revenue Percentage of 58% and Owned Digital Revenue Percentage of 34%, versus Total Digital Revenue Percentage of 61% and Owned Digital Revenue Percentage of 40% in the prior year period.Loss from operations was $(29.3) million and loss from operations margin was (19)%, versus loss from operations of $(47.7) million and loss
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News
- Sweetgreen, Inc. (NYSE: SG) had its price target raised by analysts at Citigroup Inc. from $16.00 to $25.00. They now have a "neutral" rating on the stock.MarketBeat
- Sweetgreen, Inc. (NYSE: SG) had its price target raised by analysts at Morgan Stanley from $11.00 to $16.00. They now have an "underweight" rating on the stock.MarketBeat
- Sweetgreen to Announce First Quarter 2024 Results on May 9, 2024Business Wire
- Sweetgreen, Inc. (NYSE: SG) had its "hold" rating re-affirmed by analysts at TD Cowen. They now have a $17.00 price target on the stock.MarketBeat
- Sweetgreen, Inc. (NYSE: SG) had its price target raised by analysts at Oppenheimer Holdings Inc. from $17.00 to $34.00. They now have an "outperform" rating on the stock.MarketBeat
SG
Earnings
- 2/29/24 - Miss
SG
Sec Filings
- 4/22/24 - Form DEFR14A
- 4/19/24 - Form ARS
- 4/19/24 - Form DEFA14A
- SG's page on the SEC website