Sweetgreen (SG) Q4 Earnings Miss Estimates, Revenues Top [Yahoo! Finance]
Sweetgreen, Inc. (SG)
Company Research
Source: Yahoo! Finance
The top and the bottom line increased on a year-over-year basis. In the fiscal fourth quarter, Sweetgreen reported positive outcomes stemming from menu innovation, supply chain advancements and cutting-edge technology integration. Also, it reported increased throughput, enhanced order accuracy, consistent portioning and a notable reduction in team member turnover from its Infinite Kitchen. The company plans to prioritize initiatives aimed at increasing traffic to drive positive same-store sales growth. The strategy encompasses accelerating culinary innovation, refining the rewards program, optimizing throughput, ensuring excellent restaurant operations and increasing advertising expenditure. Following the results, the company's shares gained 13.8% during the after-hour trading session on Feb 29. Delving Deeper In the fiscal fourth quarter, Sweetgreen recorded an adjusted loss per share of 24 cents, wider than the Zacks Consensus Estimate of a loss of 23 cents. The company repo
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SG
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