Sweetgreen Inc (SG) Reports Narrowed Losses and Revenue Growth in FY 2023 [Yahoo! Finance]
Sweetgreen, Inc. (SG)
Company Research
Source: Yahoo! Finance
Net Loss: Decreased to $(113.4) million in FY 2023 from $(190.4) million in FY 2022. Adjusted EBITDA: Improved to $(2.8) million for FY 2023 from $(49.9) million in FY 2022. Restaurant-Level Profit Margin: Increased to 17% for FY 2023, up from 15% in FY 2022. Net New Restaurant Openings: 35 new openings in FY 2023 compared to 36 in the previous year. Warning! GuruFocus has detected 2 Warning Sign with SG. On February 29, 2024, Sweetgreen Inc ( NYSE:SG ) released its 8-K filing , announcing its financial results for the fourth quarter and fiscal year ended December 31, 2023. The company, known for its mission-driven approach to offering healthier food options, reported a significant 24% increase in total revenue for the fiscal year, amounting to $584.0 million. This growth is attributed to the addition of 45 net new restaurant openings and a 6% increase in same-store sales, which included a 5% benefit from menu price increases and a 1% increase in traffic/mix. Financial Pe
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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