Sweetgreen, Inc. Announces Third Quarter 2024 Financial Results
Sweetgreen, Inc. (SG)
Company Research
Source: Business Wire
LOS ANGELES--(BUSINESS WIRE)--Sweetgreen, Inc. (NYSE: SG) (the “Company”), the mission-driven, next generation restaurant and lifestyle brand that serves healthy food at scale, today announced financial results for its third fiscal quarter ended September 29, 2024.Third quarter 2024 financial highlightsFor the third quarter of fiscal year 2024, compared to the third quarter of fiscal year 2023:Total revenue was $173.4 million, versus $153.4 million in the prior year period, an increase of 13%.Same-Store Sales Change of 6%, up from 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 55% and Owned Digital Revenue Percentage of 29%, versus Total Digital Revenue Percentage of 58% and Owned Digital Revenue Percentage of 37% in the prior year period.Loss from operations was $(21.2) million and loss from operations margin was (12)%, versus loss from operations of $(26.5) million and loss
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News
- Sweetgreen Launches New Merch Collection in Time for the HolidaysBusiness Wire
- Sweetgreen, Inc. (NYSE: SG) had its price target raised by analysts at TD Cowen from $43.00 to $45.00. They now have a "buy" rating on the stock.MarketBeat
- Sweetgreen, Inc. (NYSE: SG) had its price target raised by analysts at UBS Group AG from $37.00 to $45.00. They now have a "buy" rating on the stock.MarketBeat
- Sweetgreen, Inc. (NYSE: SG) had its price target raised by analysts at Oppenheimer Holdings Inc. from $40.00 to $45.00. They now have an "outperform" rating on the stock.MarketBeat
- Sweetgreen Inc (SG) Q3 2024 Earnings Call Highlights: Strong Revenue Growth and Expansion Amid ... [Yahoo! Finance]Yahoo! Finance
SG
Earnings
- 11/7/24 - Miss
SG
Sec Filings
- 11/14/24 - Form 4
- 11/13/24 - Form 144
- 11/12/24 - Form 144
- SG's page on the SEC website