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Sweetgreen, Inc. Announces Third Quarter 2024 Financial Results [Yahoo! Finance]

Sweetgreen, Inc. (SG) 
Company Research Source: Yahoo! Finance
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 highlights For 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 from operations margin of (17)% in the prior year period. Restaurant-Level Profit was $34.9 million and Res Show less Read more
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