Sweetgreen Inc (SG) Q3 2024 Earnings Call Highlights: Strong Revenue Growth and Expansion Amid ... [Yahoo! Finance]
Sweetgreen, Inc. (SG)
Company Research
Source: Yahoo! Finance
Restaurant Level Margin: 20.2%, over 100 basis points improvement from last year. Adjusted EBITDA: $6.8 million for the quarter. Net Loss: $20.8 million, improved from $25.1 million in the prior year period. New Restaurant Openings: 5 new restaurants in the third quarter, totaling 236 restaurants. Cash Balance: $235 million at the end of the quarter. Operating Cash Flow: $37 million positive for the first nine months of 2024. Guidance for Fiscal Year 2024: Revenue between $675 million to $680 million, 24 to 26 net new restaurant openings, same-store sales growth between 6% and 7%, restaurant level margin between 19.5% and 20%, adjusted EBITDA between $18 million to $20 million. Warning! GuruFocus has detected 5 Warning Signs with EBS. Release Date: November 07, 2024 For the complete transcript of the earnings call, please refer to the full earnings call transcript Sweetgreen Inc ( NYSE:SG ) reported a 13% year-over-year sales growth, reaching $173.4 million for th
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SG
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. (NYSE: SG) had its "neutral" rating re-affirmed by analysts at The Goldman Sachs Group, Inc.. They now have a $40.00 price target on the stock.MarketBeat
SG
Earnings
- 11/7/24 - Miss
SG
Sec Filings
- 11/12/24 - Form 144
- 11/12/24 - Form SC
- 11/8/24 - Form 10-Q
- SG's page on the SEC website