Sweetgreen Inc reports results for the quarter ended December 31 - Earnings Summary

• Sweetgreen Inc SG.N reported a quarterly adjusted loss of 25 cents​​ per share for the quarter ended December 31, lower than the same quarter last year, when the company reported EPS of -23 cents. The mean expectation of twelve analysts for the quarter was for a loss of 20 cents per share. Wall Street expected results to range from -25 cents to -12 cents per share.

• Revenue rose 5.1% to $160.90 million from a year ago; analysts expected $161.93 million.

• Sweetgreen Inc's reported EPS for the quarter was a loss of 25 cents​.

• The company reported a quarterly loss of $29.03 million.

• Sweetgreen Inc shares had fallen by 30.1% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 11.3% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the restaurants & bars peer group is also "buy"

Wall Street's median 12-month price target for Sweetgreen Inc is $42.00

This summary was machine generated from LSEG data February 26 at 10:56 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)