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

• Sweetgreen Inc SG.N reported a quarterly adjusted loss of 21 cents​​ per share for the quarter ended March 31, higher 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 22 cents per share. Wall Street expected results to range from -25 cents to -21 cents per share.

• Revenue rose 5.4% to $166.30 million from a year ago; analysts expected $165.09 million.

• Sweetgreen Inc's reported EPS for the quarter was a loss of 21 cents​.

• The company reported a quarterly loss of $25.04 million.

• Sweetgreen Inc shares had fallen by 28.5% this quarter and lost 44.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 38.8% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," 5 "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 $30.00

This summary was machine generated from LSEG data May 8 at 11:26 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)