Sweetgreen Inc reports results for the quarter ended June 30 - Earnings Summary

• Sweetgreen Inc SG.N reported a quarterly adjusted loss of 20 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of -13 cents. The mean expectation of fourteen analysts for the quarter was for a loss of 12 cents per share. Wall Street expected results to range from -18 cents to -9 cents per share.

• Revenue rose 0.5% to $185.58 million from a year ago; analysts expected $192.14 million.

• Sweetgreen Inc's reported EPS for the quarter was a loss of 20 cents​.

• The company reported a quarterly loss of $23.16 million.

• Sweetgreen Inc shares had fallen by 14.9% this quarter and lost 60.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 12.6% in the last three months.​

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

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," 7 "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 $19.00, about 33.4% above its last closing price of $12.66

This summary was machine generated from LSEG data August 8 at 07:05 a.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)