Sweetgreen, Inc (SG) Misses Q2 EPS by 6c, FY Guidance Misses

Sweetgreen, Inc (NYSE: SG) reported Q2 EPS of ($0.36), $0.06 worse than the analyst estimate of ($0.30). Revenue for the quarter came in at $124.9 million versus the consensus estimate of $130.18 million.

GUIDANCE:

Sweetgreen, Inc sees FY2022 revenue of $480-500 million, versus the consensus of $530 million.

• At least 35 Net New Restaurant Openings
• Revenue ranging from $480 million to $500 million
• Same-Store Sales Change of between 13% and 19%
• Restaurant-Level Profit Margin between 15% and 17%
• Adjusted EBITDA between $(45) million to $(35) million

For earnings history and earnings-related data on Sweetgreen, Inc (SG) click here.

You May Also Be Interested In

• RH (RH) Tops Q1 EPS by 12c
• Stitch Fix (SFIX) Tops Q3 EPS by 4c, Offers Guidance
• Honeywell Technologies sets three-year targets ahead of aerospace spin-off