Sweetgreen, Inc (SG) Misses Q3 EPS by 7c

Sweetgreen, Inc (NYSE: SG) reported Q3 EPS of ($0.43), $0.07 worse than the analyst estimate of ($0.36). Revenue for the quarter came in at $124 million versus the consensus estimate of $129.27 million.

2022 Outlook:

For fiscal year 2022, we anticipate coming in at the lower end of the range of our prior outlook, with revenue at or slightly below the low end of our prior outlook. We reaffirm our outlook of at least 35 Net New Restaurant Openings.

We have not reconciled our expectations as to Restaurant-Level Profit Margin and Adjusted EBITDA to their most directly comparable GAAP measures as a result of uncertainty regarding, and the potential variability of, reconciling items. Accordingly, reconciliation is not available without unreasonable effort, although it is important to note that these factors could be material to our results computed in accordance with GAAP.

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

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