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Sweetgreen Inc (SG) PT Lowered to $37 at Oppenheimer

Go back to Sweetgreen Inc (SG) PT Lowered to $37 at Oppenheimer

Sweetgreen (SG) Stock Surges 17% After Smashing EPS Consensus, Goldman Sachs Sees Over 100% Upside

March 4, 2022 10:42 AM EST

Shares of Sweetgreen (NYSE: SG) are up more than 16% Friday after the company reported better-than-expected Q4 revenue.

Sweetgreen posted fourth-quarter revenue of $96.4 million, compared to the analyst estimates of $84.7 million. Same-store sales rose by 36%, while net loss came in at $66,181 in the period.

The company reported a loss per share of $1.14 and an operating loss of $47.8 million, compared to the analyst expectations of $41.2 million. The number... More