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Shares of Sweetgreen dropped over 10% after reporting a deceleration in same-store sales growth in Q4, while also forecasting continued deceleration in FY25. The company is expecting same-store sales growth to turn negative in Q1, driven in part by LA wildfires (LA represents ~15% of the company's portfolio). I'm downgrading Sweetgreen to neutral on its weaker growth trends, though the long-term bull case for margin expansion via Infinite Kitchens remains intact.
While the top- and bottom-line numbers for Sweetgreen (SG) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Sweetgreen, Inc. (NYSE:SG ) Q4 2024 Earnings Conference Call February 26, 2025 5:00 PM ET Company Participants Rebecca Nounou – Investor Relations Jonathan Neman – Co-Founder and Chief Executive Officer Mitch Reback – Chief Financial Officer Conference Call Participants Jon Tower – Citi Andrew Charles – TD Cowen Dennis Geiger – UBS Sharon Zackfia – William Blair Rahul Krotthapalli – JPMorgan Katherine Griffin – Bank of America Brian Mullan – Piper Sandler Christine Cho – Goldman Sachs Brian Harbour – Morgan Stanley Operator Thank you for standing by. My name is Jeannie, and I will be your conference operator today.
Sweetgreen, Inc. (SG) came out with a quarterly loss of $0.25 per share versus the Zacks Consensus Estimate of a loss of $0.21. This compares to loss of $0.24 per share a year ago.
LOS ANGELES--(BUSINESS WIRE)--2025 Outlook, second section, third bullet of release should read: Same-Store Sales Change of approximately (5)-(3)% (instead of Same-Store Sales Change of approximately 5-3%). The updated release reads: SWEETGREEN, INC. ANNOUNCES FOURTH QUARTER AND FISCAL YEAR 2024 FINANCIAL RESULTS Sweetgreen, Inc. (NYSE: SG) (the “Company”), the mission-driven, next-generation restaurant and lifestyle brand that serves healthy food at scale, today announced financial results for.
CAVA Group Inc (NYSE:CAVA) and Sweetgreen Inc (NYSE:SG) are slated to report fourth-quarter results after the close tomorrow and on Wednesday, Feb. 26, respectively.
In the latest trading session, Sweetgreen, Inc. (SG) closed at $23.48, marking a +0.99% move from the previous day.
Five U.S. restaurant stocks have strong revenues and earnings growth potential for 2025. These are: TXRH, SHAK, KRUS, SG, PBPB.
SoundHound AI (NASDAQ: SOUN) has been one of the big winners in the AI boom so far.
Growth stocks are a great tool to build lasting wealth in the stock market. Three Motley Fool contributors believe Celsius Holdings (CELH -1.41%), Sweetgreen (SG 0.11%), and Shopify (SHOP 0.55%) offer excellent return prospects over the long term, but Wall Street analysts also see the potential for upside in the near term.