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Sweetgreen is growing revenue fast, and management is keeping expenses in check. The company modestly raised its full-year guidance, giving investors something else to celebrate.
Sweetgreen (SG) shares skyrocketed Friday, a day after the salad restaurant chain slashed its loss, boosted sales, and raised its guidance as it expanded locations.
Sweetgreen Inc (NYSE:SG) is near the top of the New York Stock Exchange (NYSE) today, last seen up 22.1% to trade at $32.09.
Sweetgreen, Inc. (NYSE:SG ) Q2 2024 Earnings Call August 8, 2024 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 Sharon Zackfia - William Blair Katherine Griffin - Bank of America Brian Mullan - Piper Sandler Logan Reich - RBC Capital Markets Jon Tower - Citi Brian Bittner - Oppenheimer & Co. Andrew Charles - TD Cowen Christine Cho - Goldman Sachs Brian Harbour - Morgan Stanley Dennis Geiger - UBS 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 $0.13 per share versus the Zacks Consensus Estimate of a loss of $0.11. This compares to loss of $0.20 per share a year ago.
The salad chain still isn't profitable but sales totaled $184.6 million in the second quarter, up 21% from the year-ago period.
Sweetgreen (SG) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
In the closing of the recent trading day, Sweetgreen, Inc. (SG) stood at $26.90, denoting a +1.86% change from the preceding trading day.
The niche restaurant operator uses robotic systems to create salads at two of its outlets. It has ambitious plans to open new restaurants with the technology, and retrofit existing ones.
An analyst at Oppenheimer called Sweetgreen a buy heading into its earnings report scheduled for Aug. 8. After a blistering run, the stock is down nearly 30% from its peak in June.