Sweetgreen (NYSE:SG – Get Free Report) will be releasing its earnings data after the market closes on Thursday, May 9th. Analysts expect Sweetgreen to post earnings of ($0.20) per share for the quarter. Sweetgreen has set its Q1 2024 guidance at EPS and its FY 2024 guidance at EPS.Investors interested in listening to the company’s conference call can do so using this link.
Sweetgreen (NYSE:SG – Get Free Report) last posted its quarterly earnings results on Thursday, February 29th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.23) by ($0.01). Sweetgreen had a negative net margin of 19.41% and a negative return on equity of 21.58%. The company had revenue of $153.00 million for the quarter, compared to the consensus estimate of $152.04 million. During the same period in the prior year, the firm posted ($0.44) EPS. The business’s revenue was up 29.0% on a year-over-year basis. On average, analysts expect Sweetgreen to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.
Sweetgreen Stock Up 2.2 %
Shares of NYSE:SG opened at $23.25 on Wednesday. The business’s 50 day moving average is $21.68 and its 200 day moving average is $14.53. The stock has a market cap of $2.63 billion, a P/E ratio of -23.26 and a beta of 2.22. Sweetgreen has a 52-week low of $8.64 and a 52-week high of $26.45.
Wall Street Analysts Forecast Growth
Read Our Latest Research Report on SG
Insider Transactions at Sweetgreen
In other Sweetgreen news, CEO Jonathan Neman sold 58,067 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $16.36, for a total value of $949,976.12. Following the completion of the sale, the chief executive officer now owns 2,100,000 shares of the company’s stock, valued at $34,356,000. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Sweetgreen news, CEO Jonathan Neman sold 58,067 shares of Sweetgreen stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $16.36, for a total transaction of $949,976.12. Following the completion of the sale, the chief executive officer now owns 2,100,000 shares of the company’s stock, valued at approximately $34,356,000. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Mitch Reback sold 29,475 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $21.01, for a total value of $619,269.75. Following the completion of the transaction, the chief financial officer now directly owns 405,584 shares in the company, valued at $8,521,319.84. The disclosure for this sale can be found here. Insiders sold 140,555 shares of company stock valued at $2,214,389 in the last quarter. 21.52% of the stock is currently owned by corporate insiders.
Sweetgreen Company Profile
Sweetgreen, Inc, together with its subsidiaries, operates fast food restaurants serving healthy foods at scale in the United States. The company also accepts orders through its online and mobile ordering platforms, as well as sells gift cards that do not have an expiration date and can be redeemed. The company was founded in 2006 and is headquartered in Los Angeles, California.
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