earnings
confidence high
sentiment positive
materiality 0.75
Sweetgreen Q2 revenue $184.6M (+21% YoY); raises FY2024 guidance
Sweetgreen, Inc.
2024-Q2 EPS reported
-$0.36
revenue$342,491,000
- Revenue of $184.6M, up 21% YoY; same-store sales growth of 9% (vs 3% in prior year).
- Net loss narrowed to $(14.5)M from $(27.3)M; adjusted EBITDA $12.4M (vs $3.3M).
- Restaurant-Level Profit Margin improved to 22% from 20%.
- Raises FY2024 revenue guidance to $670-680M; adj EBITDA $16-19M.
- Digital revenue 56% of total; owned digital 31%.