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Sweetgreen (SG)
NYSE:SG
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.21Last Year’s EPS
-0.23Same Quarter Last Year
Moderate Buy
Based on 12 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 26, 2025
|% Change Since: 14.65%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a strong performance in 2024 with significant revenue growth, successful expansion of Infinite Kitchens, and positive adjusted EBITDA. However, challenges in Q1 2025 due to external factors and a net loss for the quarter present some concerns.Company Guidance
During Sweetgreen, Inc.'s Fourth Quarter 2024 Earnings Call, the company reported a strong performance with sales growing over 15% to $676.8 million and restaurant-level margin expanding by more than 200 basis points year-over-year to 19.6%. Adjusted EBITDA reached $18.7 million, marking a $21.5 million improvement compared to the prior year and signifying the first full year of positive adjusted EBITDA in the company's history. Sweetgreen opened 25 new restaurants in 2024, bringing the total to 246, including 12 Infinite Kitchens. The Infinite Kitchens demonstrated significant operational efficiencies, delivering at least 7 percentage points in labor savings and 1 point in improved cost of goods sold (COGS) compared to similarly aged restaurants. For 2025, Sweetgreen plans to open at least 40 new restaurants, half of which will have Infinite Kitchens, and aims to drive further growth through menu innovation, including the introduction of Ripple Fries, and the launch of a new loyalty program, SG Rewards. Despite challenges such as the wildfires in Southern California, the company remains optimistic about its strategic pillars focusing on revolutionizing fast food through innovation, strengthening guest connections, and expanding its footprint strategically.Strong Revenue Growth
Sales grew over 15% to $676.8 million in 2024, marking four consecutive years of double-digit revenue growth since the IPO in 2021.
Expansion of Infinite Kitchens
Sweetgreen ended 2024 with 12 Infinite Kitchens, which are delivering significant labor savings and improved COGS compared to traditional restaurants.
Positive Adjusted EBITDA
2024 marked the first full year of positive adjusted EBITDA in the company's history, with a $21.5 million improvement over the prior year.
Menu Innovation and Guest Favorites
Introduction of grass-fed, pasture-raised steak drove traffic, and Ripple Fries are expected to be a significant menu addition in 2025.
Operational Improvements
Restaurant level margin expanded over 200 basis points year-over-year to 19.6% in 2024, with improvements in labor optimization and deployment practices.
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SG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 26, 2025 | $23.14 | $23.15 | +0.04% |
| Nov 07, 2024 | $42.20 | $39.69 | -5.95% |
| Aug 08, 2024 | $26.25 | $35.01 | +33.37% |
| May 09, 2024 | $23.56 | $31.56 | +33.96% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Sweetgreen (SG) report earnings?
Sweetgreen (SG) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is Sweetgreen (SG) earnings time?
Sweetgreen (SG) earnings time is at May 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SG EPS forecast?
SG EPS forecast for the fiscal quarter 2025 (Q1) is -0.21.
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