Sweetgreen (NYSE:SG) Full Year 2024 Results
Key Financial Results
- Revenue: US$676.8m (up 16% from FY 2023).
- Net loss: US$90.4m (loss narrowed by 20% from FY 2023).
- US$0.79 loss per share (improved from US$1.01 loss in FY 2023).
SG Sales Performance
- Same store sales growth: 6.0% vs FY 2023.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Sweetgreen EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 8.1%.
In the last 12 months, the only revenue segment was Retail Sales of Food and Beverages by Company-Owned Restaurants contributing US$676.8m. Notably, cost of sales worth US$540.6m amounted to 80% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$143.4m (63% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of US$582.0k. Explore how SG's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Hospitality industry in the US.
Performance of the American Hospitality industry.
The company's shares are down 4.3% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Sweetgreen that you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About NYSE:SG
Sweetgreen
Operates fast food restaurants serving healthy foods at scale in the United States.
Adequate balance sheet very low.
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