SG Earnings Prediction
The chart below shows how SG performed 10 days before and after its earnings report, based on data from the past quarters. Typically, SG sees a -2.31% change in stock price 10 days leading up to the earnings, and a +9.08% change 10 days following the report. On the earnings day itself, the stock moves by +0.15%. This data can give you a slight idea of what to expect for the next quarter's release.
SG Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
173.43M
13.04%
-6.07%
Gross Margin
19.08%
6.95%
-11.34%
Operating Margin
-11.82%
-27.57%
40.71%
Net Margin
-12.00%
-26.52%
53.26%
EPS
-0.18
-18.18%
38.46%
No Data Available
SG Earnings Analysis
Sweetgreen, Inc. Corporation (SG.N) Earnings Conference Call
Positive
Sales Growth Report: For the third quarter, we reported sales of $173.4 million, representing 13% year-over-year growth.
Same-Store Sales Growth: Same-store sales for the third quarter grew 6% against the prior year period.
Quarterly Margin Expansion: Restaurant level margin for the third quarter was 20.2%, expanding by over 100 basis points compared to last year, marking another strong quarter in our company's history.
EBITDA Improvement Quarter-over-Quarter: Adjusted EBITDA came in at $6.8 million for the quarter, a $4.3 million improvement from the third quarter of 2023.
New Restaurant Openings: We expect to open at least 40 new restaurants in fiscal year 2025, approximately half of which will be Infinite Kitchens.
Negative
Quarterly Revenue Increase: Total revenue for the quarter was $173.4 million, up from $153.4 million in the third quarter of 2023, growing 13% year-over-year.
Quarterly Net Loss Comparison: Net loss for the quarter was $20.8 million as compared to a loss of $25.1 million in the prior year period.
Administrative Expense Comparison: General and administrative expense was $36.8 million or 21% of revenue as compared to $36 million or 23% of revenue in the prior year period.
Cost of Goods Sold: Food, beverage and packaging costs are 28% of revenue for the quarter, remaining relatively consistent with the prior year period with slightly unfavorable protein costs.
Labor Expense Improvement: Labor and related expenses were 27% of revenue for the third quarter and more than 100 basis points improvement year-over-year.
SG FAQs
How does SG typically perform around its earnings report dates?
Is Sweetgreen, Inc. (SG) Q3 2024 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
SG Earning Call Sentiment
Sweetgreen, Inc. (SG) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
SG.N
-7.03%Positive
The earnings call presents a positive outlook with strong revenue growth, improved margins, and optimistic guidance. Same-store sales growth and successful menu expansion enhance brand appeal. Despite a net loss, improved EBITDA and cash flow indicate financial stability. The Q&A highlights confidence in future growth and operational efficiency. Market expansion and new restaurant openings, including Infinite Kitchens, suggest long-term potential. Although management avoided some specifics, overall sentiment remains favorable, predicting a positive stock price movement, especially given the company's moderate market cap.
