Bullish investors hope they can ride the momentum to big portfolio gains. It's been an encouraging year for investors. As of Aug. 13, the S&P 500 has climbed 14% and is trading just 4% off its peak price. The market might still believe that a recession can be avoided. However, some businesses have benefited more than others from the bullish tone. Fast-casual salad purveyor Sweetgreen (SG 1.63%) is in a league of its own. Its shares have skyrocketed 205% this year, a gain that would've tripled your money in ...

With less than 250 locations, the restaurant chain has plenty of opportunity to expand its footprint. Shares of Sweetgreen (SG 1.63%) increased by more than 33% after the restaurant operator raised its outlook following strong second-quarter results. The stock has now tripled this year. Already one of the hottest stocks on the market, Sweetgreen may seem like a missed opportunity to anyone who was sitting on the sidelines during its post-earnings surge. But let's take a closer look at the company's most rec ...

1 T I H 1 I LIF T t 4 Alex Potemkin We've read plenty of headlines in the mainstream media that consumers are starting to push back against price increases and trade down to cheaper goods, particularly when it comes to food. But if this is true, then the $15+ salads at Sweetgreen (NYSE:SG) aren't feeling the impact. The custom salad chain, best known more recently for pushing to automate its stores with robotic salad assembly, is seeing tremendous strength in same-store sales, with traffic increasing despit ...

Healthy fast-casual restaurant operator Sweetgreen Inc. NYSE: SG reported stellar metrics on its Q2 2024 earning report, causing shares to spike 29%. The healthy lifestyle salad and bowl restaurant chain saw a solid boost in traffic and sales. On the surface, the company missed bottom-line estimates by 4 cents and is still not profitable. However, a deeper look under the hood reveals an incredible improvement in same-store sales (SSS), jumping 9% YoY, causing adjusted EBITDA to surge to $12.4 million, up fr ...

MoMo Productions/DigitalVision via Getty Images Introduction On August 8, Sweetgreen (NYSE:NYSE:SG) released its Q2 earnings, and the company's stellar performance caused the stock to rise 26% following the release. Our strong buy report that we started in November 2023 has yielded an amazing stock return for our readers. After reviewing Sweetgreen's Q2 numbers, however, we are even more optimistic about this stock because multiple data indications indicated that Sweetgreen was about to go mainstream. We so ...

Key Takeaways Sweetgreen cut its second-quarter losses nearly in half and beat revenue estimates as it added new locations. The salad restaurant chain also had a 9% year-over-year gain in same-store sales. Sweetgreen raised the low end of its full-year outlook on several financial metrics. Sweetgreen (SG) shares skyrocketed Friday, a day after the salad restaurant chain slashed its loss, boosted sales, and raised its guidance as it expanded locations. Sweetgreen posted a second-quarter net loss of $14.5 mil ...

Sweetgreen Inc (NYSE:SG) is near the top of the New York Stock Exchange (NYSE) today, last seen up 22.1% to trade at $32.09. While the health-centric, fast-casual restaurant reported a steeper-than-expected second-quarter loss, a revenue beat and increased same-store sales outlook is fueling the upside today. In response, four brokerages hiked their price targets, the highest coming from Oppenheimer to $36 from $34. The stock is no stranger to outsized post-earnings moves, gapping higher 34% after in May an ...

Sweetgreen, Inc. (NYSE:SG) Q2 2024 Earnings Call August 8, 2024 5:00 PM ET Company Participants Rebecca Nounou - Investor Relations Jonathan Neman - Co-Founder and Chief Executive Officer Mitch Reback - Chief Financial Officer Conference Call Participants Sharon Zackfia - William Blair Katherine Griffin - Bank of America Brian Mullan - Piper Sandler Logan Reich - RBC Capital Markets Jon Tower - Citi Brian Bittner - Oppenheimer & Co. Andrew Charles - TD Cowen Christine Cho - Goldman Sachs Brian Harbour - Mor ...

Revenue Performance - Revenue for the thirteen weeks ended June 30, 2024, was $184,641 thousand, compared to $152,525 thousand for the same period in 2023, representing a year-over-year increase of 21%[16] - Revenue for the twenty-six weeks ended June 30, 2024, was $342,491,000, an increase of $64,904,000 or 23% from $277,587,000 in the prior year[124] - The in-store channel revenue for the thirteen weeks ended June 30, 2024, was $81.760 million, up from $63.202 million in the prior year, marking a 29% increase[31] - The marketplace channel revenue increased to $46.533 million for the thirteen weeks ended June 30, 2024, compared to $32.698 million in the same period last year, reflecting a growth of 42%[31] - Same-store sales increased by 9% for the thirteen weeks ended June 30, 2024, compared to 3% for the same period in 2023, driven by a 5% benefit from menu price increases and a 4% increase due to traffic and favorable product mix[125] Cost and Expenses - Total restaurant operating costs for the thirteen weeks ended June 30, 2024, were $143,122 thousand, up from $121,436 thousand in the same period last year, reflecting an 18% increase[16] - Labor and related expenses for the thirteen weeks ended June 30, 2024, were $49,668,000, a 14% increase from $43,513,000 in the same period last year[130] - Food, beverage, and packaging costs for the thirteen weeks ended June 30, 2024, were $49,883,000, a 22% increase from $40,992,000 in the prior year, remaining at 27% of total revenue[128] - General and administrative expenses were $39,202 for the thirteen weeks ended June 30, 2024, slightly down from $40,350 in the prior year[101] - Occupancy and related expenses for the thirteen weeks ended June 30, 2024, increased to $15,021,000, an 11% rise from $13,526,000 for the same period in 2023, primarily due to 36 net new restaurant openings[134] Profit and Loss - Net loss for the thirteen weeks ended June 30, 2024, was $14,460 thousand, compared to a net loss of $27,258 thousand for the same period in 2023, indicating a 47% improvement in losses[16] - Loss from operations for the thirteen weeks ended June 30, 2024, was $16,184, compared to a loss of $31,246 for the same period in 2023, representing a 48.3% improvement[101] - Adjusted EBITDA for the thirteen weeks ended June 30, 2024, was $12,357, significantly up from $3,269 in the same period last year, marking a 277.5% increase[103] - The net loss margin improved to (8)% for the thirteen weeks ended June 30, 2024, compared to (18)% for the same period in 2023[103] Cash Flow and Liquidity - Cash and cash equivalents as of June 30, 2024, were $244,583 thousand, a decrease from $257,230 thousand as of December 31, 2023[15] - Cash flows from operating activities provided $22,542 thousand for the twenty-six weeks ended June 30, 2024, compared to $4,821 thousand for the same period in 2023, indicating a significant increase[23] - The company reported a net decrease in cash and cash equivalents of $12.2 million for the twenty-six weeks ended June 30, 2024[158] - The company’s liquidity and capital requirements are primarily for new restaurant development and initiatives to improve customer experience[153] Restaurant Expansion - The company opened 10 net new restaurants during the twenty-six weeks ended June 30, 2024, bringing the total to 231 restaurants across 20 states and Washington, D.C.[25] - The company had 13 facilities under construction as of June 30, 2024, compared to 7 facilities as of December 31, 2023, indicating expansion efforts[40] - The company opened 10 new restaurants during the twenty-six weeks ended June 30, 2024, with property and equipment purchases totaling $32.7 million[161] Stock and Compensation - The company reported a weighted average of 113,580,674 shares used in computing net loss per share for the thirteen weeks ended June 30, 2024[16] - Stock-based compensation expense decreased to $20,529 thousand for the twenty-six weeks ended June 30, 2024, from $28,667 thousand in the same period of 2023, reflecting a 28.5% reduction[23] - The company has $22.4 million in unrecognized compensation expense related to unvested stock-based compensation arrangements, expected to be recognized over a weighted average period of 2.14 years[65] Future Outlook - The company expects revenue to increase as it focuses on opening additional restaurants and expanding its menu offerings[104] - Labor and related expenses are anticipated to grow in line with revenue increases, influenced by minimum wage legislation and labor market conditions[109] - The company plans to increase investments in its Owned Digital Channels to attract new customers and enhance order frequency[105] - Pre-opening costs are expected to rise in fiscal year 2025 as the company accelerates its new restaurant growth rate[114]

The market expects Sweetgreen, Inc. (SG) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be releas ...