Sweetgreen, Inc. (SG) Ascends While Market Falls: Some Facts to Note

Company Performance - Sweetgreen, Inc. is expected to report earnings of -$0.11 per share on August 8, 2024, reflecting a year-over-year growth of 45% [1] - The consensus estimate for revenue is projected at $180.03 million, indicating an 18.03% increase from the same quarter last year [1] - For the full year, earnings are projected at -$0.72 per share and revenue at $671.95 million, representing changes of +25.77% and +15.05% respectively from the prior year [8] Stock Performance - Sweetgreen, Inc. shares have decreased by 18.75% over the last month, underperforming the Retail-Wholesale sector's loss of 0.03% and the S&P 500's gain of 1.08% [4] - The stock closed at $24.20, showing a +1.38% change from the previous session, outperforming the S&P 500's daily loss of 0.71% [7] Analyst Estimates - Recent adjustments to analyst estimates for Sweetgreen, Inc. indicate changing near-term business trends, with positive revisions seen as a sign of optimism [5] - The Zacks Rank system currently rates Sweetgreen, Inc. as 2 (Buy), with a 0.34% rise in the Zacks Consensus EPS estimate over the past month [9] Industry Context - The Retail - Restaurants industry, which includes Sweetgreen, Inc., has a Zacks Industry Rank of 148, placing it in the bottom 42% of over 250 industries [6]