Sweetgreen, Inc. (SG) Reports Q3 Loss, Misses Revenue Estimates

Core Viewpoint - Sweetgreen, Inc. reported a quarterly loss of $0.18 per share, slightly worse than the Zacks Consensus Estimate of a loss of $0.16, but an improvement from a loss of $0.22 per share a year ago [1][2] Financial Performance - The company posted revenues of $173.43 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 0.14%, but showing an increase from $153.43 million year-over-year [2] - Sweetgreen has not surpassed consensus EPS estimates over the last four quarters, with a recent earnings surprise of -12.50% [1][2] Stock Performance - Sweetgreen shares have increased approximately 268.5% since the beginning of the year, significantly outperforming the S&P 500's gain of 24.3% [3] Future Outlook - The company's earnings outlook will be crucial for determining the stock's immediate price movement, with current consensus EPS estimates at -$0.24 for the coming quarter and -$0.75 for the current fiscal year [4][7] - The estimate revisions trend for Sweetgreen is currently mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6] Industry Context - The Retail - Restaurants industry, to which Sweetgreen belongs, is currently in the top 29% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]