Sweetgreen, Inc. (SG) Stock Drops Despite Market Gains: Important Facts to Note

Company Performance - Sweetgreen, Inc. (SG) closed at $6.66, reflecting a -6.98% change from the previous day, underperforming the S&P 500's 0.5% gain [1] - The stock has increased by 2.73% over the past month, which is below the Retail-Wholesale sector's gain of 5.24% but above the S&P 500's gain of 0.18% [1] Earnings Expectations - Analysts expect Sweetgreen, Inc. to report earnings of -$0.32 per share, representing a year-over-year decline of 28% [2] - The consensus estimate for revenue is $159.29 million, indicating a 1% decrease from the same quarter last year [2] Annual Estimates - For the annual period, the Zacks Consensus Estimates predict earnings of -$0.87 per share and revenue of $683.56 million, reflecting shifts of -10.13% and 0% respectively from the previous year [3] - Recent revisions to analyst forecasts for Sweetgreen, Inc. should be monitored as they may indicate changes in short-term business dynamics [3] Zacks Rank and Industry Position - Sweetgreen, Inc. currently holds a Zacks Rank of 3 (Hold), with the Zacks Consensus EPS estimate having decreased by 3.6% over the past month [5] - The Retail - Restaurants industry, part of the Retail-Wholesale sector, has a Zacks Industry Rank of 202, placing it in the bottom 18% of over 250 industries [6]