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Sweetgreen, Inc. (SG) Laps the Stock Market: Here's Why
SGSweetgreen(SG) ZACKS·2024-06-10 23:06

Company Performance - Sweetgreen, Inc. (SG) closed at 32.60,reflectinga+0.932.60, reflecting a +0.9% increase from the previous day, outperforming the S&P 500's gain of 0.26% [1] - The stock has risen by 2.38% over the past month, while the Retail-Wholesale sector has seen a loss of 0.54% and the S&P 500 has gained 3.25% [1] Earnings Expectations - Analysts expect Sweetgreen, Inc. to report earnings of -0.12 per share, indicating a year-over-year growth of 40% [2] - Revenue is anticipated to be 180.2million,representingan18.14180.2 million, representing an 18.14% increase from the same quarter last year [2] Full Year Projections - For the full year, earnings are projected at -0.73 per share and revenue at $672.14 million, reflecting changes of +24.74% and +15.08% respectively from the prior year [3] - Recent changes in analyst estimates suggest a positive outlook regarding the company's business and profitability [3] Analyst Ratings - The Zacks Rank system, which evaluates estimate changes, currently ranks Sweetgreen, Inc. at 3 (Hold) [5] - The consensus EPS projection has decreased by 2.47% in the past 30 days [5] Industry Context - The Retail - Restaurants industry, part of the Retail-Wholesale sector, has a Zacks Industry Rank of 163, placing it in the bottom 36% of over 250 industries [6] - Research indicates that top-rated industries outperform the bottom half by a factor of 2 to 1 [6]