Sweetgreen, Inc (SG) reported Q2 EPS of ($0.36), $0.06 worse than the analyst estimate of ($0.30). Revenue for the quarter came in at $124.9 million versus the consensus estimate of $130.18 million.
GUIDANCE:
Sweetgreen, Inc sees FY2022 revenue of $480-500 million, versus the consensus of $530 million.
- At least 35 Net New Restaurant Openings
- Revenue ranging from $480 million to $500 million
- Same-Store Sales Change of between 13% and 19%
- Restaurant-Level Profit Margin between 15% and 17%
- Adjusted EBITDA between $(45) million to $(35) million