Sweetgreen Q2 Adj EPS $(0.20) Misses $(0.16) Estimate, Sales $152.53M Miss $156.70M Estimate
Portfolio Pulse from sunil@benzinga.com
Sweetgreen (NYSE:SG) reported Q2 adjusted EPS of $(0.20), missing the estimate of $(0.16) by 25%. The company also reported quarterly sales of $152.53M, missing the estimate of $156.70M by 2.66%. However, these figures represent an increase of 44.44% and 22.10% respectively over the same period last year.
July 27, 2023 | 8:21 pm
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NEGATIVE IMPACT
Sweetgreen's Q2 results missed estimates, which could negatively impact the stock in the short term. However, the year-over-year growth might mitigate some of the negative impact.
Sweetgreen's Q2 results missed analyst estimates, which is typically a negative signal for the stock. However, the company showed significant year-over-year growth, which could be seen as a positive sign and might mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100