Sweetgreen Q3 2023 EPS $(0.22) Misses $(0.17) Estimate, Sales $153.43M Miss $154.03M Estimate
Portfolio Pulse from vinayak@benzinga.com
Sweetgreen (NYSE:SG) reported Q3 2023 earnings per share (EPS) of $(0.22), missing the analyst consensus estimate of $(0.17) by 29.41%. The company also reported quarterly sales of $153.43 million, missing the estimate of $154.03 million by 0.39%. However, both EPS and sales showed an increase compared to the same period last year.
November 02, 2023 | 8:14 pm
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NEUTRAL IMPACT
Sweetgreen's Q3 2023 earnings and sales missed estimates, but showed an increase compared to the same period last year. This mixed result may lead to uncertain market reactions.
Sweetgreen's earnings and sales missed estimates, which could negatively impact the stock. However, the YoY increase in both metrics may be seen as a positive sign by some investors, leading to a neutral short-term impact.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100