Sweetgreen Q4 2023 GAAP EPS $(0.240) Beats $(0.260) Estimate, Sales $153.026M Beat $152.128M Estimate
Portfolio Pulse from Benzinga Newsdesk
Sweetgreen (NYSE:SG) reported Q4 2023 earnings with a smaller loss per share of $(0.240) than expected, beating the $(0.260) estimate. Sales reached $153.026M, surpassing the $152.128M forecast, marking a 29.06% increase from the previous year.
February 29, 2024 | 9:13 pm
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Sweetgreen reported a smaller-than-expected Q4 2023 loss per share and higher sales, indicating operational improvement and growth.
Sweetgreen's better-than-expected Q4 2023 earnings and sales growth suggest operational efficiency and market strength. The EPS beat and sales increase are likely to positively influence investor sentiment and potentially lead to a short-term uptick in SG's stock price.
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IMPORTANCE 90
RELEVANCE 100