Recap: Sweetgreen Q4 Earnings
Portfolio Pulse from Benzinga Insights
Sweetgreen (NYSE:SG) reported Q4 earnings with an EPS of $-0.24, missing estimates by -14%, and revenue up $34.46 million YOY. The company previously missed EPS estimates last quarter, leading to a 12% share price drop the following day.
February 29, 2024 | 9:15 pm
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NEGATIVE IMPACT
Sweetgreen reported a Q4 EPS of $-0.24, missing the estimated $-0.21, with a revenue increase of $34.46 million from the previous year.
Given Sweetgreen's history of stock price decline following an earnings miss last quarter, it's likely the reported earnings miss could lead to a short-term negative impact on the stock price. The -14% miss on EPS estimates, despite a revenue increase, indicates potential concerns over profitability and cost management, which could influence investor sentiment negatively.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100