Sweetgreen Q1 2024 GAAP EPS $(0.23) Misses $(0.22) Estimate, Sales $157.850M Beat $151.971M Estimate
Portfolio Pulse from Benzinga Newsdesk
Sweetgreen (NYSE:SG) reported Q1 2024 earnings with a GAAP EPS of $(0.23), missing the $(0.22) estimate, but sales of $157.850M exceeded the $151.971M forecast. This represents a 23.33% decrease in losses and a 26.22% increase in sales compared to the same period last year.
May 09, 2024 | 8:36 pm
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POSITIVE IMPACT
Sweetgreen reported a slight miss on EPS estimates but exceeded sales forecasts for Q1 2024, indicating a reduction in losses and significant sales growth year-over-year.
Despite missing the EPS estimate, the significant sales beat and the reduction in losses compared to the previous year are positive indicators for Sweetgreen's financial health and operational efficiency. This could lead to a positive short-term impact on the stock price as investors may focus more on the sales growth and improved loss margins.
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IMPORTANCE 90
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