Sweetgreen Sees FY24 Revenue $660M-$675M vs $666.81M Est.
Portfolio Pulse from Benzinga Newsdesk
Sweetgreen projects its FY24 revenue to be in the range of $660M-$675M, which is around the analyst estimate of $666.81M.

May 09, 2024 | 9:10 pm
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POSITIVE IMPACT
Sweetgreen's FY24 revenue projection aligns closely with analyst estimates, indicating stable growth expectations.
Sweetgreen's revenue forecast for FY24 is very close to analyst estimates, which suggests that the company is on track to meet market expectations. This alignment typically has a positive impact on investor sentiment as it indicates management's confidence in the company's growth trajectory and operational stability. Given the close match with analyst expectations, this news is likely to be viewed positively by the market, potentially leading to a short-term uptick in SG's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100