Latest news with #SweetgreenInc
Yahoo
2 days ago
- Business
- Yahoo
Here's What Key Metrics Tell Us About Sweetgreen (SG) Q2 Earnings
For the quarter ended June 2025, Sweetgreen, Inc. (SG) reported revenue of $185.58 million, up 0.5% over the same period last year. EPS came in at -$0.20, compared to -$0.13 in the year-ago quarter. The reported revenue represents a surprise of -3.11% over the Zacks Consensus Estimate of $191.54 million. With the consensus EPS estimate being -$0.12, the EPS surprise was -66.67%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Here is how Sweetgreen performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Same-store sales: -7.6% versus the five-analyst average estimate of -5.3%. Ending restaurants: 260 versus the five-analyst average estimate of 256. New Restaurant Openings: 9 compared to the 5 average estimate based on four analysts. View all Key Company Metrics for Sweetgreen here>>> Shares of Sweetgreen have returned -7.7% over the past month versus the Zacks S&P 500 composite's +1.9% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Sweetgreen, Inc. (SG) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
3 days ago
- Business
- Yahoo
Sweetgreen Shares Tumble After Ripple Fries Fail to Thrill
(Bloomberg) -- Sweetgreen Inc. is discontinuing its ripple fries, a menu item that it promised customers could 'feel good about,' after only five months. All Hail the Humble Speed Hump Three Deaths Reported as NYC Legionnaires' Outbreak Spreads Mayor Asked to Explain $1.4 Billion of Wasted Johannesburg Funds Major Istanbul Projects Are Stalling as City Leaders Sit in Jail Chicago Schools' Bond Penalty Widens as $734 Million Gap Looms The move comes as the chain booked a second consecutive quarterly sales drop. Shares plummeted 23% Friday in New York for their biggest decrease on record. Sweetgreen's fries were meant to appeal to customers looking for a healthier option than what's offered at other restaurants. They were air fried and made with avocado oil instead of seed oils, which have become a target of US Health Secretary Robert F. Kennedy Jr., despite limited evidence that they cause harm. But without the fry volume of, say, a McDonald's, Sweetgreen's fries would often sit on the counter and the fresh taste would suffer. Many customers drawn to the chain for salad and healthy fare weren't coming to the restaurant for the $4.95 fries, which the company promised would 'redefine fast food.' Sweetgreen said customers liked the fries, but they added too much complexity to restaurant operations, Chief Executive Officer Jonathan Neman said Thursday on a call with analysts. 'Starting next week, we will be discontinuing ripple fries in order to focus on our core' products such as chicken and vegetables, he said. The salad chain is struggling to improve operations and lure diners back to its $15 salads and bowls. On Thursday, the chain slashed its sales guidance after its restaurants posted a 7.6% drop in second-quarter comparable sales. The company now anticipates that sales at restaurants open for at least a year will drop between 4% and 6% this year, a big step down from prior expectations that the measure would be flat. The stock had already lost about 61% of its value this year through Thursday's close, compared with a decline of less than 1% for the Russell 2000 Index. Sweetgreen said its sales pullback was more pronounced in several of the company's large urban markets and that it would work on how customers perceive the value of its meals. In May 2024, the chain launched steak as a protein option, which drew in diners and boosted sales numbers thanks to its higher price tag. This time around, traffic declined and people switched to cheaper alternatives, according to the company. Neman said comparable sales have improved modestly so far in the third quarter. The chain has boosted chicken and tofu portions by 25%, upgraded some recipes to improve taste and quality, and started $13 limited-time offers, he added. In July, it reintroduced its seasonal menu after finding that the novelty appeals to frequent customers. It also launched a new loyalty program to draw people in. --With assistance from Tonya Garcia. (Updates with closing share price in second paragraph.) The Pizza Oven Startup With a Plan to Own Every Piece of the Pie Digital Nomads Are Transforming Medellín's Housing Russia's Secret War and the Plot to Kill a German CEO It's Only a Matter of Time Until Americans Pay for Trump's Tariffs The Game Starts at 8. The Robbery Starts at 8:01 ©2025 Bloomberg L.P.
Bloomberg
4 days ago
- Health
- Bloomberg
Sweetgreen Nixes Fries that Sought to ‘Redefine' Fast Food
Sweetgreen Inc. is discontinuing its ripple fries, a menu item that it promised customers could ' feel good about,' after only five months. The product sought to appeal to diners looking for a more healthful option. They were air fried and made with avocado oil instead of seed oils, which have become a target of US Health Secretary Robert F. Kennedy Jr., despite limited evidence that they cause harm.
Mint
08-05-2025
- Business
- Mint
Sweetgreen Cuts Guidance in Latest Sign of Restaurant Weakness
(Bloomberg) -- Sweetgreen Inc. cut its annual guidance — another sign that US restaurant spending is softening. The company now expects sales at established locations to be flat this year, down from a prior forecast of growth between 1% and 3%. It also lowered revenue expectations, as well as adjusted earnings excluding items such as interest and taxes, according to a statement Thursday. The shares fell 7.3% at 4:30 p.m. in late trading in New York. Same-store sales fell 3.1% in the first quarter, less than the 3.5% decline that was projected by analysts polled by Bloomberg. The chain cautioned in February that sales at established restaurants would drop as much as 5% due in part to extreme weather and the fires in Los Angeles, which generates 15% of the company's revenue. Its warning came just as President Donald Trump's trade war was sparking a slump in consumer confidence. Restaurants such as McDonald's Corp., Wendy's Co. and Chipotle Mexican Grill Inc. have posted weak results tied to the economic malaise. Sweetgreen's plan to bring in consumers during the first quarter included a ranch-forward lineup with higher protein and no seed oils, which US health secretary Robert F. Kennedy Jr. has decried as unhealthful despite limited evidence. It also introduced airfried fries, likely helping lift traffic in early March, according to an analysis of mobility data by Morgan Stanley analyst Brian Harbour. Since then, it's launched a revamped loyalty program and a new Korean-inspired menu, in line with a strategy to offer more novelty to frequent customers. Still, Harbour is cautious on the chain in a tough economic environment given it's higher-priced than peers and because of its popularity as an office lunch concept, he wrote in a note ahead of earnings. More stories like this are available on
