Sweetgreen Inc Stock Price, News & Analysis

Sweetgreen (NYSE: SG) reported its Q4 and fiscal year 2024 results, showing mixed performance. Q4 revenue increased 5% to $160.9 million, with same-store sales up 4%. However, the company posted a Q4 net loss of $(29.0) million.

Full-year 2024 highlights include:

• Total revenue grew 16% to $676.8 million
• Same-store sales increased 6%
• Restaurant-Level Profit margin improved to 20%
• Net loss decreased to $(90.4) million
• First full year of Adjusted EBITDA profitability at $18.7 million

For 2025, Sweetgreen projects:

• 40+ new restaurant openings
• Revenue of $760-780 million
• Same-store sales growth of 1-3%
• Restaurant-Level Profit Margin of 19.8-20.5%
• Adjusted EBITDA between $32-38 million

Sweetgreen (NYSE: SG) has released its Q4 and fiscal year 2024 financial results, showing mixed performance. The company reported Q4 revenue of $160.9 million, up 5% year-over-year, with same-store sales increasing 4%. For full-year 2024, revenue reached $676.8 million, a 16% increase from 2023.

Key highlights include:

• First full year of Adjusted EBITDA profitability at $18.7 million
• Restaurant-Level Profit Margin improved to 17% in Q4 2024
• Digital revenue represented 56% of total sales
• 10 new restaurant openings in Q4, with 25 total new locations in 2024

For 2025, Sweetgreen projects:

• 40+ new restaurant openings, including 20 with Infinite Kitchen
• Revenue between $760-780 million
• Same-store sales growth of 1-3%
• Adjusted EBITDA of $32-38 million

Sweetgreen (NYSE: SG) has scheduled its fourth quarter and full fiscal year 2024 financial results announcement for Wednesday, February 26, 2025, after market close. The company will host a webcast at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss business and financial results.

The earnings call will be accessible through a live webcast on the investor relations section of Sweetgreen's website. An archived version will remain available for approximately one year. The company utilizes various communication channels, including SEC filings, press releases, public conference calls, and its investor relations website to distribute material information to the public in compliance with Regulation FD.

Sweetgreen has launched new protein-packed, seed oil-free menu items for January 2025, featuring their popular Green Goddess Ranch dressing. The -time menu includes four new items: the BBQ Chicken + Ranch plate (39g protein), Blackened Chicken + Ranch bowl (35g protein), Honey BBQ Steak + Ranch plate (31g protein), and Spicy Green Goddess bowl (24g protein).

The Green Goddess Ranch dressing is made in-house daily with avocado oil, featuring dill, basil, cilantro, garlic, and onion. This launch comes as Google searches for 'new ranch flavors' have increased by 250% since November 2023. Customers can also search for options with more than 32 grams of protein on Sweetgreen's website or app, with the ability to double the protein in any meal.

Sweetgreen has announced its support for Food Access LA, ensuring the continuation of eight Los Angeles farmers markets that were at risk of closure. The company's backing will cover operating costs through 2025, benefiting over 10,000 weekly visitors across locations including Atwater Village, Central Ave, Compton College, Crenshaw, Echo Park, Hollywood, LA River, and Watts Willowbrook.

The partnership enables farmers to earn up to four times more than through traditional grocery channels while providing communities with access to fresh produce. Food Access LA, operating for over 30 years, distributes more than 100,000 pounds of food annually through its markets and food equity programs, serving historically underserved areas of Los Angeles.

Sweetgreen has launched a new -edition merchandise collection for the holiday season, featuring 9 pieces including apparel and accessories. The collection includes a 'Kale Camo' hoodie made from biodegradable fleece using 100% reclaimed cotton waste, and an oversized 'Salad' canvas tote bag. The company partnered with a Certified B to ensure sustainable and ethical sourcing. Additional items include crew socks, various hat styles, a two-piece fleece set, and a ringer tee. Along with the merchandise launch, Sweetgreen is also introducing new digital gift cards for use in-store and online food orders.

Sweetgreen, Inc. (NYSE: SG) announced its Q3 2024 financial results. The company reported a 13% increase in total revenue to $173.4 million compared to the same period last year. Same-store sales rose by 6%, driven by price increases and favorable product mix. However, the company recorded a net loss of $20.8 million, an improvement from the $25.1 million loss in Q3 2023. The loss from operations was $21.2 million, with a margin of -12%, compared to a loss of $26.5 million and a margin of -17% in the prior year.

Restaurant-Level Profit increased to $34.9 million with a margin of 20%. Adjusted EBITDA rose to $6.8 million from $2.5 million. The company opened 5 new restaurants, down from 15 in the previous year. Sweetgreen raised its fiscal year 2024 guidance, projecting revenue between $675-$680 million, same-store sales growth of 6-7%, and Adjusted EBITDA between $18-$20 million.

Sweetgreen (SG) announced the opening of its second North Carolina location in North Hills, Raleigh, following its recent Charlotte opening. The new restaurant, located at 4158 Main St., will accommodate 38 indoor and 12 outdoor diners. The location will feature the company's signature salads, warm bowls, and protein plates, including their new Fall Harvest menu items featuring local ingredients from North Carolina suppliers like Goat Lady Dairy and Watkins Farms. For the opening day on October 29, Sweetgreen will partner with the Food Bank of Central & Eastern North Carolina, donating one meal for every meal purchased.

Sweetgreen (NYSE: SG) has announced a -edition collection in collaboration with fashion tech startup MNTGE, launching on National Farmer's Day (Oct. 12). The collection features a custom 'Fruits + Veggies' French workwear jacket with 'Brussels Sprouts' embroidery and an NFC chip, as well as a new graphic tee celebrating 'Brussels Sprouts season' in Los Angeles.

Inspired by Sweetgreen's Fall Harvest menu, the collection aims to honor local farmers and promote sustainable agriculture. 100% of net sales will benefit the National Young Farmers Coalition, a non-profit organization supporting young and aspiring farmers. The collection will be available at a one-day event at Sweetgreen La Brea on Oct. 19 and online at shop.sweetgreen.com, with the jacket priced at $139 and the tee at $49.