Overview

* Sweetgreen ( SG ) fiscal Q2 revenue rises 0.5% yr/yr, missing analyst expectations, per LSEG data

* Adjusted EBITDA for fiscal Q2 misses consensus, reflecting operational challenges

* Net loss widened due to increased impairment and closure costs

Outlook

* Sweetgreen ( SG ) expects FY 2025 revenue between $700 mln and $715 mln

* Company anticipates Same-Store Sales Change of -6% to -4% for FY 2025

* Sweetgreen ( SG ) plans at least 40 Net New Restaurant Openings in FY 2025

* Company forecasts FY 2025 Adjusted EBITDA between $10 mln and $15 mln

Result Drivers

* REVENUE DRIVERS - Revenue increase driven by new restaurant openings, offset by decline in comparable restaurant sales

* SAME-STORE SALES - Negative 7.6% change due to 10.1% decrease in traffic and product mix, partially offset by price increases

* COST PRESSURES - Increased restaurant-leveladvertising spend and impairment costs impacted operational margins

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Miss $185.60 $192.10

Revenue mln mln (13

Analysts

)

Q2 Miss $6.40 $10.90

Adjusted mln mln (12

EBITDA Analysts

)

Q2 EBIT Miss -$26.40 -$14.20

mln mln (11

Analysts

)

Q2 3.5%

Adjusted

EBITDA

Margin

Q2 Basic -$0.2

EPS

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the restaurants & bars peer group is "buy"

* Wall Street's median 12-month price target for Sweetgreen Inc ( SG ) is $19.00, about 35.2% above its August 6 closing price of $12.32

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)