- Sweetgreen press release ( NYSE: SG ): Q4 GAAP EPS of -$0.44 misses by $0.06 .
- Revenue of $118.6M (+23.0% Y/Y) misses by $6.13M .
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2023 Outlook
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For fiscal year 2023, we are anticipating the following:
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30-35 Net New Restaurant Openings
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Revenue ranging from $575 million to $595 million
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Same-Store Sales Change of between 2% and 6%
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Restaurant-Level Profit Margin between 15% and 17%
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Adjusted EBITDA between $(20) million to $(10) million
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For the first quarter of fiscal year 2023, we are anticipating the following:
- 6-7 Net New Restaurant Openings
- Revenue ranging from $124 million to $127 million
- Same-Store Sales Change of between 3% and 6%
- Restaurant-Level Profit Margin between 11% and 12%
- Adjusted EBITDA between $(15) million to $(13) million
For further details see:
Sweetgreen GAAP EPS of -$0.44 misses by $0.06, revenue of $118.6M misses by $6.13M