Sweetgreen reports Q2 EPS (24c), consensus (16c)

Reports Q2 revenue $152.5M, consensus $156.7M. “As we entered 2023, we doubled down on our commitment to durability – balancing high growth and profitability – and our second quarter performance put that commitment into action,” said Jonathan Neman, CEO. “In the second quarter, we recorded our ninth consecutive quarter of over 20% sales growth year over year. We delivered a restaurant level margin of over 20% as well as achieved Adjusted EBITDA profitability of $3.3 million. I could not be more optimistic about the future of Sweetgreen as we continue to execute on our mission and invest in profitable growth.”