Sweetgreen reports Q4 EPS (24c), consensus (22c)

Reports Q4 revenue $153.0M, consensus $152.0M. “2023 was a strong year for Sweetgreen – we continued to demonstrate high growth, substantial operating leverage and executed on significant innovation across the business. In the fourth quarter, we expanded restaurant-level profit margins by 500 basis points in 2023 compared to 2022, and our guidance calls for Adjusted EBITDA profitability in 2024(2),” said Jonathan Neman, CEO. “We have a strong foundation to build off in 2024, and we will continue to focus on menu innovation, great restaurant operations, and the Infinite Kitchen to capture demand and drive traffic. I couldn’t be more optimistic and excited for the year ahead.”