NASDAQ$SG
SweetGreen · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Sweetgreen's Q2 2024 performance reflected strong topline sales growth and Adjusted EBITDA driven by margin flow through and G&A leverage.
Sweetgreen, Inc. reported a 21% increase in total revenue to $184.6 million for the second quarter of fiscal year 2024, compared to the prior year period. The company's Same-Store Sales Change was 9%, and Restaurant-Level Profit Margin was 22%. Adjusted EBITDA was $12.4 million. They are raising their guidance for 2024 given their results during the first half of the year.
- Total revenue increased by 21% to $184.6 million compared to the prior year period.
- Same-Store Sales Change increased by 9%, up from 3% in the prior year period.
- Restaurant-Level Profit was $41.5 million with a Restaurant-Level Profit Margin of 22%.
- Adjusted EBITDA was $12.4 million, compared to $3.3 million in the prior year period.
Headline financials
Revenue & EPS history
Sweetgreen · Revenue · Quarterly
$185M
Forward guidance
For fiscal year 2024, Sweetgreen is updating their financial guidance to reflect the strength of their first and second quarter.
Tailwinds
- 24-26 Net New Restaurant Openings
- Revenue ranging from $670 million to $680 million
- Same-Store Sales Change between 5-7%
- Restaurant-Level Profit Margin of 19%-20%
- Adjusted EBITDA between $16 million to $19 million
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2024
+0.5%
Avg return
Earnings day
+0.1%
Avg return
5 days after
-0.7%
Avg return
30 days after
43%
9 / 21 earnings
Positive
+35.7%
Q1 2024
Best reaction
-22.2%
Q1 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.3% | -5.4% | +7.7% | |
| Q4 2025 | -9.8% | -9.9% | -23.5% | |
| Q3 2025 | -7.4% | -14.1% | +7.0% | |
| Q1 2025 | -16.0% | -14.0% | -22.7% | |
| Q4 2024 | +0.0% | -7.2% | +10.3% | |
| Q3 2024 | -4.7% | -9.0% | +1.0% | |
| Q2 2024 | +35.6% | +33.5% | +7.9% | |
| Q1 2024 | +35.7% | +37.5% | +39.0% | |
| Q4 2023 | +31.9% | +43.8% | +103.7% | |
| Q3 2023 | -6.8% | -5.6% | -4.6% | |
| Q2 2023 | -14.1% | -12.0% | -15.3% | |
| Q1 2023 | +16.7% | +16.4% | +27.5% | |
| Q4 2020 | -1.6% | -10.6% | -33.4% | |
| Q4 2022 | -1.6% | -10.6% | -33.4% | |
| Q3 2021 | -12.4% | -15.7% | -39.0% | |
| Q3 2022 | -20.2% | -13.4% | -36.3% | |
| Q2 2021 | +8.0% | +20.4% | +20.1% | |
| Q2 2022 | +3.5% | +12.6% | +10.6% | |
| Q1 2021 | -22.2% | -32.3% | -33.8% | |
| Q1 2022 | -15.5% | -27.2% | -38.6% | |
| Q4 2021 | +11.2% | +24.2% | +31.8% | |
| Q3 2020 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — | |
| Q4 2019 | — | — | — | |
| Q3 2019 | — | — | — | |
| Q2 2019 | — | — | — | |
| Q1 2019 | — | — | — | |
| Q4 2018 | — | — | — |
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