NASDAQ$SG
SweetGreen · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Sweetgreen's Q4 2023 earnings reflect a strong finish to the year, marked by revenue growth, improved profitability, and strategic innovation.
Sweetgreen reported a 29% increase in total revenue to $153.0 million for Q4 2023, driven by new restaurant openings and a 6% increase in same-store sales. The company's restaurant-level profit margin expanded to 16%, and the net loss decreased to $(27.4) million. Sweetgreen is focused on menu innovation and restaurant operations.
- Total revenue increased by 29% to $153.0 million compared to the prior year.
- Same-store sales increased by 6%, driven by menu price increases and traffic/mix.
- Restaurant-level profit margin improved to 16%, up from 11% in the prior year.
- Net loss decreased to $(27.4) million, reflecting improved profitability.
Headline financials
Revenue & EPS history
Sweetgreen · Revenue · Quarterly
$153M
Forward guidance
For fiscal year 2024, Sweetgreen anticipates between 23-27 net new restaurant openings, revenue ranging from $655 million to $670 million, same-store sales change between 3-5%, restaurant-level profit margin of 18.0%-19.5%, and adjusted EBITDA between $8 million to $15 million.
Tailwinds
- 23-27 Net New Restaurant Openings
- Revenue ranging from $655 million to $670 million
- Same-Store Sales Change between 3-5%
- Restaurant-Level Profit Margin of 18.0%-19.5%
- Adjusted EBITDA between $8 million to $15 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 Q4 2023
+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 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro