
Casual salad chain Sweetgreen (NYSE: SG) will be reporting results this Thursday after market hours. Here’s what investors should know.
Sweetgreen missed analysts’ revenue expectations last quarter, reporting revenues of $192.7 million, up 3.8% year on year. It was a disappointing quarter for the company, with full-year EBITDA guidance missing analysts’ expectations significantly and a significant miss of analysts’ EBITDA estimates.
Is Sweetgreen a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Sweetgreen’s revenue to decline 1.4% year on year, in line with its flat revenue from the same quarter last year.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings.
Looking at Sweetgreen’s peers in the restaurants segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Chipotle delivered year-on-year revenue growth of 9.6%, meeting analysts’ expectations, and Wingstop reported revenues up 5.3%, falling short of estimates by 4%. Chipotle traded up 8.9% following the results while Wingstop was also up 17.7%.
Read our full analysis of Chipotle’s results here and Wingstop’s results here.
There has been positive sentiment among investors in the restaurants segment, with share prices up 13.4% on average over the last month. Sweetgreen is up 24.3% during the same time and is heading into earnings with an average analyst price target of $9.45 (compared to the current share price of $11.30).
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