
Sweetgreen reported mixed results for its fourth quarter of fiscal year 2024, with an adjusted earnings per share (EPS) of -$0.25, falling short of the estimated -$0.20. Revenue reached $160.9 million, below the expected $163.4 million, but marked a 5% increase year-over-year. The company's same-store sales rose by 4%, while restaurant-level profit stood at $28 million. Additionally, Sweetgreen's adjusted EBITDA was reported at -$0.6 million. Looking ahead, the company guided for an EBITDA of -$2 million in the first quarter of fiscal year 2025, compared to an estimate of $2.1 million, but projected a total EBITDA of $35 million for the year. In a strategic move to attract customers, Sweetgreen announced the introduction of fries for the first time in 2025 and the launch of a new loyalty program, aiming to enhance its appeal in the fast-casual dining sector.
๐บ๐ธ Sweetgreen is betting on fries and Michelin-starred chefs to keep customers coming back https://t.co/j40TftgaEt
๐ Industry leaders like @sweetgreen are setting the standard for innovation. And yes, we would like fries with our salad. ๐ https://t.co/iEaivAOHqZ https://t.co/rS4GHpmj0Z
While the fries are not "fried," further proof that indulgence sells in restaurants, even for concepts that have a healthy positioning. Sweetgreen bets you'll want fries with that salad https://t.co/8exyHxBPZA