Sweetgreen Reports Improved Revenue and EBITDA for 2024

Published 14 hours agoSG

Sweetgreen Reports Improved Revenue and EBITDA for 2024

Sweetgreen, Inc. has shared its financial results for the fourth quarter and full fiscal year ending December 29, 2024. The fast-casual restaurant chain saw a 5% growth in total revenue for Q4, reaching $160.9 million, and an impressive 16% increase for the year, totaling $676.8 million, as detailed by GuruFocus. Notably, the company achieved its first full year of Adjusted EBITDA profitability, demonstrating a margin improvement of 3%.

The company also expanded its footprint significantly by opening 10 new restaurants in the fourth quarter, compared to just one during the same period last year. Same-store sales saw a 4% rise, a boost attributed to menu price increases. Meanwhile, Sweetgreen posted a net loss of $29.0 million in Q4, slightly worse than the $27.4 million loss in the previous year, according to Nasdaq.

Looking ahead to 2025, Sweetgreen projects its revenue to be between $760 million and $780 million, with same-store sales growth expected to range from 1% to 3%. Despite facing a challenging competitive landscape in fast-casual dining, Sweetgreen remains focused on expansion and increasing profitability as part of its strategic goals.

Share this article

Twitter Facebook LinkedIn

Recent Articles

Ubiquiti Reports Revenue Growth but Faces Profit Margin Challenges

Ubiquiti Reports Revenue Growth but Faces Profit Margin Challenges

9 minutes agoUI

Ubiquiti Inc. (NYSE: UI) has announced its financial results for the third quarter of fiscal year 2024, ending March 31. The company reported a revenue of $493.0 million, marking a 7.7% increase over the same quarter last year. Despite the revenue uptick, earnings metrics showed a decline, with GAAP diluted earnings per share dropping to $1.26 from $1.63 and non-GAAP diluted EPS falling to $1.28 from $1.65 year-on-year. Notably, Ubiquiti's gross profit stood at $174.1 million with a gross margin of 35.3%, a decrease from last year's 41.2% margin. Operating expenses for Ubiquiti increased to $62.9 million, up from $55.0 million in the previous year's corresponding quarter. This rise in expenses, coupled with a decline in profits, resulted in a net income of $76.3 million, which reflects a significant 22.6% decrease from the $98.6 million reported last year. Moreover, Reuters highlighted the company's decision to declare a dividend of $0.60 per share, payable on May 28, to shareholders recorded by May 20. Ubiquiti's latest financial disclosure suggests a focus on solid revenue performance amid pressure on profit margins. The company's shares were last traded at $353.24, showing a minor change at one of the latest trade times on Friday, May 9. These figures not only underscore the company's capabilities in generating revenue but also its current challenges in maintaining profitability amid rising operational costs.

EchoStar Awaits Q1 2025 Results Amidst Past Financial Adjustments

EchoStar Awaits Q1 2025 Results Amidst Past Financial Adjustments

54 minutes agoSATS

As of May 9, 2025, EchoStar Corporation still awaits the release of its financial results for the first quarter of 2025. The company last reported its financial health for the year ending December 31, 2024, showing progress despite previous challenges. In the fourth quarter of 2024, EchoStar recorded a net loss of $119.55 million, or $0.44 per diluted share, significantly lower than the $1.70 billion loss in the same period of 2023. Total revenue for the quarter was $3.87 billion, meeting expectations and largely supported by the company's Pay-TV segment, even as subscriber numbers dwindled. Notable in 2024 was a noncash gain of approximately $689 million resulting from a debt exchange, which contributed to improving the company's overall financial picture. Without the noncash adjustments, the net loss would have been around $664 million, according to data from EchoStar's investor relations. EchoStar's CEO, Hamid Akhavan, pointed out improvements across all company segments and emphasized the achievement of positive free cash flow during 2024. The Boost Mobile Network was also recognized as the leading mobile network in New York City, representing a positive development as the company looks to leverage these advances in 2025. Investors are keenly waiting for the upcoming financial report to gauge the company's ongoing strategies.

UBS Boosts Boeing's Price Target Amid Improved Delivery and Tariff Management

UBS Boosts Boeing's Price Target Amid Improved Delivery and Tariff Management

UBS has recently lifted its price target for Boeing stock, seeing a bright future for the aerospace giant thanks to its effective management of tariff concerns and improved delivery performance. The price target now stands at $217, up from $208, while UBS maintains its 'Buy' rating for the company, according to a report from Investing.com. Boeing has demonstrated proficiency in handling tariff-related risks, an essential factor leading to the revised price target. As Reuters highlighted, the company has navigated challenges around parts availability that could have impacted their operations significantly. Additionally, Boeing has stabilized its production rates; it's now producing 38 units of the 737 MAX and seven units of the 787 Dreamliner per month, showcasing an upward trend in its delivery capabilities. Strategically, Boeing is exploring potential transactions to strengthen its financial position without sacrificing growth. Its focus remains on robust research, development, and capital expenditures, part of a broader strategy to achieve positive free cash flow by 2027, as reported by Investing.com. The optimism in Boeing's outlook reflects its commitment to maintaining a steady path toward future growth and resilience against market challenges.

Delta and Korean Air Acquire WestJet Stake to Boost North American Presence

Delta and Korean Air Acquire WestJet Stake to Boost North American Presence

Delta Air Lines and Korean Air have taken a noteworthy step in the global airline industry by jointly acquiring a 25% stake in Canadian carrier WestJet for $550 million. Each airline now holds a 12.5% stake in the Canadian company. This move marks a significant consolidation effort, enhancing Delta and Korean Air's strategic position in the North American market. This acquisition is part of a broader strategy to strengthen their partnership, evident from their cooperation as founding members of the SkyTeam alliance. Historically, Delta and WestJet planned to form a joint venture back in 2017, aiming to amplify their trans-Pacific market collaboration, as reported by WestJet's media room. Moreover, WestJet is expanding its codeshare arrangement with Korean Air, introducing six new Asian destinations to facilitate increased connectivity between Canada and Asia, according to Simple Flying. Through this strategic acquisition, Delta and Korean Air aim to enhance the customer experience by improving network connectivity and offering more travel choices. This development underscores a larger trend of consolidation within the airline industry, where major airlines collaborate to widen their global reach and strengthen alliances.