Sweetgreen Cooks Up 20%+ After-Hours Gain on Well-Received Q2 Results
$Sweetgreen (SG.US)$ rose more than 20% after hours Thursday after the restaurant chain reported well-received Q2 earnings and forward guidance.
SG gained 22.9% to $32.27 shortly before 4:30 p.m. ET after reporting that revenues rose 21% year on year to $184.6 million. That helped the company narrow its quarterly loss to $14.5 million from $27.3 million in Q2 2023.
The company also boosted guidance for 2024 as a whole to $670 million-$680 million in revenues, 24-26 net new restaurant openings and $16 million-$19 million in EBITDA.
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