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Sweetgreen | 10-Q: Q2 2024 Earnings Report

Sweetgreen | 10-Q: Q2 2024 Earnings Report

Sweetgreen | 10-Q：2024財年二季報
美股SEC公告 ·  2024/08/10 03:07

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Sweetgreen reported Q2 2024 revenue of $184.6 million, up 21% year-over-year, driven by 36 net new restaurant openings and 9% same-store sales growth. Net loss narrowed to $14.5 million from $27.3 million in Q2 2023. Restaurant-level profit margin improved to 22% from 20% last year.Revenue growth was fueled by menu price increases and higher traffic. Food and labor costs rose due to new restaurant openings and wage increases, particularly in California. However, as a percentage of revenue, labor costs decreased from 29% to 27% on improved efficiency.Management highlighted continued expansion, with 4 net new restaurants opened in Q2. Digital orders accounted for 56% of revenue. The company maintained its Average Unit Volume at $2.9 million. Looking ahead, Sweetgreen plans to accelerate new restaurant growth in fiscal 2025 and integrate its Infinite Kitchen technology into more locations.
Sweetgreen reported Q2 2024 revenue of $184.6 million, up 21% year-over-year, driven by 36 net new restaurant openings and 9% same-store sales growth. Net loss narrowed to $14.5 million from $27.3 million in Q2 2023. Restaurant-level profit margin improved to 22% from 20% last year.Revenue growth was fueled by menu price increases and higher traffic. Food and labor costs rose due to new restaurant openings and wage increases, particularly in California. However, as a percentage of revenue, labor costs decreased from 29% to 27% on improved efficiency.Management highlighted continued expansion, with 4 net new restaurants opened in Q2. Digital orders accounted for 56% of revenue. The company maintained its Average Unit Volume at $2.9 million. Looking ahead, Sweetgreen plans to accelerate new restaurant growth in fiscal 2025 and integrate its Infinite Kitchen technology into more locations.
Sweetgreen報告2024年第二季度營業收入爲18460萬，同比增長21%，主要得益於新增36家餐廳和9%的同店銷售增長。淨虧損從2023年第二季度的2730萬縮減至1450萬。餐廳層面的利潤率從去年的20%提高至22%。營業收入的增長得益於菜單價格的上漲和更高的客流量。由於新餐廳的開設和工資的上漲，尤其在加利福尼亞州，食品和勞動力成本有所上升。不過，勞動力成本作爲營業收入的百分比從29%降至27%，主要是由於效率的提高。管理層強調了持續擴張，第二季度新增4家餐廳。數字訂單佔營業收入的56%。公司保持其平均單元成交量爲290萬。展望未來，Sweetgreen計劃在2025財年加速新餐廳的增長，並將其Infinite Kitchen科技整合到更多地點。
Sweetgreen報告2024年第二季度營業收入爲18460萬，同比增長21%，主要得益於新增36家餐廳和9%的同店銷售增長。淨虧損從2023年第二季度的2730萬縮減至1450萬。餐廳層面的利潤率從去年的20%提高至22%。營業收入的增長得益於菜單價格的上漲和更高的客流量。由於新餐廳的開設和工資的上漲，尤其在加利福尼亞州，食品和勞動力成本有所上升。不過，勞動力成本作爲營業收入的百分比從29%降至27%，主要是由於效率的提高。管理層強調了持續擴張，第二季度新增4家餐廳。數字訂單佔營業收入的56%。公司保持其平均單元成交量爲290萬。展望未來，Sweetgreen計劃在2025財年加速新餐廳的增長，並將其Infinite Kitchen科技整合到更多地點。
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