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Sweetgreen | 10-Q: Q3 2024 Earnings Report

Sweetgreen | 10-Q: Q3 2024 Earnings Report

Sweetgreen | 10-Q:2024財年三季報
美股SEC公告 ·  2024/11/09 02:10

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Sweetgreen reported Q3 2024 revenue of $173.4 million, up 13% year-over-year, driven by 31 net new restaurant openings and a 6% increase in same-store sales. The growth was attributed to a 4% benefit from menu price increases and a 2% rise in traffic and favorable product mix. Restaurant-level profit margin improved to 20% from 19% in the prior year quarter.Operating loss narrowed to $21.2 million from $26.5 million last year, reflecting improved operational efficiency despite higher food and labor costs. The company maintained strong liquidity with $234.6 million in cash and cash equivalents, while generating positive operating cash flow of $37.3 million for the first nine months of 2024.The company expanded its footprint to 236 locations across 22 states and Washington D.C., opening 5 new restaurants during Q3. Digital channels accounted for 55% of revenue, with owned digital channels representing 29%. Management continues to focus on restaurant growth and deployment of its Infinite Kitchen technology while maintaining cost discipline.
Sweetgreen reported Q3 2024 revenue of $173.4 million, up 13% year-over-year, driven by 31 net new restaurant openings and a 6% increase in same-store sales. The growth was attributed to a 4% benefit from menu price increases and a 2% rise in traffic and favorable product mix. Restaurant-level profit margin improved to 20% from 19% in the prior year quarter.Operating loss narrowed to $21.2 million from $26.5 million last year, reflecting improved operational efficiency despite higher food and labor costs. The company maintained strong liquidity with $234.6 million in cash and cash equivalents, while generating positive operating cash flow of $37.3 million for the first nine months of 2024.The company expanded its footprint to 236 locations across 22 states and Washington D.C., opening 5 new restaurants during Q3. Digital channels accounted for 55% of revenue, with owned digital channels representing 29%. Management continues to focus on restaurant growth and deployment of its Infinite Kitchen technology while maintaining cost discipline.
Sweetgreen報告2024年第三季度營業收入爲17340萬美元,同比增長13%,這得益於新開31家餐廳和同店銷售增長6%。增長歸因於菜單提價帶來的4%收益和客流量增長及有利產品組合帶來的2%增加。餐廳級利潤率從去年同期的19%提升至20%。經營虧損縮小至2120萬美元,去年爲2650萬美元,反映出儘管食品和勞動力成本上升,運營效率有所改善。公司保持強勁的流動性,現金及現金等價物達到23460萬美元,同時2024年前九個月產生積極的經營現金流3730萬美元。公司在22個州和華盛頓特區擴展到236個地點,在第三季度開設了5家新餐廳。數字渠道佔營業收入的55%,自有數字渠道佔29%。管理層繼續專注於餐廳增長和其Infinite Kitchen科技的部署,同時保持成本紀律。
Sweetgreen報告2024年第三季度營業收入爲17340萬美元,同比增長13%,這得益於新開31家餐廳和同店銷售增長6%。增長歸因於菜單提價帶來的4%收益和客流量增長及有利產品組合帶來的2%增加。餐廳級利潤率從去年同期的19%提升至20%。經營虧損縮小至2120萬美元,去年爲2650萬美元,反映出儘管食品和勞動力成本上升,運營效率有所改善。公司保持強勁的流動性,現金及現金等價物達到23460萬美元,同時2024年前九個月產生積極的經營現金流3730萬美元。公司在22個州和華盛頓特區擴展到236個地點,在第三季度開設了5家新餐廳。數字渠道佔營業收入的55%,自有數字渠道佔29%。管理層繼續專注於餐廳增長和其Infinite Kitchen科技的部署,同時保持成本紀律。
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