Sweetgreen (SG) Q1 2022 earnings


A Sweetgreen banner on the NYSE, November 18, 2021.

Source: NYSE

Sweetgreen on Thursday reported widening losses for its first quarter, but sales jumped 67% as workers returned to their offices and resumed their old lunchtime routines.

Shares of the company rose more than 5% in extended trading.

Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:

  • Loss per share: 45 cents vs. 41 cents expected
  • Revenue: $102.6 million vs. $101.5 million expected

The salad chain reported first-quarter net loss of $49.2 million, or 45 cents per share, wider than its net loss of $30 million, or $1.77 per share, a year earlier. Analysts surveyed…

Source cnbc.com

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