Casual salad chain Sweetgreen (NYSE:SG) will be announcing earnings results this Thursday after market close. Here’s what to expect.
Sweetgreen beat analysts’ revenue expectations by 0.9% last quarter, reporting revenues of $166.3 million, up 5.4% year on year. It was a mixed quarter for the company, with a solid beat of analysts’ EBITDA estimates but full-year EBITDA guidance missing analysts’ expectations significantly.
Is Sweetgreen a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Sweetgreen’s revenue to grow 3.9% year on year to $191.8 million, slowing from the 21.1% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.05 per share.
Heading into earnings, analysts covering the company have grown increasingly bullish with revenue estimates seeing 3 upward revisions over the last 30 days (we track 10 analysts). Sweetgreen has missed Wall Street’s revenue estimates four times over the last two years.
Looking at Sweetgreen’s peers in the modern fast food segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Shake Shack delivered year-on-year revenue growth of 12.6%, beating analysts’ expectations by 0.9%, and Wingstop reported revenues up 12%, topping estimates by 0.5%. Shake Shack traded down 20.7% following the results while Wingstop was up 29.7%.
Read our full analysis of Shake Shack’s results here and Wingstop’s results here.
Questions about potential tariffs and corporate tax changes have caused much volatility in 2025. While some of the modern fast food stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 8.1% on average over the last month. Sweetgreen is down 5.7% during the same time and is heading into earnings with an average analyst price target of $20.08 (compared to the current share price of $12.48).
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