Sweetgreen reports Q3 EPS (31c), consensus (10c)

Reports Q3 revenue $172.4M, consensus $177.82M. Reports Same-Store Sales Change of (9.5)%, versus Same-Store Sales Change of 5.6% in the prior year period. “Amid a challenging macro backdrop, our priorities remain clear: delivering operational excellence, accelerating menu innovation, and driving disciplined growth. We are focused on the process of building a strong foundation, and I am extremely confident that our leadership team and focused strategy will lead Sweetgreen (SG) back to sustained, profitable growth,” said Jonathan Neman, Co-Founder and Chief Executive Officer of Sweetgreen.