What To Expect From Sweetgreen's (SG) Q4 Earnings

Casual salad chain Sweetgreen (NYSE:SG) will be reporting earnings this Thursday after market hours. Here’s what investors should know.

Sweetgreen missed analysts’ revenue expectations last quarter, reporting revenues of $172.4 million, flat year on year. It was a disappointing quarter for the company, with full-year revenue guidance missing analysts’ expectations significantly and 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 for active Edge members.

This quarter, the market is expecting Sweetgreen’s revenue to decline 1.2% year on year, a reversal from the 5.1% increase it recorded in the same quarter last year.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Sweetgreen has missed Wall Street’s revenue estimates multiple times over the last two years.

Looking at Sweetgreen’s peers in the modern fast food segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Portillo's posted flat year-on-year revenue, meeting analysts’ expectations, and Chipotle reported revenues up 4.9%, topping estimates by 0.6%. Chipotle traded up 1.9% following the results.

Read our full analysis of Portillo’s results here and Chipotle’s results here.

The euphoria surrounding Trump’s November win lit a fire under major indices, but potential tariffs have caused the market to do a 180 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 4.6% on average over the last month. Sweetgreen is down 18.5% during the same time and is heading into earnings with an average analyst price target of $7.90 (compared to the current share price of $5.45).

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