Company Performance - Sweetgreen, Inc. (SG) closed at 0.21, indicating a 12.5% increase from the same quarter last year [2] - The Zacks Consensus Estimate for revenue is $162.38 million, representing a 6.11% increase from the previous year [2] Analyst Estimates and Rankings - Recent changes in analyst estimates for Sweetgreen, Inc. reflect short-term business trends, with positive revisions indicating analysts' confidence in the company's performance [3] - The Zacks Rank system, which assesses estimate changes, currently ranks Sweetgreen, Inc. as 2 (Buy), with a historical average annual return of +25% for 1 ranked stocks since 1988 [5] Industry Context - The Retail - Restaurants industry, part of the Retail-Wholesale sector, holds a Zacks Industry Rank of 66, placing it in the top 27% of over 250 industries [6] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [6]
Sweetgreen, Inc. (SG) Increases Despite Market Slip: Here's What You Need to Know