: Sweetgreen stock wilts after results, outlook disappoint


Sweetgreen Inc. SG, -4.72% shares fell in the extended session Thursday after the plant-based fast-food chain’s quarterly results and outlook came in below Wall Street expectations. Sweetgreen shares fell 9% after hours, following a 4.7% decline in the regular session to close at $9.29. The company reported a fourth-quarter loss of $49.3 million, or 44 cents a share, compared with a loss of $66.2 million, or $1.14 a share, in the year-ago period. Revenue rose to $118.6 million from $96.4 million in the year-ago quarter. Analysts surveyed by FactSet had forecast a loss of 40 cents a share on revenue of $124.7 million. Sweetgreen forecast revenue of $124 million to $127 million for the first quarter, and revenue of $575 million to $595 million for the year. Analysts had estimated revenue of $134.8 million for the first quarter, and revenue of $628.9 million for the year.

This article was originally published by Marketwatch.com. Read the original article here.

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