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Benzinga

Business

Adam Eckert

Sweetgreen Shares Rip Higher: What's Behind The Move?

Sweetgreen NYSE

Sweetgreen Inc (NYSE:SG) is trading higher Friday after the company reported better-than-expected top-line financial results and issued guidance above estimates.

Sweetgreen said fourth-quarter revenue increased 63% year-over-year to $96.4 million, which beat the $84.71 million estimate. The company reported a quarterly earnings loss of $1.14 per share, which was worse than the estimate for a loss of 66 cents per share.

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