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SG (Sweetgreen) Gross Profit : $129.8 Mil (TTM As of Sep. 2024)


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What is Sweetgreen Gross Profit?

Sweetgreen's gross profit for the three months ended in Sep. 2024 was $34.9 Mil. Sweetgreen's gross profit for the trailing twelve months (TTM) ended in Sep. 2024 was $129.8 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Sweetgreen's gross profit for the three months ended in Sep. 2024 was $34.9 Mil. Sweetgreen's Revenue for the three months ended in Sep. 2024 was $173.4 Mil. Therefore, Sweetgreen's Gross Margin % for the quarter that ended in Sep. 2024 was 20.15%.

Sweetgreen had a gross margin of 20.15% for the quarter that ended in Sep. 2024 => Competition eroding margins

During the past 5 years, the highest Gross Margin % of Sweetgreen was 19.40%. The lowest was -3.94%. And the median was 14.74%.


Sweetgreen Gross Profit Historical Data

The historical data trend for Sweetgreen's Gross Profit can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Sweetgreen Gross Profit Chart

Sweetgreen Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Gross Profit
43.98 -8.70 40.41 69.29 101.92

Sweetgreen Quarterly Data
Dec19 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Gross Profit Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 29.11 24.78 28.54 41.52 34.94

Competitive Comparison of Sweetgreen's Gross Profit

For the Restaurants subindustry, Sweetgreen's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Sweetgreen's Gross Profit Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Sweetgreen's Gross Profit distribution charts can be found below:

* The bar in red indicates where Sweetgreen's Gross Profit falls into.



Sweetgreen Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Sweetgreen's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as

Gross Profit (A: Dec. 2023 )=Revenue - Cost of Goods Sold
=584.041 - 482.121
=101.9

Sweetgreen's Gross Profit for the quarter that ended in Sep. 2024 is calculated as

Gross Profit (Q: Sep. 2024 )=Revenue - Cost of Goods Sold
=173.431 - 138.49
=34.9

Gross Profit for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $129.8 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Sweetgreen's Gross Margin % for the quarter that ended in Sep. 2024 is calculated as

Gross Margin % (Q: Sep. 2024 )=Gross Profit (Q: Sep. 2024 ) / Revenue (Q: Sep. 2024 )
=(Revenue - Cost of Goods Sold) / Revenue
=34.9 / 173.431
=20.15 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


Sweetgreen  (NYSE:SG) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Sweetgreen had a gross margin of 20.15% for the quarter that ended in Sep. 2024 => Competition eroding margins


Sweetgreen Gross Profit Related Terms

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Sweetgreen Business Description

Traded in Other Exchanges
N/A
Address
3102 36th Street, Los Angeles, CA, USA, 90018
Sweetgreen Inc is a next-generation restaurant and lifestyle brand that serves healthy food at scale. It is creating plant-forward, seasonal, and earth-friendly meals from fresh ingredients and produce that prioritizes organic, regenerative, and local sourcing.
Executives
Nicolas Jammet director, officer: Chief Concept Officer C/O SWEETGREEN, INC., 3101 W. EXPOSITION BOULEVARD, LOS ANGELES CA 90018
Jonathan Neman director, officer: Chief Executive Officer C/O SWEETGREEN, INC., 3101 W. EXPOSITION BOULEVARD, LOS ANGELES CA 90018
Nathaniel Ru director, officer: Chief Brand Officer C/O SWEETGREEN, INC., 3101 W. EXPOSITION BOULEVARD, LOS ANGELES CA 90018
Julie Bornstein director C/O REDFIN CORPORATION, 1099 STEWART STREET, SUITE 600, SEATTLE WA 98101
Neil Harris Blumenthal director C/O WARBY PARKER INC., 233 SPRING STREET, 6TH FLOOR, NEW YORK NY 10013
Bradley E Singer director ONE LETTERMAN DRIVE, BUILDING D, 4TH FLOOR, SAN FRANCISCO CA 94129
Adrienne Gemperle officer: Chief People Officer C/O SWEETGREEN, INC., 3101 W. EXPOSITION BOULEVARD, LOS ANGELES CA 90018
Mitch Reback officer: Chief Financial Officer C/O SWEETGREEN, INC., 3101 W. EXPOSITION BOULEVARD, LOS ANGELES CA 90018
Wouleta Ayele officer: Chief Technology Officer C/O SWEETGREEN, INC., 3101 W. EXPOSITION BOULEVARD, LOS ANGELES CA 90018
Youngme E Moon director 75 NETWORK DRIVE, BURLINGTON MA 01803
James Mcphail officer: Chief Development Officer C/O SWEETGREEN, INC., 3101 W. EXPOSITION BOULEVARD, LOS ANGELES CA 90018
Daniel Shlossman officer: SVP, Digital and Growth C/O SWEETGREEN, INC., 3101 W. EXPOSITION BOULEVARD, LOS ANGELES CA 90018
Chris Carr officer: Chief Operating Officer 7930 JONES BRANCH DRIVE, MCLEAN VA 22102
Clifford Burrows director 2401 UTAH AVE. S., SUITE 800, SEATTLE WA 98134
Valerie B Jarrett director USG CORPORATION, 125 SOUTH FRANKLIN STREET, CHICAGO IL 60606

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