SG

takenorinvalid

Why is your Eurotrash app, like: "SG Hermes TURBO BEST CALL BAR SUPER PARTY FUN TIME!"

_hiddenscout

$TXN Q1 EPS $1.20, consensus $1.07 Reports Q1 revenue $3.66B, consensus $3.61B. Earnings per share included a 10c benefit for items that were not in the company's original guidance. Texas Instruments CEO says revenue declined across all end markets Regarding the company's performance and returns to shareholders, Haviv Ilan, TI's president and CEO, made the following comments: "Revenue decreased 16% from the same quarter a year ago and 10% sequentially, as revenue declined across all end markets. Our cash flow from operations of $6.3 billion for the trailing 12 months again underscored the strength of our business model, the quality of our product portfolio and the benefit of 300mm production. Free cash flow for the same period was $940 million. Over the past 12 months we invested $3.7 billion in R&D and SG&A, invested $5.3 billion in capital expenditures and returned $4.8 billion to owners. TI's second quarter outlook is for revenue in the range of $3.65 billion to $3.95 billion and earnings per share between $1.05 and $1.25. We continue to expect our effective tax rate to be about 13%."

Kcirnek_

Tesla Calls. Reduce SG&A and boost profitability. Bullish af

MotoTrojan

Much better ways to outperform if you want to. You need to add diversifying assets. RSST is an interesting product: For every $1 into it you get $1 S&P500 plus $1 in SG Trend replication (managed-futures trend). Same idea applies to 2x funds as the Twitter thread I posted. With reasonable diversification, leverage helps, but just equities not so great.

Krunk_korean_kid

Wells Fargo Securities, LLC together with Wells Fargo Clearing Services, LLC and Wells Fargo Advisors Financial Network, LLC agreed to pay a $125 million penalty; BNP Paribas Securities Corp. and SG Americas Securities, LLC have each agreed to pay penalties of $35 million; BMO Capital Markets Corp. and Mizuho Securities USA LLC have each agreed to pay penalties of $25 million; Houlihan Lokey Capital, Inc. has agreed to pay a $15 million penalty; Moelis & Company LLC and Wedbush Securities Inc. have each agreed to pay penalties of $10 million; and SMBC Nikko Securities America, Inc. has agreed to pay a $9 million penalty.

Krunk_korean_kid

Separately, the Commodity Futures Trading Commission announced settlements with Wells Fargo Bank NA, Wells Fargo Securities, LLC, BNP Paribas Securities Corp., BNP Paribas S.A., SG Americas Securities, LLC, Société Générale S.A., Bank of Montreal, and Wedbush Securities Inc., for related conduct. The SEC’s investigation into violations by Wells Fargo Securities, LLC, Wells Fargo Clearing Services, LLC and Wells Fargo Advisors Financial Network, LLC, was conducted by Kashya Shei and supervised by Jason H. Lee and Jeremy Pendrey of the San Francisco Regional Office. The investigation into violations of the remaining firms was conducted by Karolina Klyuchnikova, Zachary Sturges, Austin Thompson, and Alison R. Levine, and was supervised by Osman Nawaz and Thomas P. Smith Jr. of the New York Regional Office.

SerialStrategist

You: The screw. The market: A Kola Superdeep Borehole SG-3

ObviousPin9970

Worked for Boeing (28 years) then Spirit Aerospace (14 years). Left on my terms. They wanted the old guys out. I watched it happen from the inside. Add DEI to the list. Also loss control of costs. Look at SG&A. Spirit has 120 executives. Boeing Wichita Division had about 20 executive at the time of divestment. Allen Mullaly would have done Boeing better. “Spilt milk under the bridge .”

Granttheallknowing

I trade certificates. BULL MICRON X10 SG for example. It is a x10 leverage. I trade it out of my Swedish brokerage.

LaykeTaco

And SG… primo food options on the chopping block.

DiversificationNoob

Rivian has a negative (!!) gross margin (!!). They are loosing money even if you dont take research & development and SG&A into account. That is crazy. Plus they are running out of cash in 1-2 years.

DiversificationNoob

Their direct competitor (because they both pioneered mRNA vaccines) is Biontech. The financial comparison is quite interesting. Market cap: B: $ 21.5 billion M: $38.7 billion Total assets 2023: B: $ 23 billion M: $ 18.4 billion Total liabilities: B: $ 2.7 billion M: $ 4.5 billion R&D expense: B: $ 1.78 billion M: $ 4.8 billion SG&A expense: B: $ 0.06 billion + $ 0.5 billion = $ 0.56 billion M: $ 1.5 billion profit for the period Biontech: $ 0.93 billion Net loss Moderna: $ 4.7 billion Biontech is valued half as much as Moderna. Biontech has more cash on hand (25 %), less liabilities (40 % less), lower SG&A expenses (60%) and turned a $1 billion profit instead of almost loosing $5 billion in 2023. The lower R&D expense (50%) is neutral I'd say. One could suspect that they just operate slower. But they got 6 anti cancer mRNA vaccines in phase 2 trials. Annual report 2023 Moderna: [https://d18rn0p25nwr6d.cloudfront.net/CIK-0001682852/12d8720a-9f51-4695-b0e9-f2d45dff1c69.pdf](https://d18rn0p25nwr6d.cloudfront.net/CIK-0001682852/12d8720a-9f51-4695-b0e9-f2d45dff1c69.pdf) Annual report 2023 Biontech: [https://investors.biontech.de/static-files/9a85ed7f-5ca8-4e3b-a15a-32637049aafd](https://investors.biontech.de/static-files/9a85ed7f-5ca8-4e3b-a15a-32637049aafd)

juangusta

it's a lot of money, I reached out to the company asking them about it and they said this. **“**SG&A break-down of $27-$28MM guidance for 2024 Executive mgmt. team payroll + annual bonus: \~$8MM All supporting staff (internal audit, legal, operations, etc.): \~$9MM Public co costs (ie auditors, lawyers, investor relations, insurance):\~ $10MM As a comparative note, all of our public peers have significantly higher SG&A expenses (i.e. CIFR and BITF are >$70MM annually) and do not provide forward guidance. Our level of transparency is unmatched.” Which I took as, yeah we give ourselves large salaries because we created a company that is making enough money to warrant that. So even with such high SG&A their profits are still super high which is why I'm bullish.

InIce1234

SG

trustmeim4dolphins

Where are you getting your numbers? Here's the income statement for FY2023: https://investor.lilly.com/financial-information/fundamentals/income-statement > They spent almost the same amount on marketing that year They had 34.1B in rev and spent 9.3B on R&D, advertising only amounted to 1.1B. Unless you're assuming all SG&A is a form of marketing which is dishonest at best. Dividends only make up 4.2B.

Traditional_Honey108

But you’re in SG. Locals are more pro-China than actual PRCs.

Many_Easy

Jushi a bit top heavy in C-suite and SG&A expenses. I’m expecting restructuring and layoffs there. Hoping Florida doesn’t experience same fate on Monday.

GoblinsStoleMyHouse

That’s all going into R&D and SG&A. They are investing in their platform. Their balance sheet is extremely solid and they have a ton of runway. Besides that, everything is insured anyways. Even in the unlikely event they went under, customers wouldn’t lose assets.

gregfromjersey

The rug pull for DJT, SMR, SG, and the weed stocks is on the horizon. Don't worry.

Bliss266

Full year overview looks far better: > Net sales were $5.273 billion for fiscal year 2023, compared to $5.927 billion for fiscal year 2022. SG&A expenses were $1.324 billion, or 25.1% of net sales, for fiscal year 2023, compared to $1.681 billion, or 28.4% of net sales, for fiscal year 2022. Net income was $6.7 million for fiscal year 2023, compared to a net loss of $313.1 million for fiscal year 2022. Adjusted EBITDA of $64.7 million for fiscal year 2023, compared to adjusted EBITDA of ($192.7) million for fiscal year 2022.

MrExitz

Sweet Green $SG 🤑🤑🤑🤑

yungsavage14

SG provided strong guidance? Been following them all week and can’t comprehend why their stock keeps rising. My gf’s sister works there and she doesn’t think it’s going to be anything special in a couple years

MarketLab

Ya, you hit the nail on the head there. I’m mean, Hulu is a bit of a sub-scale dumpster fire IMO but Disney+ could probably be fine cutting costs massively. They announced a $5.5bn cost cutting plan and upped it to $7.5bn (I think) and most of that is coming out of the programming/production side, as well as the associated SG&A. You can see in that one pic that they’ve already took like $1.2bn out of SG&A. I’m sure a lot of the boat isn’t just over competition in Streaming, but also a hangover from being over staffed with all the MCU/Star Wars/Pixar sht from peak times.

DrGepetto

u/Andrewskeeter thanks for the writeup. A couple thoughts/suggestions. ​ 1. are there other revenue streams besides just Software sales? while small, what about collectibles, accessories, hardware etc? 2. For SG&A Projections, why not use a % re: revenue for each of the previous quarters and then apply that average? Maybe the math works out the same?

Boot9135

SG and has almost doubled since earnings

fuckbrocolli

Just ate my sweetgreen $SG

yungsavage14

Anyone long CAVA or SG?

yungsavage14

Alright CAVA/SG. Each has minimum 2x potential in the next 12 months

theduderino38

Verano popping off for good reason, record revenues… Reporting is out: Fourth Quarter 2023 Financial Highlights Revenue of $237 million, an increase of 5% year-over-year, and decrease of 1% versus the prior quarter. Gross profit of $118 million or 50% of revenue. SG&A expense of $86 million or 36% of revenue. Net loss of $(77) million or (33)% of revenue. Adjusted EBITDA2 of $73 million or 31% of revenue. Net cash provided by operating activities of $32 million. Capital expenditures of $10 million. Free cash flow1 of $23 million. Full Year 2023 Financial Highlights Revenue of $938 million, an increase of 7% year-over-year. Gross profit of $475 million or 51% of revenue. SG&A expense of $332 million or 35% of revenue. Net loss of $(117) million or (13)% of revenue. Adjusted EBITDA2 of $305 million or 32% of revenue. Net cash provided by operating activities of $110 million. Capital expenditures of $36 million. Free cash flow1 of $73 million.

No_Sort_4907

!banbet SG 20 4w

No_Sort_4907

!banbet SG -5% 4wk

No_Sort_4907

!banbet SG $20 4wk

OG_Tater

1 and #2 are mostly the same as they were. The biggest factor you’re missing is customer acquisition costs. They’re very high in the solar industry, usually 2X the cost of panels or more. #3 energy costs- yes it drives value in the alternative. Residential Solar isn’t a need, as it’s a redundant power on a homeowners roof. It’s a want that should save money. #4- NEM 3.0 is California only policy FYI. #5- This is the biggest driver. There’s a lag because companies procure materials for sales after sale but before install. Install timelines can easily be 1 to 2 quarters out. Also, solar financiers secure large tranches of financing. There may have been plenty of money in low interest rate buckets to fill up prior to rates rising. Higher cost of capital lowers the overall proceeds installers get from the system. That’s because they’re competing with electricity rates. Monthly payments to the homeowner must remain competitive/lower with the utility. There’s no elasticity in the price. If the homeowner needs to see a $100 payment and now $30 of that is eaten up by interest rates, then the installer has to lower prices, or not sell the system at all. This reduces the amount of other soft costs that can be baked in, you can’t pay for SG&A when there’s not meat

OG_Tater

#1 and #2 are mostly the same as they were. The biggest factor you’re missing is customer acquisition costs. They’re very high in the solar industry, usually 2X the cost of panels or more. #3 energy costs- yes it drives value in the alternative. Residential Solar isn’t a need, as it’s a redundant power on a homeowners roof. It’s a want that should save money. #4- NEM 3.0 is California only policy FYI. #5- This is the biggest driver. There’s a lag because companies procure materials for sales after sale but before install. Install timelines can easily be 1 to 2 quarters out. Also, solar financiers secure large tranches of financing. There may have been plenty of money in low interest rate buckets to fill up prior to rates rising. Higher cost of capital lowers the overall proceeds installers get from the system. That’s because they’re competing with electricity rates. Monthly payments to the homeowner must remain competitive/lower with the utility. There’s no elasticity in the price. If the homeowner needs to see a $100 payment and now $30 of that is eaten up by interest rates, then the installer has to lower prices, or not sell the system at all. This reduces the amount of other soft costs that can be baked in, you can’t pay for SG&A when there’s not meat.

No_Sort_4907

**!banbet SG 20 5wk

No_Sort_4907

!banbet SG 20 5wk

No_Sort_4907

!banbet SG 19 4wk

No_Sort_4907

!banbet SG 20 4week

No_Sort_4907

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No_Sort_4907

I already have a banbet. I don't want to lead anyone astray here, I just have a position. I was hoping it would go down sooner. If you want a good short position I say you can join me on next one. I wouldn't have my best friend short SG, I'm just talking shit on Wall Street bets. This is kind of 50/50. If you buy ITM for April, I think we will make some money. !banbet

No_Sort_4907

Banbet record: Won: 2 Losses: 0 Join me in my next play. SG to 20 4wk.

No_Sort_4907

Someone tell me why SweetGreen (SG) is going up?

No_Sort_4907

!banbet SG 20 2w

No_Sort_4907

RG has been up 81% in the past month. This shit will go down and you want to get in on the action. They missed earnings and the stock has been going up a few percent every day. The down is coming. Place ITM short position for April or beyond. [Link](https://finance.yahoo.com/quote/SG)

CannaVestments

Cresco posts their strongest quarter in a quite awhile to cap off a disciplined 2023 as a whole, with the year-of-the-core strategy continuing to take shape. Growth was muted throughout the year as the company lacked exposure to new AU markets like NJ/MD/CT, but SG&A reduction and margin improvement led to profit and cash flow improvements. Management in particular highlighted cultivation/processing improvements in core markets that led better yields and lower costs, offsetting market price compression in many states. Looking ahead, management envisions largely stead-state results for most of 2024 until Q4 when Ohio adult-use comes online (where Cresco has a max position of 5 stores/T1 grow today). CapEx for the year will be guided towards optimizing assets ahead of adult-use initiatives in Ohio and potentially later in PA/FL. Comparison to Q3: **Revenue:** Q3 $190.6M to Q4 $188.2M *1.3% sequential decline was better than expected ($182M consensus), with full year revenue landing at $771M (down 8.5% from 2022). Retail was $119M and wholesale at $69M in Q4 for a 63:37 split. Management guided to a MSD decline in Q1 24' and then flat through Q2/Q3 before returning to growth in Q4 with the onset of AU sales in Ohio later in the year. Cresco opened up 1 new store in PA in Q4, with 16 total in 2023 across PA and FL. Management noted they are now fully built out on the retail front until additional capacity comes online in FL.* **Adjusted EBIDTA**: Q3 $49.0M to Q4 $54.8M *Third consecutive quarter of significant improvement here was well ahead of consensus ($44M), with aEBITDA margin jumping from 20.5% to 25.7% in Q3 to 29.1% in Q4 (now in-line with top Tier 1 peers). Only minor adjustments here of $4.4M in one-time costs and $3.0M of SBC for actual EBITDA of $47.4M* **Gross Margins:** Q3 49.1% to Q4 51.1% *Strong results here, up significantly from the 44% posted 1 year ago. Yield improvements and cost reductions in core markets are elevating results.* **Operating Income:** Q3 -$107.8M to Q4 $27.1M *Impairment in Q3 so comparable figure was $21.7M- a nice jump up driven by higher gross profit and lower SG&A.* **Operating Expenses:** Q3 $201.4M to Q4 $69.0 *As noted, impairment in Q3 so comparable figure was $71.9M in Q3, a nice drop from 37.7% of revenue in Q3 to 36.6% in Q4. SG&A was down almost $6M consecutively.* **Operational Cash Flow:** Q3 $40.6M to Q4 -$3.3M *Don't have the full financials yet but working capital and tax payment timing a big part of the drop here with full year OCF landing at $58.6M (up more than 3x 2022's OCF). Capex spend was $4.8M in Q4 and $55M for 2023 (so about $3.6M in 23' FCF), with most going towards new stores in FL/PA as well as facility improvements in PA/IL/MA/FL.* **Cash:** Q3 $113.0M to Q4 $108.5M *As noted, waiting on 10-K here to asses flows. Debt stands at $404M.*

fuckbrocolli

Enjoy I’m balls deep in SG. Eat there 3 times a week too, great restaurant.

fuckbrocolli

All these AI plays and here I am riding a salad company to the moon $SG

Evening_Cut4422

That's after the median, most of the lower class lives in gov subsidies miniature apartments and SG is the only one who can compete with the US. I am from Malaysia a country next to SG, and our GDP simmilar to Thailand, Vietnam, Laos and so on are not even comparable with the US so ya most of south east Asia is very dif from the US (Upper echelon of SG exempted)

No_Sort_4907

!banbet SG 18 2w

fuckbrocolli

$SG headed to Mars

No_Sort_4907

!banbet SG $18 1WK

fuckbrocolli

All these AI companies and yet most of my money is in $CAVA and $SG lol

OmegaThree3

I'll also look at reddit comments. For instance someone said they live near the owners of Sweet Green and they are balling out starting fancy unnecessary restaurants in the town so they must be rolling in cash. Made $5k on SG.

kangadegen

I was saying it before open on Friday. Got clowned. Made crazy gains on puts that cost less than a $SG salad.

Dumb_Nuts

1. Not investment advice. 2. You’re totally right. I don’t follow it at all just looked at factset and I have no clue why it shows EVs as a line item with 4400 on segment analysis. It’s 50k I was way off and should have sanity checked. Sure there’s a lot of room to grow, but like why buy Rivian? Legacy OEMs are going to have better offerings in 2 years when EV market comes back. They’re losing 40k/car sold on gross profit. There’s a long way to go before you’re able to leverage gross margins and then there’s SG&A on top plus needing to continue investing in R&D and production assets. It could easily be another 5-6 years before they even sniff profitability at best. After giving it another look at 9B in cash they may be able to get there without any further raises/dilution but I just don’t think it’s fundamentally a “great business” even if it’s a “great price” What’s their moat? EVs are incredibly hard to differentiate since everyone is using the same batteries and suppliers. It’s going to come down to tech features, styling, and most importantly cost. Incumbents are much better positioned to compete along those 3 axis in my opinion

CannaVestments

A relatively solid Q4 showing to finish the year for Curaleaf, with revenue and aEBITDA ahead of expectations although underlying cash flow generation still trails peers with a still bloated balance sheet. CURA completed the beneficial (although painful) process of exiting 6 markets over the course of the year, which reduced SG&A substantially, enhanced margins, and improved cash flow while focusing on scaling core markets in FL/PA/IL/AZ/NJ. With exposure to a number of new or potential near-term Adult-use markets like CT/NJ/OH/NY/FL/PA, as well as potential expansion in Germany and other European markets, CURA has several growth opportunities ahead- needed to improve cash flow and start paying down liabilities. Note that CURA only included an abbreviated balance sheet and CF statement unlike usual so don't have full read-through into the numbers yet. Comparison to Q3: **Revenue:** Q3 $333.2 to Q4 $345.3M *3.6% sequential growth to finish the year was nicely ahead of analyst expectations ($338M), up 1% from the $340.2M posted 1 year ago on a continuing operations basis but down from the total $352.5M in Q4 22' including exited markets. Total 23' revenue was $1.35B, up 6% YOY. Cura opened 1 new store in FL in Q4 for 6 total in 2023, and also began wholesaling into the AU market in NY in December.* **Adjusted EBITDA:** Q3 $75.3M to Q4 $83.0M *10% sequential growth was also ahead of consensus ($81M), with margin expanding from 22.6% in Q3 to 24.0% in Q4 and up 490bps YOY. Nice to see improvement as Cura exited operations in 6 states during the year (CA/CO/OR/MI/KY/ME) while scaling in core states. Adjustments of $10.4M in one-time costs, $5.8M of SBC, and a $46M impairment taken in the quarter. FY 23' aEBITDA was $304M, down from the $315M posted in 2022.* **Gross Margins:** Q3 45.2% to Q4 45.2% *Flat here at a solid level.* **Operating Income:** Q3 $15.2M to Q4 $14.0M *Down slightly as OpEx increase offset gross profit growth.* **Operating Expenses:** Q3 $134.8M to Q4 $142.2M *Jump here marginally greater than top-line increase, with OpEx as a % of revenue rising from 40.5% in Q3 to 41.2% in Q4- a decent figure here, much better than the past few years although higher than top peers.* **Operational Cash Flow:** Q3 $45.3M to Q4 $18.3M *Drop here to finish the year at $91.2M in reported OCF from continuing operations. Note that Cura didn't include a CF summary like they usually do so don't have insight into tax/inventory/etc dynamics that may have played a part in the quarterly fluctuations. CapEx was $16.1M in Q4 and $65M for 2023 for FCF of $2.2M in Q4 and $25.8M in 2023.* **Cash:** Q3 $118.1M to Q4 $91.8M *Again, dont have the full CF statement and Cura provided only an abbreviated balance sheet so little read into dynamics here. OCF offset by CapEx and what appears to be some sort of reduction in current liabilities. Debt stands at $587.8M, up very slightly from Q4. This is a big number, with $100M+ noted in interest expense in 2023.*

surcie

SG already had earnings and is up like 40% this week. I doubt it will hold

MotoTrojan

Small value is the right answer if you want to be aggressive and seek higher returns. As-is you’re performance chasing.  Here are some ideas though.  RSST is a very new ETF but well designed. For every $1 you put in you get $1 of S&P500 exposure plus $1 of managed futures (replicating SG Trend index). Historically it had lower vol, lower drawdown, and beat S&P500 by ~3%. Replace your existing VOO with it and you’ll maintain that exposed but stick the trend on top.  QMOM is a concentrated systematic momentum fund. Value would diversify you more, but this is worth a shot. 

Delicious-Cold-7106

I haven’t looked into the financials but SG is a very strong brand in the U.S. they charge $$$ for salads and arguably have a premium/ high quality food for the growing mid-upper class. I think there is a better shitty stock with no real value add to short just my 2 cents

Retail-Investor96

Don't sleep on SG healthy chain restaurant spreading fast people are tired of eating food that causes mass obesity and diabetes. I don't know a single person in my personal life that even eats fast food anymore 🤮🤮🤢

fuckbrocolli

Sweetgreen $SG

rt9o

Market expectations are for -5% to -6% comps (vs. -4.6% consensus), reflecting ongoing category weakness and modest market share loss. The Street's gross margin (\~24.6% or \~190 bps of y/y expansion) seems reasonable and in-line with historical seasonality vs. Q3. There could be some gross margin upside in Q4, as TGT has exhibited strong margin control the past few quarters and has outperformed relative to historical seasonality. A risk is that if comps are below consensus, there SG&A deleverage could be weaker (\~115 bps vs. \~95 bps consensus), though this could be outweighed by continued gross margin outperformance. For example, a -5.5% comp with subsequent SG&A deleverage (\~115 bps) and \~100 bps of gross margin upside vs. consensus (implying similar y/y expansion of \~275 bps in Q4 as in Q3) would result in EPS of $2.60, or a \~10% beat. The above setup could already be priced into the stock, with ‘24 guidance the next catalyst/question mark. On a flat comp, assuming \~10-20 bps of EBIT margin expansion, this would result in EPS of \~$8.20- $8.40 (\~9% below the Street at the midpoint). Similar to '23, TGT could set a low bar with the potential for some comp upside and additional margin recapture. There's minimal risk to consensus '24 sales (flattish y/y) based on extrapolating sales/foot seasonality (even with a -5.5% comp in Q4). On margins, upside may be driven by additional gross margin improvement, which could offset potential SG&A deleverage (on a flat comp, \~20 bps or \~2% SG&A/foot growth is possible). The Street is modeling \~90 bps of gross margin expansion vs. '23, however I think \~50 bps of expansion is possible for '24. For '25, I think a \~6% EBIT margin and \~$10.45 in EPS, or \~20 bps/\~2% above the Street. This assumes comps reaccelerate to \~3.5% in '25, which along with a higher mix of discretionary sales, better shrink, and improved fulfillment/supply chain capabilities can drive EBIT growth of \~12%

tearsana

everyone talking about DELL but no one talking about SG. legit bought in 14C Wednesday for 500% gains today. every single SG i go to have long lines. Easy call.

Gambelero

Just look at Verano’s fins. They lost money for the quarter and still had a huge income tax line. That’s on top of indications they were already aggressively moving expenses to CGS. 280e is still in effect. Most likely Trulieve wasn’t moving allowable costs from SG&A to CGS, and filed amended returns to correct that. Few precedents and very little case law exists for what the IRS will and won’t allow because ordinary (not subject to 280e) companies’ taxes are not affected by which category they put expenses in. I’ve heard that the IRS proactively worked with our companies to help them understand what types of costs would be allowable as CGS.

throwAwayMyCsDegree

FML had SG calls but sold them for useless AAPL and fastly calls last week fml fml fml

Electronic_Witness36

SweetGreen #SG Puts

Gambelero

It’s possible that Trulieve got this refund because they did a poor job of allocating expenses in previous returns. Others may have already doing the things Trulieve did in its amended returns. I’m sure Johnson, Kovler and the boys are looking at this closely. It’s also possible that Trulieve found a legitimate, but novel way to jt expenses from SG&A to CGS. If so, I’s expect announcements about filings of amended returns from everyone in the industry.

AVALANCHE_CHUTES

Directly from Rivian's latest 10K: >For the year ended December 31, 2022, we incurred SG&A expenses of $1,789 million, including $82 million of depreciation and amortization expense. SG&A expenses increased compared to the year ended December 31, 2021 primarily due to a $213 million increase in stock-based compensation expense and a $208 million increase in payroll and related expenses. So their 2022 income (bottom line) went down by $213 million (vs prior year) due to an increase in stock based compensation. https://www.sec.gov/ixviewer/ix.html?doc=/Archives/edgar/data/1874178/000187417823000009/rivn-20221231.htm Not that I expect reading to educate you...

Necessary-Onion-7494

This is what people were saying about SG too

ZeroWashu

Their SG&A is nuts... they might get manufacturing to be profitable but running the actual business seems to have a major problem

Stalec

I don’t think it would be treated as a loss and shouldn’t be. It’s a loss of spending power, not an actual economic loss. You might see the impact by an increase in Berkshires SG&A or COGs if that is something in their books. That going up, without an increase in revenue would increase any loss.

flaming_pope

This is real monetary news. Nvidia’s ONLY barrier to Ai has been being ahead in software. Yes their hardware is faster, but this is an SG Ori problem - AMD has much cheaper GPUs per same computational output. ROMC’s lack of support is the only thing preventing AMD from being in the Ai game.

golphist

stock-based comp is non-cash, so it's not like they actually lost that amount as an SG&A expense.

Cadear2

Is anyone looking at SG next Thurs??

Lanky_Doughnut8487

This is certainly one opinion. if you look at the larger picture for this stock, they transformed from a legacy digital media equipment business (supporting brick and mortar theaters) to acquiring one of the largest streaming libraries out there, and becoming an early adopter of AVOD/FAST to supplemental subscription revenue. Their profit margins continue to increase, and in parallel they are reducing their SG&A costs. The backbone of their enterprise (MATCHPOINT) is not only serving as a competitive advantage for them as a streaming company, but they now have a strategic relationship with Amagi to deploy this capability to help other companies streamline their management and deployment of AVOD/FAST channels: which is the trend that new market entrants and legacy comanies are jumping on: the subscription mode alone doesn't seem to be working for most of the many streamers. CNVS was certainly a pioneer in this diversified approach. They have now attracted Google Cloud as a strategic partner in the development of a new AI-based tool to provide interactive personalized catalogue navigation services to help choose digital media based on data elements currently not taken into consideration when navigating your favorite streaming platform. Al indications suggest this company will be profitable next QTR or the following one. CNVS management team has been focused on taking advantage of opportunities, which will pay dividends for the stock price in the future and make it a highly coveted acquisition target for a larger player. CNVS management is committed to not selling the company for far less than its worth; the current stock price is a joke and not based on any of the above positive developments. don't forget the are bankrolling the highly anticipated sequel Terrifier 3, which comes out this fall. Financial results from this movie alone will significantly move the needle on their financial performance and have its own secondary effects (increased merchandise sales, SCREAMBOX subscriptions streaming, etc). I'm certainly biased: i have over 20,000 shares in this stock, but i've also been following it for 3 years and incrementally investing. this is a stock you want to jump on now, within the next 1-2 quarters before it expodes

ObservationalHumor

Oh if only it were that simple. A big issue is just that their OPEX has been out of control forever relative to the actual revenue of the company. Yet again they had $1B in OPEX this quarter against $1.6B in revenue. Things in the core manufacturing part of the company have actually improved and don't look too terrible from a cash flow perspective once you strip out D&A and SBC related costs but they're still spending a ridiculous amount of money on R&D and SG&A to move a relatively small number of vehicles and have done so for years at this point.

uncivil_engineer42

Unsurprising to see CVNA rocket after earnings again. They've been cooking their numbers ever since that debt restructuring deal to make themselves look profitable again. Gross margin is DOWN QoQ (22.6% vs 24.7%) Slight increase in SG&A costs (439 vs 433) EPS down QoQ if you exclude their "income" from debt extinguishment But their EBIDTA is positive because they literally go "What if we didn't have to pay the interest on the huge amount of debt we ran up?" Vehicle inventory is down which I guess is nice that they can start moving their books again but they're still losing money on every unit moved and, if this is the best they can do while still reducing inventory, they still gonna die.

kangadegen

$SG

lavazzalove

CAVA is more focused on the suburbs vs cities. It's possible that the location you're seeing is busier, but that depends on your specific location. CAVA has a better return on capital (granted it's still negative). The Mediterranean diet seems to be gaining in popularity in the US, they plan to triple their locations by 2032. They also have the former founder of Panera Bread as an investor and an active board member. I enjoy eating both. I just like CAVA better for their fundamentals and potential growth. SG did their IPO on the very frothy environment, we may not see that valuation for a few years.

Jack-Charles

Care to elaborate? There’s a Cava and a SG next to where I work. Cava doesn’t seem close to as busy as SG, ever.

SpongEWorTHiebOb

No color needed. A 15% gross margin should tell you that they have no pricing power. Couple that with negative cash flow of -$600 million and you have a struggling company who isn’t making enough to cover SG&A. Hard pass.

Jack-Charles

Sweetgreen. SG. Fresh ingredients, clean establishments. I hope for my portfolio and the good of the nation it skyrockets. I had the same thought as you about Chipotle. Had a girlfriend back in the day that loved it and wished I’d have bought.

SocialyAwkwardBonobo

What’s Next: 2021 FCF, Structural Cost Savings Buffering Downside and the Outer Years: 2021: St model too conservative: significant cash flow heading shareholders’ way 1. Revenue: St is taking 1Q 2yr revenue stack (+6.5%) and modeling a deterioration for 2Q-4Q (\~3% on average). This is because 1Q in the US benefited from substantial stimulus and pent-up demand. However, this fails to appreciate the following: 1. QTD: We believe US 2Q21 QTD (through June) 2yr stack trends are similar to that of 1Q21, despite the lack of stimulus in the quarter and the US largely re-opened. 1. We’re a data-forward fund that uses a large ensemble of alternative data sources (as we reference in some of our previous write ups), including multiple panels of credit cards, debit cards, email receipts, web traffic, geolocation, social media, and multiple promotionality barometers, that cumulatively inform our analysis. 2. July & 2H could improve from 2Q QTD / 1Q21 Trend: 1. The QTD period does not reflect back-to-school, which represents an easier compare than the QTD period because the in-person fall semester was non-existent last year. 2. Further, beginning on July 15th, individuals with income <$75k and households <$150k are eligible for child tax credits that equate to $250 per child for children ages 6-17 ($300 per child 3. Europe is still in recovery, and 2Q & 2H should fare better than 1Q21. 2.  EBIT margin expanded \~1100bps in 1Q21 vs 1Q19. The St is modeling 3Q/4Q EBIT margin expansion of only 350bps and 0bps, respectively. We believe this conservatism is a function of lack of mgmt guidance in 2H and historical volatility in operating results. 1. SG&A: In 1Q21, SG&A was -7% vs ‘19. The St is assuming 2Q-4 on average will realize SG&A +2% vs ‘19, which we take the under on given the permanent reduction in fleet & personnel. 2. GM improvement in 1Q21 vs 1Q19 was 285bps and the St models 2H improvement at 216bps. However, our real-time analysis of promotional emails, online pricing, in-store pricing, order values, and item values gives us confidence that GM rate expansion is continuing to accelerate from 1Q into 2Q (we estimate a 375bps improvement vs 2Q19). Structural cost savings – new run-rate EBITDA substantially above pre-covid levels even if top line were to slow: We acknowledge that each year we look out has less & less visibility. So before discussing 2022 & beyond, it is important to appreciate the structural cost savings that bridge to structurally elevated EBITDA vs pre-covid levels, even on similar demand. This gives us confidence in debunking the bear case of “what if EBITDA goes back to $250-300mm seen in FY19-FY18?” * Mgmt took out $200mm of structural costs in FY20. While we take this aggregate number with a grain of salt, we estimate that half of this is due to rent reductions ($30mm reported due to closure of 7 flagships alone) which gives us confidence. *  4+ more flagships closures on the horizon * In 2019, ANF generated \~$255mm of EBITDA. On the same level of demand, the business would generate \~$455mm of EBITDA today pro forma for mgmt’s stated cost savings. We give $10mm of credit for the next 4 flagships that are destined for closure, $0mm for further rent negotiations, $0mm credit for any potential gross margin (AUR) stickiness, and further haircut this consolidated number by an arbitrary $40mm (20% of the stated structural savings quantum) for conservatism. See table below. * This informs our downside case EBITDA assumption.

AP9384629344432

I've written about [Ubiquiti Networks (UI) a few times before](https://www.reddit.com/r/stocks/comments/1aox0fl/rstocks_daily_discussion_monday_feb_12_2024/kq4vn1w/). They provide all sorts of networking hardware products, such as wireless access points and routers. I don't have much to add about the company's fundamentals (read my former comments if you do). Today I want to talk about their popularity / marketing effectiveness. They seem to target small/mid-sized businesses while Cisco focuses on large scale customers. And that seems consistent with their social media engagement. For instance, I checked out their YouTube channel, and they have 152K subscribers; Cisco has 336K. For context, UI has 1500 employees and a market cap of about $8B; Cisco has 85K employees and a market cap nearing 200B, or 25 times larger. UI's has posted 5 videos so far in 2024, which have 1.5M combined views. Cisco has posted, if I counted right, 68 videos in 2024, with view counts ranging from 50 to 900. A single UI video gets more views than 70 of Cisco's videos put together. (Maybe Cisco, you should work on your marketing, with your 56x larger labor force) UI's most recent video has 78 comments. Cisco's gets maybe 1-2 comments, often just bots or just emoji reactions. In total UI has posted 98 videos, while Cisco has posted over 6K, yet only has twice the subscribers. This is especially notable that UI spends 4% of revenue on SG&A (which includes marketing) vs. Cisco's 22%. The company doesn't do earnings calls and shuns Wall Street. That suggests to me their products have a loyal fanbase and the community is in essence doing the marketing for UI (e.g., by driving engagement on YouTube). Juniper Network's YouTube channel is even more pathetic, by the way, despite more than 3K videos, and similarly Cambium Network's. UI is unique among its peers in this social media sense. Anecdotal, but one user of the products in their business explained to me how frustrated he is whenever they release a new product and it's instantly sold out (sign of good demand). I asked why not switch products, and he said their products are good and it's very difficult to just restructure your networking set-up and move to a competitor. Supply shouldn't be a problem, though, given that they are now flush with inventories and drawing it down over time. (This was the reason for the sell-off in the last 2 years, but the worst is over) As an aside: [This Substack post](https://www.inevitabilityresearch.com/p/the-future-of-networking-and-telecom) on networking/telecom is an excellent overview of all the different players in this space and which stocks are relevant plays, long or short. Sophie is a good follow on Twitter, she works with Citrini as well, who is probably one of the best short/medium term stock pickers I've ever seen on Twitter (he nailed the GLP-1 + AI craze well in advance). He's someone who doesn't care about the 'optics', he doesn't care if something is BS, if it makes money, he's open-minded. [One critique I have about FinTwit / investing crowds is the clique mentality--energy investors shun tech (even try shorting it); tech investors shun big pharma; deep value investors shun quality businesses. It's refreshing to see someone like Citrini dabbling everywhere successfully]

RefuseRabbit

Day 2 testing momentum theory. Ran three sets of stocks yesterday and think I might have found a correlation. I made a guess yesterday based off of what I thought the correlation might be before seeing the results but I was for sure wrong. Anyway... In order of what I think the certainty is, I'm watching: PR SG TRGP

snyder810

I have nothing against RKLB, hope they succeed, but there are a lot of misleading comments here. The most straightforward being that no they do not have a profitable business that is only posting losses due to R&D. As is they cannot cover their SG&A, let alone R&D expenses. They would need to pretty much double revenue from last quarter at current margins to cover current operations before factoring in R&D, but it’s unlikely those costs stay fixed as they continue to scale. I’d expect margin improvement as they scale/shift mix to offset some of that, but this is a company that still has a ways to go to be sustainable without continuing to need outside funding. I hope they get there, but I think a lot the love here is grounded only in the story and comparison to space-x and not in true analysis of a business.

throwAwayMyCsDegree

Anyone else playing SG earnings?

External_Platypus_56

How is SG “on the verge of bankruptcy” are you smoking crack?

AmiaCalva7

Well that's way better than I was expecting. Only a 25M net loss. Cut SG&A by 10M. Still have a long way to go.

Hedgefunds_suck

Huge opportunity alert. TRUE just went EBiTDA positive, revenues are starting to come back as the used car market has been normalizing, dealer volume is coming back as demand and dealer foot traffic has died down. The post-pandemic trend of revenge buying of vehicles is done, higher interest rates have deterred buyers, causing dealers to use marketing material like truecar more. High margin business, SG&A is being cut, high cash levels, should show eps positive this year, $7 price target is very much in the picture.

Hedgefunds_suck

Huge opportunity alert. TRUE just went EBiTDA positive, revenues are starting to come back as the used car market has been normalizing, dealer volume is coming back as demand and dealer foot traffic has died down. The post-pandemic trend of revenge buying of vehicles is done, higher interest rates have deterred buyers, causing dealers to use marketing material like truecar more. High margin business, SG&A is being cut, high cash levels, should show eps positive this year, $7 price target is very much in the picture.

Hedgefunds_suck

Fuck PYPL check this out. Huge opportunity alert. TRUE just went EBiTDA positive, revenues are starting to come back as the used car market has been normalizing, dealer volume is coming back as demand and dealer foot traffic has died down. The post-pandemic trend of revenge buying of vehicles is done, higher interest rates have deterred buyers, causing dealers to use marketing material like truecar more. High margin business, SG&A is being cut, high cash levels, should show eps positive this year, $7 price target is very much in the picture.

Hedgefunds_suck

Here’s a W. Huge opportunity alert. TRUE just went EBiTDA positive, revenues are starting to come back as the used car market has been normalizing, dealer volume is coming back as demand and dealer foot traffic has died down. The post-pandemic trend of revenge buying of vehicles is done, higher interest rates have deterred buyers, causing dealers to use marketing material like truecar more. High margin business, SG&A is being cut, high cash levels, should show eps positive this year, $7 price target is very much in the picture.

Hedgefunds_suck

Huge opportunity alert. TRUE just went EBiTDA positive, revenues are starting to come back as the used car market has been normalizing, dealer volume is coming back as demand and dealer foot traffic has died down. The post-pandemic trend of revenge buying of vehicles is done, higher interest rates have deterred buyers, causing dealers to use marketing material like truecar more. High margin business, SG&A is being cut, high cash levels, should show eps positive this year, $7 price target is very much in the picture.

Hedgefunds_suck

Not a true car thread but this is too juicy not to post. Huge opportunity alert. TRUE just went EBiTDA positive, revenues are starting to come back as the used car market has been normalizing, dealer volume is coming back as demand and dealer foot traffic has died down. The post-pandemic trend of revenge buying of vehicles is done, higher interest rates have deterred buyers, causing dealers to use marketing material like truecar more. High margin business, SG&A is being cut, high cash levels, should show eps positive this year, $7 price target is very much in the picture.

Hedgefunds_suck

Huge opportunity alert. Just bought about 500k worth of the stock. TRUE just went EBiTDA positive, revenues are starting to come back as the used car market has been normalizing, dealer volume is coming back as demand and dealer foot traffic has died down. The post-pandemic trend of revenge buying of vehicles is done, higher interest rates have deterred buyers, causing dealers to use marketing material like truecar more. High margin business, SG&A is being cut, high cash levels, should show eps positive this year, $7 price target is very much in the picture.

Hedgefunds_suck

You should be fine… but check this out: buy the $4 calls exp April for TRUE. It went EBiTDA positive last quarter, revenues are starting to come back as the used car market has been normalizing, dealer volume is coming back as demand and dealer foot traffic has died down. The post-pandemic trend of revenge buying of vehicles is done, higher interest rates have deterred buyers, causing dealers to use marketing material like truecar more. High margin business, SG&A is being cut, high cash levels, should show eps positive this year, $7 price target is very much in the picture. So the options could do 3-400%

Hedgefunds_suck

Huge opportunity alert. TRUE just went EBiTDA positive, revenues are starting to come back as the used car market has been normalizing, dealer volume is coming back as demand and dealer foot traffic has died down. The post-pandemic trend of revenge buying of vehicles is done, higher interest rates have deterred buyers, causing dealers to use marketing material like truecar more. High margin business, SG&A is being cut, high cash levels, should show eps positive this year, $7 price target is very much in the picture.

Hedgefunds_suck

Huge opportunity alert. TRUE just went EBiTDA positive, revenues are starting to come back as the used car market has been normalizing, dealer volume is coming back as demand and dealer foot traffic has died down. The post-pandemic trend of revenge buying of vehicles is done, higher interest rates have deterred buyers, causing dealers to use marketing material like truecar more. High margin business, SG&A is being cut, high cash levels, should show eps positive this year, $7 price target is very much in the picture.

Hedgefunds_suck

Huge opportunity alert. TRUE just went EBiTDA positive, revenues are starting to come back as the used car market has been normalizing, dealer volume is coming back as demand and dealer foot traffic has died down. The post-pandemic trend of revenge buying of vehicles is done, higher interest rates have deterred buyers, causing dealers to use marketing material like truecar more. High margin business, SG&A is being cut, high cash levels, should show eps positive this year, $7 price target is very much in the picture.