Sweetgreen Inc Stock Price, News & Analysis

Sweetgreen, the fast-casual restaurant chain, is opening its first North Carolina location in Uptown Charlotte at One Independence Center. The 2,479-square-foot space marks a significant milestone in the brand's nationwide expansion. Sweetgreen's menu features salads, warm bowls, protein plates, and sides, including new fall-inspired items with locally sourced ingredients like goat cheese from Goat Lady Dairy and sweet potatoes from Watkins Farms.

To celebrate the opening on September 30, Sweetgreen is partnering with Second Harvest Food Bank of Metrolina, donating a meal for every meal purchased on opening day. The restaurant is also hosting a kick-off party with giveaways from local businesses. The new location will accommodate 42 diners inside and 26 on the patio, operating seven days a week with extended hours.

Sweetgreen (NYSE: SG) has unveiled its new fall menu featuring air-fried Maple Glazed Brussels Sprouts. The lineup includes the Autumn Harvest Bowl, a seasonal twist on their popular Harvest Bowl, along with two new items: Maple Glazed Brussels + Chicken protein plate and Maple Glazed Brussels + Sweet Potatoes side.

The Autumn Harvest Bowl combines roasted sweet potatoes, crispy apples, goat cheese, blackened chicken, and wild rice with the new Brussels sprouts. Sweetgreen sources ingredients locally when possible, partnering with farms like Dynasty Farms in California, which uses sustainable practices. The fall menu will be available at participating locations from September 17, 2024, until the end of the season.

Sweetgreen, the fast-casual salad chain, is set to open its first Ohio restaurant in Columbus on September 4, 2024. Located at 700 North High Street in the Short North neighborhood, the 3,605-square-foot space will accommodate up to 46 diners. The grand opening celebration will feature giveaways from local partners and a ribbon-cutting ceremony.

The menu will include popular items like the Harvest Bowl and Crispy Rice Bowl, as well as the new Caramelized Garlic Steak. Sweetgreen is partnering with Mid-Ohio Food Collective to donate a meal for every purchase made on opening day. The restaurant will be open daily from 10:30 a.m. to 10:00 p.m., offering dine-in, delivery, and carry-out options.

Sweetgreen (NYSE: SG) has announced its participation in two upcoming investor conferences. The company will present at the Goldman Sachs 31st Annual Global Retailing Conference on September 5th, 2024, with a fireside chat scheduled for 1:10 PM ET. Additionally, Sweetgreen will attend the Piper Sandler Growth Frontiers Conference on September 10th, 2024, with a fireside chat set for 10:00 AM CT.

Investors and interested parties can access live webcasts of both fireside chats through Sweetgreen's investor relations website at investor.sweetgreen.com, specifically on the Events + Presentations page. These conferences provide an opportunity for Sweetgreen to engage with investors and share insights about the company's performance and future strategies.

Sweetgreen (NYSE: SG) has appointed Christopher Tarrant as SVP, Chief Development Officer. Tarrant, reporting to COO Rossann Williams, will oversee Real Estate Development, Design and Construction. With nearly two decades of restaurant industry experience, Tarrant previously served as Chief Development Officer at Nothing Bundt Cakes and held key positions at Starbucks, McDonald's, Panera Bread, and Krispy Kreme.

Rossann Williams expressed excitement about Tarrant joining during a pivotal growth phase, citing his extensive real estate experience and industry knowledge as invaluable assets. Tarrant's role will be important in advancing Sweetgreen's mission to connect more communities with real food as the company expands nationwide.

Sweetgreen (NYSE: SG) reported strong Q2 2024 financial results, with total revenue increasing 21% to $184.6 million. The company saw a 9% Same-Store Sales Change, up from 3% in the prior year period. Despite a net loss of $(14.5) million, this represents an improvement from $(27.3) million in Q2 2023. Restaurant-Level Profit Margin increased to 22%, and Adjusted EBITDA rose to $12.4 million from $3.3 million year-over-year.

The company opened 4 Net New Restaurants in Q2 2024. Based on strong first-half performance, Sweetgreen has updated its fiscal year 2024 guidance, projecting revenue between $670-$680 million and 24-26 Net New Restaurant Openings.

Sweetgreen (NYSE: SG) will announce its financial results for the second quarter of 2024 on August 8, 2024, after market close. The company will host a webcast at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss the results. A live webcast will be available on Sweetgreen's investor relations website, and an archived version will remain accessible for about one year. Sweetgreen uses various channels, including SEC filings, press releases, and webcasts, to disseminate important information and comply with Regulation FD.

Sweetgreen (NYSE: SG) announced its participation in two upcoming investor conferences. The company will present at the 44th Annual William Blair Growth Stock Conference on June 5, 2024, with a fireside chat at 9:20am CT. Additionally, Sweetgreen will present at Oppenheimer's 24th Annual Consumer Growth and E-Commerce Conference on June 11, 2024, with a virtual fireside chat at 3:00pm ET. Both events will be webcast live on Sweetgreen's investor relations page.

Sweetgreen, Inc. announced its financial results for the first quarter of 2024, reporting a 26% increase in total revenue compared to the prior year. The company achieved positive Adjusted EBITDA and expressed confidence in its growth strategy. The Restaurant-Level Profit Margin expanded by 400 basis points to 18%. Sweetgreen plans 23-27 Net New Restaurant Openings and expects revenue to range from $660 million to $675 million for fiscal year 2024.