Welcome to our dedicated page for Sweetgreen news (Ticker: SG), a resource for investors and traders seeking the latest updates and insights on Sweetgreen stock.
Sweetgreen Inc (NYSE: SG) operates at the intersection of fast casual dining and conscious capitalism, serving chef-curated salads and bowls made from locally sourced ingredients. This news hub provides investors and stakeholders with timely updates on the company's financial performance, operational developments, and sustainability initiatives.
Access official press releases alongside market analysis covering earnings reports, store expansions, supply chain innovations, and environmental commitments. Our curated feed tracks SG's progress in redefining fast casual dining through its farm-to-fork philosophy and digital ordering advancements.
Key updates include quarterly financial disclosures, leadership announcements, regional partnerships with organic farms, and technological enhancements to its mobile app ecosystem. Bookmark this page for structured access to Sweetgreen's evolving business narrative, including strategic moves within the $300B US restaurant industry.
For those monitoring ESG investments or plant-based market trends, this repository offers essential insights into SG's carbon neutrality roadmap and workforce development programs. Return regularly to stay informed about how Sweetgreen balances growth objectives with its founding mission of connecting people through real food.
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.
Sweetgreen (NYSE: SG) has expanded its protein offerings by launching Caramelized Garlic Steak nationwide, featuring premium grass-fed, pasture-raised steak in three new dishes. Guests can enjoy this new protein in various chef-crafted entrées or as an addition to signature dishes starting May 7. The steak is seasoned with a garlic spice blend, roasted for a caramelized char, and finished with extra virgin olive oil and herbs, providing classic steakhouse flavors. Sweetgreen aims to provide high-quality, delicious options to its customers by offering 100% grass-fed and pasture-raised steak, supporting sustainable farming practices.
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