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. reports news about its restaurant business, seasonal menu development, and operating performance as a public company serving healthy food at scale. Coverage centers on financial results, same-store sales, digital revenue, owned digital channels, SG Rewards activity, restaurant-level profitability, and investor communications.
Company updates also include nationwide menu launches such as wraps, salads, and protein-focused limited-time offerings, along with supply-chain stories tied to local farmers and growers. Leadership appointments, real estate and development roles, restaurant portfolio management, and conference participation are recurring corporate themes for SG.
Sweetgreen has appointed Jason Cochran as their new Chief Operating Officer, effective May 5th. Cochran, who will report to Co-Founder and CEO Jonathan Neman, brings over 25 years of operational leadership experience to the restaurant brand.
In his new role, Cochran will oversee Field Operations and Operations Services and Innovation. His extensive background includes serving as:
- CEO of American West Restaurant Group (Pizza Hut's third-largest franchisee)
- Vice President of Operations Services at Chipotle Mexican Grill, supporting 3,000+ restaurants and $8.6B in revenue
- Senior Vice President of U.S. Stores at GameStop, managing 4,400 locations and $7.5B in sales
This strategic appointment aligns with Sweetgreen's mission to connect more people to real food and marks a significant step in the company's growth strategy.
Sweetgreen (NYSE: SG) has scheduled its first quarter 2025 financial results announcement for Thursday, May 8, 2025, after market close. The company will host a webcast at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss business and financial results.
The earnings call webcast will be accessible through the investor relations section of Sweetgreen's website. An archived version will remain available for approximately one year after the call.
Sweetgreen has launched SG Rewards, a nationwide loyalty program offering members 10 points for every eligible dollar spent. The program provides access to exclusive perks and members-only deals, allowing customers to redeem points for free items including their new Ripple Fries.
The launch coincides with the introduction of Ripple Fries, the first air-fried, seed oil-free fries by a national restaurant brand, made with russet potatoes and air-fried in avocado oil. New members joining in April will receive 1,000 bonus points on their first eligible purchase, while existing members making purchases through April 11 will also earn 1,000 bonus points - equivalent to a free order of Ripple Fries.
Members can earn and redeem points through the Sweetgreen app or website, with features including line-skipping and quick checkout options. Existing Sweetgreen account holders will be automatically enrolled in the program.
Sweetgreen (SG) has announced the nominations of two prominent business leaders to its Board of Directors for the 2025 annual meeting: Monty Moran, former co-CEO of Chipotle Mexican Grill, and Dawn Ostroff, former Chief Content and Advertising Business Officer at Spotify.
Moran brings extensive experience in scaling restaurant operations, having transformed Chipotle from a regional brand into a national powerhouse. Ostroff contributes expertise in brand building and consumer engagement from her leadership roles at Spotify, Condé Nast, The CW, and other major media companies.
The nominations coincide with the departure of current board members Youngme Moon and Valerie Jarrett, who will not seek re-election. Jarrett served as Chair of the Nominating, Environmental, Social and Governance Committee, while Moon served on both the NESG and Compensation Committees.
Sweetgreen has announced the opening of its 250th location in Carytown, Richmond, Virginia, marking a significant milestone in the company's expansion. The new 2,162-square-foot restaurant represents the brand's first presence in Richmond.
The location will feature the company's signature menu items including salads, warm bowls, and protein plates, along with their newest offering, Ripple Fries. The restaurant continues its partnership with local suppliers, including FireFly Farms, one of their earliest partners providing goat cheese.
The Carytown location will accommodate 24 indoor and 6 outdoor diners. To celebrate the opening, Sweetgreen is partnering with Feed More, pledging to donate one meal to Central Virginia food insecurity programs for each meal purchased on opening day. The restaurant will also offer mini floral bouquets from Richmond Flower Truck on March 18, while supplies last.
Sweetgreen (NYSE: SG) has announced its participation in two major upcoming investor conferences in March 2025:
- The Bank of America Consumer and Retail Conference on March 11th, 2025, featuring a fireside chat at 9:40am ET
- The J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum on March 13th, 2025, with a fireside chat scheduled for 12:40pm PT
Both events will be accessible to investors through live webcasts and replays available on the Events + Presentations page at investor.sweetgreen.com.
Sweetgreen (SG) has launched nationwide Ripple Fries, a healthier version of traditional french fries made with just five ingredients and cooked in avocado oil. As the first national brand to offer air-fried fries without seed oils, this launch represents another step in Sweetgreen's mission to redefine fast food.
The Ripple Fries feature a crispy exterior and light center, made from freshly cut russet potatoes and seasoned with salt and herbs. They are served with two new housemade sauces: Garlic Aioli and Pickle Ketchup. This launch follows a successful market test in Los Angeles and joins other recent menu innovations like Caramelized Garlic Steak and air-fried Maple-Glazed Brussels.
Sweetgreen (NYSE: SG) reported its Q4 and fiscal year 2024 results, showing mixed performance. Q4 revenue increased 5% to $160.9 million, with same-store sales up 4%. However, the company posted a Q4 net loss of $(29.0) million.
Full-year 2024 highlights include:
- Total revenue grew 16% to $676.8 million
- Same-store sales increased 6%
- Restaurant-Level Profit margin improved to 20%
- Net loss decreased to $(90.4) million
- First full year of Adjusted EBITDA profitability at $18.7 million
For 2025, Sweetgreen projects:
- 40+ new restaurant openings
- Revenue of $760-780 million
- Same-store sales growth of 1-3%
- Restaurant-Level Profit Margin of 19.8-20.5%
- Adjusted EBITDA between $32-38 million
Sweetgreen (NYSE: SG) has released its Q4 and fiscal year 2024 financial results, showing mixed performance. The company reported Q4 revenue of $160.9 million, up 5% year-over-year, with same-store sales increasing 4%. For full-year 2024, revenue reached $676.8 million, a 16% increase from 2023.
Key highlights include:
- First full year of Adjusted EBITDA profitability at $18.7 million
- Restaurant-Level Profit Margin improved to 17% in Q4 2024
- Digital revenue represented 56% of total sales
- 10 new restaurant openings in Q4, with 25 total new locations in 2024
For 2025, Sweetgreen projects:
- 40+ new restaurant openings, including 20 with Infinite Kitchen
- Revenue between $760-780 million
- Same-store sales growth of 1-3%
- Adjusted EBITDA of $32-38 million