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. (symbol: SG) is a forward-thinking restaurant and lifestyle brand that is redefining the concept of healthy eating at scale. The company is dedicated to providing simple, seasonal, and nutritious food, emphasizing the importance of the choices we make regarding our diet, its origins, and its preparation. Sweetgreen is deeply involved in every aspect of its supply chain, collaborating with trusted partners and farmers to ensure the highest quality of ingredients.
Each Sweetgreen location prepares meals from scratch daily, utilizing whole produce delivered fresh every morning. This commitment to freshness and quality is a hallmark of the brand, which has grown into a family of 1,500 dedicated employees. These individuals are not only passionate about food but also about fostering leadership and living the company's core values.
Sweetgreen's vision extends beyond just serving food; it aims to transform how people perceive and consume food, encouraging a lifestyle that is both health-conscious and environmentally friendly. The company prioritizes organic, regenerative, and locally sourced ingredients, making their menu both plant-forward and earth-friendly.
Recent achievements include expansion into new markets and the development of innovative partnerships with local farmers and producers. Sweetgreen's focus on the community is evident in their practice of meeting farmers before landlords and turning new neighbors into friends. This approach has helped Sweetgreen build strong connections with local neighborhoods, leaving a positive impact wherever they set up shop.
Sweetgreen has announced its support for Food Access LA, ensuring the continuation of eight Los Angeles farmers markets that were at risk of closure. The company's backing will cover operating costs through 2025, benefiting over 10,000 weekly visitors across locations including Atwater Village, Central Ave, Compton College, Crenshaw, Echo Park, Hollywood, LA River, and Watts Willowbrook.
The partnership enables farmers to earn up to four times more than through traditional grocery channels while providing communities with access to fresh produce. Food Access LA, operating for over 30 years, distributes more than 100,000 pounds of food annually through its markets and food equity programs, serving historically underserved areas of Los Angeles.
Sweetgreen has launched a new -edition merchandise collection for the holiday season, featuring 9 pieces including apparel and accessories. The collection includes a 'Kale Camo' hoodie made from biodegradable fleece using 100% reclaimed cotton waste, and an oversized 'Salad' canvas tote bag. The company partnered with a Certified B to ensure sustainable and ethical sourcing. Additional items include crew socks, various hat styles, a two-piece fleece set, and a ringer tee. Along with the merchandise launch, Sweetgreen is also introducing new digital gift cards for use in-store and online food orders.
Sweetgreen, Inc. (NYSE: SG) announced its Q3 2024 financial results. The company reported a 13% increase in total revenue to $173.4 million compared to the same period last year. Same-store sales rose by 6%, driven by price increases and favorable product mix. However, the company recorded a net loss of $20.8 million, an improvement from the $25.1 million loss in Q3 2023. The loss from operations was $21.2 million, with a margin of -12%, compared to a loss of $26.5 million and a margin of -17% in the prior year.
Restaurant-Level Profit increased to $34.9 million with a margin of 20%. Adjusted EBITDA rose to $6.8 million from $2.5 million. The company opened 5 new restaurants, down from 15 in the previous year. Sweetgreen raised its fiscal year 2024 guidance, projecting revenue between $675-$680 million, same-store sales growth of 6-7%, and Adjusted EBITDA between $18-$20 million.
Sweetgreen (SG) announced the opening of its second North Carolina location in North Hills, Raleigh, following its recent Charlotte opening. The new restaurant, located at 4158 Main St., will accommodate 38 indoor and 12 outdoor diners. The location will feature the company's signature salads, warm bowls, and protein plates, including their new Fall Harvest menu items featuring local ingredients from North Carolina suppliers like Goat Lady Dairy and Watkins Farms. For the opening day on October 29, Sweetgreen will partner with the Food Bank of Central & Eastern North Carolina, donating one meal for every meal purchased.
Sweetgreen (NYSE: SG) has announced a -edition collection in collaboration with fashion tech startup MNTGE, launching on National Farmer's Day (Oct. 12). The collection features a custom 'Fruits + Veggies' French workwear jacket with 'Brussels Sprouts' embroidery and an NFC chip, as well as a new graphic tee celebrating 'Brussels Sprouts season' in Los Angeles.
Inspired by Sweetgreen's Fall Harvest menu, the collection aims to honor local farmers and promote sustainable agriculture. 100% of net sales will benefit the National Young Farmers Coalition, a non-profit organization supporting young and aspiring farmers. The collection will be available at a one-day event at Sweetgreen La Brea on Oct. 19 and online at shop.sweetgreen.com, with the jacket priced at $139 and the tee at $49.
Sweetgreen (NYSE: SG) has announced it will release its third quarter 2024 financial results on Thursday, November 7, 2024, after the market close. The company will host a webcast at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss the business and financial results.
Investors can access the live webcast on the investor relations section of Sweetgreen's website at https://investor.sweetgreen.com/. An archived version of the call will be available shortly after and remain accessible for approximately one year.
Sweetgreen utilizes various channels to disclose material information, including SEC filings, press releases, public conference calls, webcasts, and its investor relations website, to ensure broad, non-exclusionary distribution of information and compliance with Regulation FD.
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.
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