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 (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
Sweetgreen (NYSE: SG) has scheduled its fourth quarter and full fiscal year 2024 financial results announcement for Wednesday, February 26, 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 will be accessible through a live webcast on the investor relations section of Sweetgreen's website. An archived version will remain available for approximately one year. The company utilizes various communication channels, including SEC filings, press releases, public conference calls, and its investor relations website to distribute material information to the public in compliance with Regulation FD.
Sweetgreen has launched new protein-packed, seed oil-free menu items for January 2025, featuring their popular Green Goddess Ranch dressing. The -time menu includes four new items: the BBQ Chicken + Ranch plate (39g protein), Blackened Chicken + Ranch bowl (35g protein), Honey BBQ Steak + Ranch plate (31g protein), and Spicy Green Goddess bowl (24g protein).
The Green Goddess Ranch dressing is made in-house daily with avocado oil, featuring dill, basil, cilantro, garlic, and onion. This launch comes as Google searches for 'new ranch flavors' have increased by 250% since November 2023. Customers can also search for options with more than 32 grams of protein on Sweetgreen's website or app, with the ability to double the protein in any meal.
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.
FAQ
What is the current stock price of Sweetgreen (SG)?
What is the market cap of Sweetgreen (SG)?
What does Sweetgreen, Inc. do?
What is Sweetgreen's approach to sourcing ingredients?
How does Sweetgreen prepare its food?
What are Sweetgreen's core values?
How many employees does Sweetgreen have?
What is Sweetgreen's vision?
What recent achievements has Sweetgreen made?
How does Sweetgreen engage with local communities?
What makes Sweetgreen's menu unique?
Where can I find Sweetgreen locations?
