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, 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.
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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