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 the launch of the Chipotle Chicken Burrito Bowl, a new menu item that caters to the growing demand for hearty meal options. Available for a limited time, this bowl contains no leafy greens and focuses on protein with blackened chicken, wild rice, and newly added lime cilantro black beans. To celebrate its release and National Burrito Day on April 6, customers can enjoy a 50% discount for one day. Sweetgreen aims to expand its offerings with additional items like the Hummus Crunch Salad and Spring Asparagus Salad. The early spring menu will be available until June 12.
Sweetgreen (NYSE: SG) announced its participation in the J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum on March 14, 2023, at 9:10 a.m. Pacific Time. The company will engage in a fireside chat at the Encore at Wynn in Las Vegas. A live webcast of the discussion will be available on the investor relations section of their website.
Sweetgreen, with over 190 restaurants, is dedicated to making healthy food accessible and focuses on organic, regenerative, and local sourcing. Their app enhances customer experience while promoting a strong food ethos and community investment.
Meati Foods expands its retail partnership with Sprouts Farmers Market (NASDAQ: SFM), launching its animal-free protein products across approximately 380 locations in 23 states. Following a successful pilot in Colorado, the rollout includes various Eat Meati cutlets and steaks now available in the frozen section. Scott Tassani, president of Meati Foods, highlights the high demand and nutritional benefits of these products. This partnership signifies Meati's commitment to broader market availability while supporting sustainable food practices, with plans for a national omni-channel footprint by late 2023.
Sweetgreen, Inc. (NYSE: SG) reported a 23% increase in fourth quarter revenue, totaling $118.6 million, up from $96.4 million in the previous year, driven by 46 net new restaurant openings.
Despite the growth, same-store sales declined to 4% compared to 36% last year, affected by transaction decreases and rising costs. The net loss narrowed to $(49.3) million, an improvement from $(66.2) million in 2021. For 2023, the company forecasts revenue between $575 million and $595 million with a restaurant-level profit margin projected between 15% and 17%.
Sweetgreen, Inc. (NYSE: SG) will publish its fourth-quarter and full-year 2022 financial results on February 23, 2023, after market close. The company will host a webcast at 2:00 p.m. PT (5:00 p.m. ET) to discuss these results. Investors can access the live webcast through the company’s investor relations website, where an archived version will be available for one year. Sweetgreen emphasizes its commitment to providing convenient, healthy food from fresh, local ingredients across its 180+ restaurants, using technology to enhance customer experiences and foster community connections.
sweetgreen (NYSE: SG) has launched Green January, a new campaign aimed at promoting healthy eating habits in the new year. Running from
sweetgreen has opened its first restaurant in Tampa on December 13, marking its fifth new market launch in 2022. The restaurant is located in the Heights District and is designed to cater to young professionals and residents. sweetgreen emphasizes fresh, sustainably-sourced ingredients, featuring regional partnerships for produce. In tandem with the grand opening, the restaurant will donate a meal to Feeding Tampa Bay for every meal sold and will host various community events. The location is part of sweetgreen’s mission to provide healthy, accessible meals nationwide.
sweetgreen has announced the departure of Chief Operating Officer Chris Carr, effective March 17, 2023, due to personal reasons. Carr will continue to advise the company during Q1 2023. Stephanie Traut, SVP of Operations, will assume operational oversight from January 1, 2023. CEO Jonathan Neman highlighted Carr's significant contributions during a challenging operational period, especially amid the pandemic. Traut has over 20 years of operational experience, previously serving at Vasa Fitness and Starbucks, and is expected to enhance the company's operational performance.
Rubicon Technologies, Inc. (NYSE: RBT) has announced a three-year extension with Sweetgreen, Inc. (NYSE: SG) as its lead partner for waste and recycling services. This partnership, which began in 2016, aims to enhance waste diversion and sustainability initiatives. Rubicon will continue managing Sweetgreen's waste programs, focusing on composting, food scraps recycling, and providing sustainability data through its RUBICONConnect™ platform. The collaboration underscores both companies' commitment to sustainability and reducing landfill waste.
Sweetgreen (NYSE: SG) will participate in the Morgan Stanley Global Consumer & Retail Conference on December 7, 2022, at 1:00 p.m. Eastern Time, held at the InterContinental New York Barclay. A live webcast of the event will be available on their investor relations page.
Sweetgreen is known for providing healthy, plant-forward meals, focusing on organic and local ingredients. The brand operates over 180 restaurants and aims to connect people to real food, enhancing customer experiences through technology.
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