Sweetgreen, Inc. - SG STOCK NEWS

sweetgreen has announced the opening of its first restaurants in Indiana and Minnesota on September 13. The new locations in Indianapolis and Edina will feature a menu focused on fresh and sustainably sourced ingredients. sweetgreen aims to connect communities to healthy food options, showcasing the local agricultural roots of both states. The restaurants will also launch pilot menus catering to families and dinner offerings. For every meal sold on the opening day, sweetgreen will donate a meal to local hunger relief organizations.

sweetgreen (NYSE: SG) has announced its participation in the Goldman Sachs 29th Annual Global Retailing Conference on September 7, 2022. The fireside chat will take place at the Conrad Hotel in New York at 1:00 p.m. Eastern Time. A live webcast will be available on the company’s investor relations page.

With over 170 restaurants, sweetgreen focuses on providing healthy, plant-forward meals using organic, local ingredients. The company's commitment to technology enhances customer experience and community engagement.

Sweetgreen, Inc. (NYSE: SG) reported a 45% year-over-year revenue increase to $124.9 million for Q2 2022, with restaurant-level margins rising to 18.5%.

Despite this growth, management noted softness in revenue post-Memorial Day and lowered the 2022 guidance. Same-store sales grew by 16%, yet losses from operations increased to $(42.2) million, and net loss rose to $(40.0) million.

Sweetgreen plans to open at least 35 new restaurants while continuing efforts to reach profitability.

Sweetgreen is set to open its first Michigan location in Birmingham on August 9, marking its 170th restaurant. The initiative is aimed at promoting healthy, sustainable food options in the Metro Detroit area. Sweetgreen will also open two additional locations in Ann Arbor and Troy later this fall. The Birmingham restaurant will feature locally sourced ingredients and will host a ribbon-cutting ceremony with local partners. Sweetgreen plans to donate a meal for every meal sold on opening day to Forgotten Harvest, supporting food security in the region.

Sweetgreen, Inc. (NYSE: SG) plans to release its second quarter 2022 financial results on August 9, 2022, after market close. A webcast discussing these results will take place at 2:00 p.m. PT (5:00 p.m. ET) on the same day. Investors can access the live webcast through the company's investor relations website, where an archived version will be available for one year.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 real food access, operating over 165 restaurants with a focus on organic and local sourcing.

sweetgreen (NYSE: SG) enhances its digital experience with the launch of Rewards and Challenges, aiming to boost customer engagement and restaurant volume. Total digital sales accounted for 66% of Q1 2022 revenue. The Summer of Rewards campaign runs from June 27 to July 24, offering customers various incentives for healthy habits. Customers can earn rewards for actions like spending $20 for a $4 credit or ordering delivery for free delivery on their next order. This initiative reflects sweetgreen's focus on reinforcing digital customer relationships.

sweetgreen (NYSE: SG) is set to participate in the 22nd Annual Oppenheimer Consumer Growth and E-Commerce Conference on June 14, 2022, at 9:45 a.m. Pacific Time. The event will feature a virtual fireside chat, providing insights into the company's mission of serving healthy food at scale. sweetgreen operates over 160 restaurants, focusing on plant-forward meals and local sourcing. A live webcast of the presentation will be available on their investor site. More information is found at sweetgreen.com.

Sweetgreen, Inc. (NYSE: SG) reported Q1 2022 revenue of $102.6 million, a 67% increase year-over-year, primarily driven by a 35% change in same-store sales. The company opened 8 new restaurants, with average unit volumes (AUVs) rising to $2.8 million. The net loss was $(49.2) million, influenced by higher stock-based compensation. Adjusted EBITDA improved to $(16.5) million. For the full year, Sweetgreen expects revenue of $515 million to $535 million, with continued growth in restaurant-level profit margins.

sweetgreen (NYSE: SG) has partnered with NBA star Devin Booker to promote a healthier future through their new campaign, 'Create Your Own.' The initiative emphasizes customization in their meals, with over 65% of digital orders being modified by customers. This follows previous collaboration with Naomi Osaka, further strengthening sweetgreen's mission to inspire healthy eating. Booker's involvement aims to connect with younger generations about nutrition. The customized bowls will be available nationwide from May 2nd to June 5th and can be ordered through the sweetgreen app.