Sweetgreen, Inc. - SG STOCK NEWS

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.

Sweetgreen, Inc. (NYSE: SG) will announce its financial results for Q1 2022 on May 5, 2022, after market close. A webcast discussing the results will occur at 2:00 p.m. PT. Shareholders can access the live call through the company's investor relations website, with an archived version available for one year. Sweetgreen emphasizes its commitment to providing healthy, accessible food through over 150 locations while leveraging technology to enhance customer experiences.

sweetgreen (NYSE: SG) will launch its first 'sweetlane' concept in Schaumburg, IL, within the next year, enhancing customer convenience with a drive-thru option. Customers will order through sweetgreen's digital platform, where almost 50% of revenue comes from mobile app and website orders. This pilot restaurant will also feature an observation window for drive-thru users to watch food prep. Sweetgreen aims to innovate fast food while promoting sustainability and quality, demonstrating its commitment to connecting people with real food.

Sweetgreen, Inc. (NYSE: SG) reported strong financial results for Q4 and FY 2021, demonstrating a 63% increase in revenue to $96.4 million. The same-store sales surged by 36%, signifying a robust recovery post-pandemic. While net loss was $(66.2) million, it improved from $(41.1) million in the prior year. Restaurant-Level Profit margin reached 13%, up from negative margins previously. For 2022, the company anticipates revenue of $515 million to $535 million with same-store sales growth of 20% to 26%. Sweetgreen remains focused on sustainable growth strategies.

sweetgreen (NYSE: SG) will participate in the J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum on March 7, 2022, at 9:10 a.m. PT, in Las Vegas. A live webcast of the fireside chat will be available on their investor site.

With over 150 restaurants, sweetgreen emphasizes healthy, plant-forward meals from fresh, locally sourced ingredients. The brand aims to enhance customer experiences through technology and is committed to building healthier communities.

Sweetgreen (NYSE: SG) has opened its first restaurant in Carlsbad, CA, marking its entry into the San Diego area and its 14th new market. The restaurant aims to provide healthy food to the local community, donating a meal for each purchase on opening day to the North County Food Bank. The 2,752 square foot venue seats 30 diners indoors and 30 outdoors, featuring local art and sustainable design. Sweetgreen continues to focus on fresh, seasonal ingredients, enhancing convenience through technology and community engagement.

Sweetgreen, Inc. (NYSE: SG) plans to release its financial results for the fourth quarter and fiscal year 2021 on March 3, 2022, after market close. A webcast will follow at 2:00 p.m. PT (5:00 p.m. ET) to discuss these results. Interested parties can access the live webcast through the company's investor relations website. Sweetgreen emphasizes its mission of providing healthy food and leveraging technology to enhance customer experiences across its 150+ restaurants.

Sweetgreen, Inc. has announced the pricing of its initial public offering (IPO) at $28 per share, offering 13,000,000 shares of Class A common stock. The shares are set to trade on the New York Stock Exchange under the symbol SG starting from November 18, 2021, with the offering expected to close by November 22, 2021. Goldman Sachs and J.P. Morgan are leading the underwriting process, which was declared effective by the Securities and Exchange Commission on November 17, 2021.