Sweetgreen

Sweetgreen is an American fast-casual restaurant chain that serves simple, seasonal, healthy salads, and grain bowls made in-house from scratch, using whole produce delivered that morning. Founded in 2007, the company is based in Washington, District of Columbia.

Earnings data Q4 2021

Earnings data Q1 2022

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Sweetgreen reports Q4 growth, eyes profitability in 2024 amid challenges

Sweetgreen's Q4 2022 performance showed revenue growth but an EBITDA loss, with a focus on achieving profitability in 2024 through operational changes and disciplined growth.
Key strengths include successful menu offerings, loyalty programs, and B2B channels, while challenges like food costs and supply disruptions require strategic adjustments.
Opportunities lie in accelerating store openings, leveraging loyalty programs for customer engagement, and optimizing menu offerings and operations for sustained growth.
Overall, Sweetgreen's strategic focus on quality, innovation, and cost discipline positions them for future success despite current challenges and market shifts.

Sweetgreen reports strong Q1 sales growth and aims for profitability

Sweetgreen's Q1 2023 performance reflects solid sales growth, operational efficiency, and progress towards profitability despite challenges.
The company's expansion plans, new initiatives, and strong financial position provide a foundation for future growth and market competitiveness.
Addressing challenges in achieving profitability and optimizing operational efficiency are crucial for Sweetgreen's long-term success and investor confidence.

Sweetgreen reports robust Q2 growth, eyes loyalty program expansion

Sweetgreen's Q2 2023 performance showcased strong revenue growth, digital sales dominance, and operational improvements, despite a net loss.
The company's focus on loyalty programs, efficient operations, and expansion plans positions it for future growth and market resilience.
While facing challenges in managing expenses and achieving profitability, Sweetgreen's strategic initiatives and growth targets signal optimism for investors.

Sweetgreen reports robust Q3 growth and eyes margin expansion

Sweetgreen's Q3 performance reflects strong revenue growth and operational improvements, positioning the company for future success. While challenges like consumer uncertainty and discounting persist, strategic initiatives and focus on loyalty and innovation offer avenues for growth. Opportunities in expanding Infinite Kitchens and reaching margin targets signal a positive outlook.

Sweetgreen reports robust Q4 growth and eyes profitability in 2024

Sweetgreen's Q4 2023 performance reflects strong revenue growth, improved margins, and a focus on profitability in 2024.
The company's strategic strengths include innovative initiatives, expansion plans, and a solid financial position for future growth.
Challenges include achieving profitability targets, addressing operational complexities, and ensuring scalability of new initiatives.
Opportunities exist in loyalty program expansion, operational efficiency improvements, and continued market penetration strategies.

Sweetgreen reports strong Q2 earnings, eyes sustainable growth strategies

Sweetgreen's Q2 2024 performance reflects robust sales growth, improved margins, and successful expansion efforts. Their strategic focus on menu innovation, operational excellence, and employee experience positions them for sustained success.
While challenges like maintaining growth rates and balancing investments exist, Sweetgreen's disciplined approach to growth and leveraging their unique strengths present opportunities for further market penetration and competitive advantage.

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Sweetgreen, Inc. owns and operates a chain of salad restaurants. It offers drinks, sides, local bowls, salads, plates, and warm bowls. The company was founded by Nicolas Jammet, Jonathan Neman and Nathaniel E. Ru in November 2006 and is headquartered in Los Angeles, CA.

Chipotle

Sweetgreen launched its "Chipotle Chicken Burrito Bowl" less than a week ago.

Sweetgreen stock falls after Chipotle sues for trademark infringement over burrito bowl

LOS ANGELES--(BUSINESS WIRE)--Today, sweetgreen (NYSE: SG), the mission-driven restaurant brand serving healthy food at scale, announced the launch of the Chipotle Chicken Burrito Bowl, a protein-packed all-grains bowl now available for in-store and online ordering across all locations for a limited time only.

sweetgreen Adds Chipotle Chicken Burrito Bowl to Its Menu

NEW YORK--(BUSINESS WIRE)--Ness, the next great credit card company putting health first, today announced the public beta launch of the Ness Card issued by The Bank of Missouri and powered by Mastercard. Now available via invite, the premium, points-based credit card aims to incentivize living healthy through rewards and exclusive benefits with top health and wellness brands, including sweetgreen, Parsley Health, Seed Health, HigherDOSE, Glamsquad, Exhale Spa, Fyt, and others.

Ness Announces the First Premium Health and Wellness Credit Card with Partner sweetgreen and Other Top Brands

This week in restaurants, Sweetgreen and In-N-Out tap catering, weekday dining declines and Dickey's streamlines. On Monday (March 6), fast-casual brand Sweetgreen, which has nearly 200 locations across the United States, launched its catering program, the company said in an email, targeting the in-office corporate meal occasion.

Sweetgreen Taps Catering as Restaurants Push Back on Inflationary Trade-Down

LOS ANGELES--(BUSINESS WIRE)--Today, sweetgreen (NYSE: SG), the mission-driven restaurant brand serving healthy food at scale, announced that the company will present at the J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum on Tuesday March 14, 2023. The fireside chat will be held at the Encore at Wynn in Las Vegas on that day at 9:10 a.m. Pacific Time. A live webcast of the fireside chat will be available at investor.sweetgreen.

sweetgreen to Present at the J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum

The trendy salad restaurant still can't find the sweet spot of growth.

Why Sweetgreen Is Falling Another 11% Lower This Week

This week in restaurants, Sweetgreen revives Sweetpass, Wingstop taps personalization and Domino's reinvigorates its rewards. Los Angeles-based, health-focused fast-casual chain Sweetgreen, which has more than 180 locations, said on a call with analysts Thursday (Feb. 23) discussing its fourth-quarter 2022 financial results that it is bringing back its paid subscription program.

Sweetgreen Revives Subscription as Restaurants Work Harder to Secure Loyalty

Sweetgreen, Inc. (NYSE:SG ) Q4 2022 Earnings Conference Call February 23, 2023 5:00 PM ET Company Participants Rebecca Nounou – Head of Investor Relations Jonathan Neman – Co-Founder and Chief Executive Officer Mitch Reback – Chief Financial Officer Conference Call Participants Brian Bittner – Oppenheimer Chris Carril – RBC Capital Markets Matt Curtis – William Blair Karen Holthouse – Citi Katherine Griffin – Bank of America Andrew Charles – Cowen Brian Harbour – Morgan Stanley John Ivankoe – JPMorgan Jon Tower – Citigroup Operator Ladies and gentlemen, thank you for standing by and welcome to the Sweetgreen, Inc. Q4 2022 Earnings Call. I would now like to turn the call over to Rebecca Nounou, Head of Investor Relations.

Sweetgreen, Inc. (SG) Q4 2022 Earnings Call Transcript

Sweetgreen, Inc. (SG) delivered earnings and revenue surprises of -10% and 5.35%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Sweetgreen, Inc. (SG) Reports Q4 Loss, Misses Revenue Estimates

Sweetgreen Inc. SG, -4.72% shares fell in the extended session Thursday after the plant-based fast-food chain's quarterly results and outlook came in below Wall Street expectations. Sweetgreen shares fell 9% after hours, following a 4.7% decline in the regular session to close at $9.29.

Sweetgreen stock wilts after results, outlook disappoint

LOS ANGELES--(BUSINESS WIRE)--Sweetgreen, Inc. (NYSE: SG) (the “Company”), the mission-driven, next generation restaurant and lifestyle brand that serves healthy food at scale, today announced financial results for its fourth fiscal quarter ended December 25, 2022. “We enter 2023 with solid momentum and remain confident in the strength of the sweetgreen brand to endure for years to come,” said Co-Founder and CEO Jonathan Neman.

Sweetgreen, Inc. Announces Fourth Quarter 2022 Financial Results

McDonald's

Shake Shack

Fast-casual and full-service restaurants like Chipotle and Chili's are struggling to attract customers.

Fast food reigns supreme as inflation weighs on pricier restaurants

The stock price of Sweetgreen Inc (NYSE: SG) fell by 1.4% today. This is why.

SG Stock: 1.4% Decrease Explanation

LOS ANGELES--( BUSINESS WIRE )--Sweetgreen, Inc. (NYSE: SG), the mission-driven restaurant brand serving healthy food at scale, today announced it will release financial results for the fourth quarter and full year 2022 after the market close on Thursday, February 23, 2023. On that day, the company will host a webcast at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss the company's business and financial results.

Sweetgreen to Announce Fourth Quarter and Full Year 2022 Results on February 23, 2023

We are downgrading Sweetgreen, Inc. from a "HOLD" to a "SELL" based on its poor Q3 2022 earnings report. Sweetgreen is seeing rapid deceleration in growth and weakening of the balance sheet.

Sweetgreen: Running Out Of Steam (Rating Downgrade)

Today, we take our first look at restaurant operator Sweetgreen, Inc., who is aggressively rolling out new stores even in a difficult environment for the industry. Sweetgreen is quite innovative, sources from local and organic food providers, and gets 60% of overall sales from digital channels.

Sweetgreen: Not Tasty Enough Yet

The mean of analysts' price targets for Sweetgreen, Inc. (SG) points to an 90% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Does Sweetgreen, Inc. (SG) Have the Potential to Rally 89.97% as Wall Street Analysts Expect?

The heavy selling pressure might have exhausted for Sweetgreen, Inc. (SG) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.

Down -22.23% in 4 Weeks, Here's Why Sweetgreen, Inc. (SG) Looks Ripe for a Turnaround

LOS ANGELES--( BUSINESS WIRE )--Today, sweetgreen (NYSE: SG), the mission-driven restaurant brand serving healthy food at scale, announces its latest campaign, Green January, an opportunity for customers to jumpstart a healthy routine in the new year through real, fresh food.

sweetgreen Launches ‘Green January' to Kickstart the New Year

Starbucks

Restaurant chains experimented with automation this year as the labor crunch pressured their profits.

The year of the restaurant robot: Why chains are investing in automation and what it means for workers

LOS ANGELES--( BUSINESS WIRE )--Today, December 13, sweetgreen, the mission-driven restaurant brand serving healthy food at scale, opens its first Tampa restaurant. Tampa will be the 5th new market sweetgreen has opened in 2022.

sweetgreen Expands to Florida's Sun Coast This December

LOS ANGELES--( BUSINESS WIRE )--Today, sweetgreen announces that Chris Carr, Chief Operating Officer (“COO”), will be departing the Company for personal reasons on March 17, 2023. In the first quarter of 2023, Chris will stay on in an advisory capacity. Effective January 1, 2023, Stephanie Traut, SVP of Operations, will oversee Operations reporting directly to Jonathan Neman.

sweetgreen Announces Change to the Executive Leadership Team

Founder SPAC

NEW YORK--( BUSINESS WIRE )--Rubicon Technologies, Inc. (“Rubicon” or the “Company”) (NYSE: RBT), a leading digital marketplace for waste and recycling and provider of innovative software-based products for businesses and governments worldwide, today announced that it has signed an extended, three-year agreement with Sweetgreen, Inc. (“sweetgreen”) (NYSE: SG), the mission-driven restaurant brand serving healthy food at scale, to continue to help expand sweetgreen's waste diversion efforts, and provide enhanced account management as the company's lead partner for waste, recycling, and composting services.

Rubicon Announces Multi-Year Extension Agreement with Sweetgreen

LOS ANGELES--( BUSINESS WIRE )--Today, sweetgreen (NYSE: SG), the mission-driven restaurant brand serving healthy food at scale, announced that the company will participate in the Morgan Stanley Global Consumer & Retail Conference on Wednesday, December 7, 2022. On that day, the fireside chat will be held at the InterContinental New York Barclay at 1:00 p.m. Eastern Time.

sweetgreen to Participate in the Morgan Stanley Global Consumer & Retail Conference

LOS ANGELES--( BUSINESS WIRE )--Today, sweetgreen, the mission-driven restaurant brand serving healthy food, announced the opening of its first advanced order vehicle pickup window, “sweetlane” located in Schaumburg, IL. The grand opening of “sweetlane” on November 15 serves as the latest iteration of the company's evolving restaurant experience, testing new formats to meet customers where they are.

News for Sweetgreen Stock (SG)