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

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

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Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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.

Sweetgreen reports robust Q3 performance, eyes expansion and innovation

Sweetgreen's Q3 2024 performance reflects strong sales growth, improved margins, and profitability, driven by operational efficiency and strategic investments.
The company's strengths lie in its expansion plans, menu innovation, and investments in technology and marketing, positioning it for continued growth and success.
While facing challenges in managing expansion and competition, Sweetgreen has opportunities to leverage its strengths and capitalize on market trends to drive further growth and brand success.

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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.

As restaurants balance loyalty and profit concerns, some offer paid subscriptions and others free rewards. Fast-casual brand Sweetgreen, for its part, is looking to have its salad and eat it too, as it were, with its Sweetpass relaunch, announced Monday (April 24).

Sweetgreen Relaunches Subscription as Restaurants Weigh Paid Versus Free Perks

LOS ANGELES--(BUSINESS WIRE)--Today, sweetgreen (NYSE: SG), the mission-driven restaurant brand serving healthy food at scale, announced the launch of Sweetpass, its first loyalty program in two years. Developed as a two-tiered model, customers can choose which membership level works best for them, for a personalized experience that rewards them with free sweetgreen and more. Over the last year, sweetgreen tested various loyalty initiatives with their customers and found they wanted new ways to.

sweetgreen Launches ‘Sweetpass,' a New Loyalty Program That Rewards Customers With Free sweetgreen

LOS ANGELES--(BUSINESS WIRE)--Today, sweetgreen (NYSE: SG), the mission-driven restaurant brand serving healthy food at scale, released their first 2022 Impact Report, detailing the company's ongoing initiatives to build a sustainable food system and responsible business.

sweetgreen Releases 2022 Impact Report Detailing Progress Toward Environmental, Social, and Governance (ESG) Goals

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 first quarter of 2023 after the market close on Thursday, May 4, 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 First Quarter 2023 Results on May 4, 2023

LOS ANGELES--(BUSINESS WIRE)--Today, sweetgreen (NYSE: SG), the mission-driven restaurant brand serving healthy food at scale, announced an exclusive partnership with Miami-based Michelin starred chefs Luciana Giangrandi and Alex Meyer of Boia De restaurant.

Sweetgreen Collaborates With Miami Restaurant, Boia De, for an Exclusive Bowl

Sweetgreen, Inc. (SG) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Sweetgreen, Inc. (SG) Surges 9.0%: Is This an Indication of Further Gains?

Chipotle

The new menu item is now called the Chicken + Chipotle Pepper Bowl.

Sweetgreen Renames Its Chipotle Chicken Burrito Bowl, Ending Days Old Legal Battle

Sweetgreen Inc. SG said it is renaming a new menu item to resolve a lawsuit from Chipotle Mexican Grill Inc. CMG that accused the salad-focused chain of copying Chipotle's popular burrito bowls. The Sweetgreen item in question — initially named the Chipotle Chicken Burrito Bowl — will be renamed the Chicken + Chipotle Pepper Bowl as part of a tentative agreement to resolve the lawsuit, a Sweetgreen representative said, adding: “We are looking forward to putting this lawsuit behind us as we continue to connect more people to real food.

Sweetgreen is renaming its burrito bowl to resolve lawsuit from Chipotle

The name change is part of a tentative agreement to resolve Chipotle's lawsuit against Sweetgreen.

Sweetgreen renames menu item after Chipotle sues for trademark infringement

The fast-food company says the salad chain's menu item is a trademark infringement.

Chipotle Sues Sweetgreen Over Its New Burrito Bowl

Sweetgreen plans 30-35 net new restaurant openings in 2023, a similar cadence to 2022, showing its investing confidence in this challenging environment. Sweetgreen is expected to increase this margin to a 15%-17% level in 2023. We think the company has strong bargaining power with its customers and suppliers.

Sweetgreen: A Gem In The Space

Fast-casual restaurant Chipotle Mexican Grill (NYSE:CMG) sued its competitor Sweetgreen in California federal court on Tuesday, alleging that the salad chain's new “Chipotle chicken burrito bowl” infringes on its trademark rights. In the lawsuit, Chipotle alleges that Sweetgreen is using its famous “Chipotle” trademark and its trademarked color Adobo Red to sell a product that is “very similar and directly competitive” to Chipotle's chicken burrito bowl.

Chipotle sues Sweetgreen for copyright infringement over its ‘Chipotle chicken burrito bowl'

Shares of salad-centric fast-casual chain Sweetgreen Inc. fell sharply after Chipotle Mexican Grill Inc. filed a lawsuit against the company, alleging that its recently-launched Chipotle Chicken Burrito Bowl amounted to trademark infringement.

Sweetgreen stock tumbles after ‘Chipotle Chicken Burrito Bowl' prompts lawsuit — from Chipotle

Chipotle is suing rival Sweetgreen for trademark infringement over the latter's recently released salad bowl.

Chipotle accuses Sweetgreen of trademark infringement over its 'chipotle chicken' bowl

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.

News for Sweetgreen Stock (SG)