Why Sweetgreen Stock Was Sliding Today | The Motley Fool
The salad chain continued to miss analyst expectations.
Source: fool.com
Page 36 - Jonathan Neman News Today : Breaking News, Live Updates & Top Stories | Vimarsana
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Top News In Jonathan Neman Today - Breaking & Trending Today
Sweetgreen's Infinite Kitchen Widens Path to Profitability
Sweetgreen is about two-and-a-half months into its fully automated restaurant in Naperville, Illinois, and one key record has already fallen. The store's restaurant-level margin in June was 26 percent—"significantly" higher than any new location in its first month, said CEO Jonathan Neman. And the brand expects the stabilized margin to be higher going forward. For perspective, sweetgreen's Q2 restaurant-level margin was 20.4 percent. Usually, new units are well below 20 percent in the first month.
Source: qsrmagazine.com
Sweetgreen narrows its losses but 2Q sales leave investors bitter
Sweetgreen Inc has reported a narrower second-quarter loss as it targets its first profit in 2024 and said it may reach break-even on underlying earnings by...
Source: proactiveinvestors.com
Sweetgreen (SG) Q2 2023 earnings
Sweetgreen, which went public in November 2021, is aiming to turn a profit for the first time by 2024.
Source: cnbc.com
Sweetgreen branches out into Orange County
Sweetgreen debuts its first Orange County restaurant at the Irvine Spectrum Center, with two more locations planned for O.C.
Source: latimes.com