Sweetgreen Stock News

Shares of Sweetgreen have dropped ~25% from peaks, creating a tremendous buying opportunity. Sweetgreen is valued at $14.8 million per store, much lower than Cava's $35.6 million and Chipotle's $22 million. Sweetgreen's average unit sales per store, meanwhile, are very similar to both Cava and Chipotle.

The Sweetgreen stock price has done well this year, and is one of the best performers on Wall Street. SG has soared by 190% in 2024, bringing its market cap to over $4 billion.

Sweetgreen is working to keep farmers markets, a key resource for small-scale agriculture and a way to support food and beverage entrepreneurs, from shutting down.

When searching for buying opportunities, investors might immediately look at stocks that have crushed the market and are putting up exceptional recent returns. One particular business has done just that.

LOS ANGELES--(BUSINESS WIRE)--Today, Sweetgreen announced its commitment to Food Access LA, formerly Sustainable Economic Enterprises of Los Angeles, the non-profit organization behind eight Los Angeles farmers markets. With LA's beloved farmers markets at risk of closure, Sweetgreen's support helps ensure all eight markets will remain open, preserving a vital connection between local growers a...

Sweetgreen's strategic menu innovations, including substantial protein options, have driven significant growth in comparable sales and revenue, reversing previous stagnation. The introduction of Infinity Kitchens and AI-based labor management systems is expected to enhance unit-level economics and control rising labor costs. Despite a slight slowdown in Q3 due to a lighter marketing calendar, S...

Shares of Sweetgreen slid more than 5% after missing Q3 results, a rarity for this high-flying salad chain. Despite this, the company raised its outlook for the year, and same-store sales growth was still up 6%. Traffic trends remained positive in the wake of mid-single digit price increases, demonstrating a loyal consumer base that is health-conscious and price-insensitive.

Sweetgreen, Inc. (NYSE:SG ) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Rebecca Nounou - Investor Relations Jonathan Neman - Co-Founder and Chief Executive Officer Mitch Reback - Chief Financial Officer Conference Call Participants Rahul Krotthapalli - JPMorgan Jon Tower - Citigroup Andrew Charles - TD Cowen Dennis Geiger - UBS Brian Harbour - Morgan Stanle...