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.
While fellow 2021 IPOs like AppLovin and Duolingo soar, Sweetgreen stock continues to nibble away at a new buy zone. The post This 2021 IPO Taste-Tests A Buy Zone — And Top Funds Take A Bite appeared first on Investor's Business Daily.
RALEIGH, N.C.--(BUSINESS WIRE)--Today, Sweetgreen, the mission-driven restaurant brand connecting more people to real food, announced the opening of its second North Carolina location in North Hills in Raleigh at 4158 Main St. The new location arrives on the heels of Sweetgreen's recent Charlotte opening, signaling continued growth and thoughtful expansion in the Carolinas. “We're thrilled by t...
Fast-casual restaurants, particularly those emphasizing fresh and healthy options like Sweetgreen and CAVA, are outperforming traditional fast-food chains due to shifting consumer preferences and price sensitivity. Sweetgreen's innovative menu additions and strategic expansions, including Infinity Kitchens, are driving traffic and comparable sales growth, positioning it for continued success in...
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