Sweetgreen: Sweet Growth But Sour ProfitsHealth-conscious BYB newcomer Sweetgreen Inc. (NYSE: SG) had a stellar 2024, with shares rising 220%.
caramelized garlic steak was a game changer as it widened its audience beyond vegetarians.
caramelized garlic steak quickly grew in popularity as it was selected in one out of every five dinner ordersThe company expects full-year 2024 revenues of $675 million to $680 million versus $678.56 million.
Same-store sales growth is expected to be between 6% and 7%.
Restaurant-level profit margin is expected to be between 19.5% and 20%.Sweetgreen Co-CEO Johnathan Newman commented, "Our expanded menu, together with the performance of our 2024 class of new restaurant openings, growth in emerging markets and our successful deployment of the Infinite Kitchen, gives us confidence of 2025 unit growth."
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