SG Stock Recent News

Subscribers to  Chart of the Week  received this commentary on Sunday, October 6.

LOS ANGELES--(BUSINESS WIRE)--Sweetgreen (NYSE: SG) announced this weekend, on National Farmer's Day (Oct. 12), the launch of a limited-edition collection in collaboration with MNTGE, the fashion tech startup co-founded by Sean Wotherspoon, Nick Adler, and Brennan Russo. 100% of net sales from the collection will benefit the non-profit organization, The National Young Farmers Coalition. Inspired by the recent launch of Sweetgreen's Fall Harvest menu, the collection brings back the sold-out “Fru.

LOS ANGELES--(BUSINESS WIRE)--Sweetgreen, Inc. (NYSE: SG) will release financial results for the third quarter of 2024 after the market close on Thursday, November 7, 2024. In conjunction with the release, the Company will host a webcast at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss the business and financial results. A live webcast of the company's earnings call will be available on the investor relations section of the company's website at https://investor.sweetgreen.com/. An.

Sweetgreen (SG, Financial) has been rewarding investors with significant gains, recently hitting a new 52-week high. The stock has been on an upward trend since early March, and with its Q3 earnings report approaching, here's a detailed look at its recent performance and future prospects.

Sweetgreen expands its footprint and market reach by debuting in North Carolina's Uptown Charlotte location.

CHARLOTTE, N.C.--(BUSINESS WIRE)--Today, Sweetgreen, the mission-driven restaurant brand connecting more people to real food, announced the opening of its first Carolina location in Uptown Charlotte at One Independence Center. The 2,479-square-foot Charlotte location marks a significant milestone amidst the brand's continued nationwide expansion. “We're so grateful for the warm welcome and excitement around Sweetgreen coming to North Carolina to join the Queen City," said Jonathan Neman, Co-fou.

Sweetgreen stock has more than tripled in 2024, rebounding from a tough 2022-2023. The company is betting on kitchen automation and new proteins like garlic steak to drive future sales growth and richer profits.

I upgraded my rating from Hold to Buy, anticipating Sweetgreen's growth to accelerate to 20% in FY26 due to faster store openings. The Infinite Kitchen concept has significantly improved productivity, supporting a higher return on capital and a lower ROI hurdle for new store openings. SG's new market expansion strategy, focusing on better locations and demographics, has proven successful, enhancing its ability to penetrate new markets.

SG's focus on menu innovation and expansion efforts bode well. However, elevated costs are a concern.

This restaurant software company is in the early innings of capturing a $100 billion opportunity. With the help of a technological advantage, this restaurant stock could be the latest breakout performer in the sector.