SG Stock Recent News

'Mad Money' host Jim Cramer looks at Sweetgreen's recent performance and why he likes the stock.

CNBC's Jim Cramer on Tuesday told investors it could be wise to start buying stock of Sweetgreen, a salad chain that has been the best-performing restaurant company on the Russell 3000, according to FactSet. "If Sweetgreen stock keeps getting slammed like it has earlier this week, I think you should pounce, because this is no longer the unprofitable salad chain of two or three years ago," he said.

A string of better-than-expected financial results has catapulted this stock in 2024. It's hard to tell when this business will begin posting positive earnings.

Sweetgreen shares surged after the company raised its full-year outlook. The stock still has upside potential, although it's a bit on the speculative side.

Sweetgreen raised its full-year same-store sales growth outlook, driven by an acceleration in traffic trends. Notably, the company is becoming more popular at dinnertime, ostensibly expanding its addressable market. Despite its recent rally and >200% YTD gains, the stock still trades slightly below Chipotle's revenue multiple, even after the latter's slump from its CEO exit.

Healthy fast-casual restaurant operator Sweetgreen Inc. NYSE: SG reported stellar metrics on its Q2 2024 earning report, causing shares to spike 29%. The healthy lifestyle salad and bowl restaurant chain saw a solid boost in traffic and sales.

The company successfully expanded its addressable market beyond salad lovers through new protein menu items. New store locations, particularly in the southeast, Texas, and midwest, are outperforming existing stores. The Infinite Kitchen concept has proven successful, with the Naperville location achieving $2.8 million in first-year sales and a 31.3% restaurant-level margin.

Sweetgreen CEO Jonathan Neman joins 'The Exchange' to discuss the fast-casual restaurant chain after it surged on the back of strong second-quarter results.

Sweetgreen (NYSE: SG ) stock is climbing higher on Friday after the fast-food chain announced results for the second quarter of 2024. Sweetgreen reported earnings per share of -13 cents.

Although the revenue and EPS for Sweetgreen (SG) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.