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Sweetgreen(SG) - 2023 Q4 - Annual Report
2024-02-29 00:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-41069 SWEETGREEN, INC. (Exact name of registrant as specified in its charter) Delaware 27-1159215 (State or other jurisdiction of inc ...
Sweetgreen(SG) - 2023 Q4 - Annual Results
2024-02-29 00:00
Sweetgreen, Inc. Announces Fourth Quarter and Fiscal Year 2023 Financial Results LOS ANGELES--(BUSINESS WIRE)-- Sweetgreen, Inc. (NYSE: SG), the mission-driven restaurant brand creating healthier communities by connecting people to real food, today announced financial results for its fourth fiscal quarter and fiscal year ended December 31, 2023. Fourth Quarter 2023 Financial Highlights For the fourth quarter of fiscal year 2023, compared to the fourth quarter of fiscal year 2022: • Total revenue was $153.0 ...
Sweetgreen, Inc. (SG) Expected to Beat Earnings Estimates: What to Know Ahead of Q4 Release
Zacks Investment Research· 2024-02-23 00:05
Wall Street expects a year-over-year increase in earnings on higher revenues when Sweetgreen, Inc. (SG) reports results for the quarter ended December 2023. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on February 29, 2024, might help the stock move higher if these key numbers are better ...
Sweetgreen Tests New Caramelized Garlic Steak in Select Locations
Businesswire· 2024-02-06 22:00
Debuting with three new chef-crafted menu items, Caramelized Garlic Steak will be featured in the Caramelized Garlic Steak protein plate, the Steakhouse Chopped bowl and the Kale Caesar (Steak) salad. (Photo: Business Wire) Featuring cuts of grass-fed, grass-finished tri-tip sirloin steak with a natural tenderness, the new protein provides a delicious complement to Sweetgreen's beloved salads, warm bowls and protein plates. (Photo: Business Wire) LOS ANGELES--(BUSINESS WIRE)--Today, Sweetgreen announced the ...
Sweetgreen Appoints Rossann Williams as Chief Operating Officer
Businesswire· 2024-02-03 05:05
背景介绍 - Sweetgreen宣布任命Rossann Williams为公司首席运营官[1] - Williams拥有超过30年的零售业务领导经验[2] - Williams曾在星巴克担任EVP和北美零售总裁,成功改善同店销售,开设数千家新店[4]
Sweetgreen (SG) Expands Domestic Footprint With New Location
Zacks Investment Research· 2024-01-18 02:11
Sweetgreen, Inc. (SG) unveils its first location in Seattle at The Village of Totem Lake in Kirkland. This marks the company's entry into Washington, the first state in the Pacific Northwest, signifying its focus on domestic expansion. This expansion emphasizes collaboration, local sourcing and contributing to the unique essence of the Pacific Northwest. The company is optimistic in this regard and introduces a new dining option to The Village of Totem Lake, known for its enriching community experience. The ...
Sweetgreen's bet on salad robots finds a skeptic
Market Watch· 2024-01-17 03:55
Like other restaurant chains, Sweetgreen Inc. is exploring automation, in its case with its Infinite Kitchens that use robotic technology to assemble salads and bowls. But Morgan Stanley analyst Brian Harbour isn’t sure the concept will translate easily to green for investors. “Increasingly the story feels to us like a bet on the Infinite Kitchen rollout, and whether this falters, or drives a real step change in economics and the unit development opportunity, which is needed for the stock to work, in our vi ...
Sweetgreen Makes Its Pacific Northwest Debut in Seattle
Businesswire· 2024-01-16 22:00
SEATTLE--(BUSINESS WIRE)--Today, Sweetgreen, the mission-driven restaurant brand serving healthy food at scale, announces its debut in Seattle with its first location opening in The Village at Totem Lake in Kirkland on January 16. Washington marks the first state Sweetgreen has entered in the Pacific Northwest, a significant milestone amidst the brand's continued nationwide expansion. Sweetgreen, loved for its chef-crafted meals, is proud to bring a new, delicious and convenient option to The Village of Tot ...
Sweetgreen Launches "New Year, Full You" Campaign With a New Protein Plate and Personalized Free Rewards for a Fresh Start to the New Year
Businesswire· 2024-01-04 19:00
All month long, fans can rack up special rewards on Sweetgreen’s free loyalty program, Sweetpass, and upgrade to Sweetpass+ to earn even more rewards. (Graphic: Business Wire) Sweetgreen recently expanded its menu with protein plates - a new collection of options to satisfy even the non- salad eaters, adding heartier proteins and double servings of grains. (Graphic: Business Wire) LOS ANGELES--(BUSINESS WIRE)--Today, Sweetgreen (NYSE: SG), the mission-driven restaurant brand serving healthy food at scale, a ...
Sweetgreen(SG) - 2023 Q3 - Earnings Call Transcript
2023-11-05 10:40
财务数据和关键指标变化 - 第三季度收入为1.534亿美元,同比增长24% [31] - 同店销售增长4%,其中价格上涨5%,客流量持平,组合销售下降1% [31] - 餐厅级利润率为19%,同比提升300个基点 [34] - 调整后EBITDA为250万美元,同比改善970万美元 [39] - 年内累计调整后EBITDA亏损不到100万美元,同比改善3100万美元 [42] - 经营活动现金流同比改善4300万美元,达到1800万美元 [39] 各条业务线数据和关键指标变化 - 数字渠道销售占比58%,其中2/3来自自有渠道 [32] - 平均单店销售额290万美元 [33] 各个市场数据和关键指标变化 - 新开门店中近50%位于新市场,如克兰斯顿、密尔沃基和坦帕 [33] 公司战略和发展方向及行业竞争 - 公司致力于通过Infinite Kitchen等技术创新提升运营效率和客户体验 [13][14][16] - 公司正在扩大菜单,推出蛋白餐等新品类以吸引更广泛的消费群体 [19][20] - 公司正在优化门店运营,简化菜品制作流程,提升员工体验和生产效率 [23][24][25] - 公司正在加强品牌建设,包括扩大忠诚度计划Sweetpass的覆盖范围 [21][22] - 公司计划2024年开设23-28家新店,其中约1/3采用Infinite Kitchen技术 [15][16] 管理层对经营环境和未来前景的评论 - 管理层表示,尽管面临复杂多变的环境,但公司已重新进入进攻模式,相信未来几年内能实现显著的资本回报 [11][27][28] - 管理层对Infinite Kitchen技术和新菜品推出充满信心,认为将有助于大幅提升股东价值 [28] - 管理层预计2024年将实现全年调整后EBITDA盈利,这将是公司的重要里程碑 [42] 问答环节重要的提问和回答 问题1 **Brian Mullan提问** 对于2024年开设7-9家Infinite Kitchen门店,公司是否有具体的AUV和利润率目标?以及每家门店的预计成本? [46][47][48] **Jonathan Neman回答** 公司对Infinite Kitchen的表现非常满意,在客户体验、员工体验和利润率方面都有显著提升。公司正在不同类型门店进行试点,以了解Infinite Kitchen在不同场景下的表现。未来随着规模效应,Infinite Kitchen的成本将进一步下降,而且可以抵消劳动力成本上涨的压力,成为公司的强大工具。[46][47][48][56] 问题2 **Brian Bittner提问** 公司如何实现本季度劳动力成本大幅下降? [57][58] **Jonathan Neman回答** 公司通过优化人员部署、提高管理层参与度、降低员工流失率等措施,显著提升了运营效率和生产力。公司非常重视培养员工,提供良好的工作环境和发展机会,这有助于建立更稳定的团队,提高整体生产力。此外,公司最近开始实施小费制度,也有助于进一步改善员工体验。[57][58] 问题3 **Zach Ogden提问** 公司第四季度收入指引相对全年指引下调,是什么原因导致的? [82][83] **Mitch Reback回答** 公司对第四季度的消费者情绪持谨慎态度,加上第四季度通常是公司最淡季,包含3个节假日周,这些因素导致公司对第四季度收入指引相对保守。[82][83]