Sweetgreen Stock Surges 29% on Sweet 9% Same Store Sales Growth
Sweetgreen(SG) MarketBeat·2024-08-12 19:32
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. On the surface, the company missed bottom-line estimates by 4 cents and is still not profitable. However, a deeper look under the hood reveals an incredible improvement in same-store sales (SSS), jumping 9% YoY, causing adjusted EBITDA to surge to $12.4 million, up fr ...