Sweetgreen's Share Price Has Surged 120% in 2024. Here's How Artificial Intelligence (AI) Is Helping This Stock Soar.

Robot chefs Nevertheless, that operating margin spread is too wide to ignore. Sweetgreen management aims to open seven new Infinite Kitchen-equipped restaurants this year and retrofit three or four existing outlets with the system. That'll cost a pretty penny, sure, but the company's wallet is relatively fat. At the end of the aforementioned quarter it held nearly $244 million in cash in its coffers, and the machines clearly have vast, bottom-line-lifting potential. The improvements should continue. The com ...