Here's Why Sweetgreen Stock Soared Today

This little salad company is taking big steps forward. Shares of salad restaurant chain Sweetgreen (SG 22.88%) soared on Friday after the company released financial results for its second quarter of 2024. As of 10 a.m. ET, Sweetgreen stock was up a whopping 25%. Growing popularity and improving profit margins In Q2, Sweetgreen generated revenue of $185 million. This 21% year-over-year increase is the result of samestore-sales growth of 9% and of new restaurants in the system -- four net new locations opened ...