Why Sweetgreen Stock Popped Today
Sweetgreen(SG) The Motley Fool·2024-05-10 15:13The company is on track for its first full year of adjusted profits.Shares of salad restaurant chain Sweetgreen (SG 38.05%) popped on Friday after the company beat expectations across the board for its first quarter of 2024. As of 10 a.m. ET, Sweetgreen stock was up a stunning 40% and hitting 52-week highs.Sweetgreen starts the year off strongSweetgreen underpromised and overdelivered for its Q1. The company opened six new restaurants during the quarter, and same-store sales increased 5%, as opposed to mana ...