Sweetgreen shares soar 35% after company beats revenue expectations
Publishing timestamp: 2024-05-10 13:20:19
Summary
Sweetgreen shares surged 35% after reporting better-than-expected revenue results for the first quarter and raising guidance for fiscal year 2024. The company also announced the addition of steak to its menu, expanding its protein offerings. CEO Jonathan Neman highlighted the success of new restaurant openings and plans to establish more automated Infinite Kitchen locations. Analysts were impressed by early results from Infinite Kitchen locations.
Sentiment: POSITIVE
Tickers: SG,
Keywords: food and drink, restaurants, sweetgreen inc, business, markets, breaking news: markets, business news, earnings,
Source: https://www.cnbc.com/2024/05/10/sweetgreen-shares-soar-after-company-posts-revenue-beat.html