From CNBC: 2024-05-10 13:17:10

Sweetgreen’s shares skyrocketed 35% after surpassing revenue expectations for Q1, reporting $158 million in revenue, exceeding estimates by $6 million. The company raised its full-year revenue and adjusted EBITDA guidance. CEO Jonathan Neman highlighted strong performance of new restaurant openings, with plans for seven automated locations this year and more in the future.

Sweetgreen unveils new Caramelized Garlic Steak offerings nationwide, including a protein plate, warm bowl, and salad. During testing in Boston, the steak quickly became a dinner favorite, accounting for nearly 20% of dinner orders. Chief concept officer Nicolas Jammet expresses excitement to provide customers with more of what they desire.

Read more: Sweetgreen shares soar 35% after company beats revenue expectations