Reported 2 months ago
Sweetgreen shares surged after the company's second-quarter earnings exceeded expectations, prompting an optimistic revised outlook for same-store sales. CEO Jonathan Neman emphasized a cautious approach to pricing power, noting that Sweetgreen has raised prices less than competitors over the past four years. He also mentioned the introduction of 'infinite kitchens' aimed at reducing staffing needs through automation, indicating a positive path toward profitability.
Source: YAHOO