Latest news with #InfiniteKitchen
Yahoo
10-06-2025
- Business
- Yahoo
Sweetgreen opening locations in 4 new cities this year: See where
Sweetgreen, known for its customizable bowls and "plant-forward menu," will soon be available in four new U.S. cities, according to the company's leadership. The Los Angeles-headquartered fast-casual chain serves bowls that customers can tailor to their own appetite, including choosing from caramelized garlic steak, wild rice and other combinations. Sweetgreen has already opened eight new restaurants this year, including one in Santa Clara on June 10, Chris Tarrant, the chain's chief development officer, told USA TODAY in an email. On June 12, a location will open in Huntersville, North Carolina, he added. Here is what Sweetgreen fans need to know about the future locations coming to four new markets.. Sweetgreen is opening locations in new markets, such as Sacramento, Phoenix, Cincinnati, and northwest Arkansas, Tarrant said. Sweetgreen's northwest Arkansas location will be in Fayetteville, as well as in Bentonville, at Walmart's home office campus, joining restaurants such as Ozark Mountain Bagel, Wright's Barbecue and multiple coffee shops. So far in 2025, Sweetgreen has opened the following locations: Pennsylvania: 1359 Frankford Ave. Suite 2, Philadelphia New Jersey: 221 East Broad Street, Westfield Connecticut: 110 Albany Turnpike, Suite 911, Canton Virginia: 3502 West Cary Street, Richmond and 4225 Fairfax Corner Ave. East, Fairfax Wisconsin: 418 N Midvale Blvd. Madison Michigan: 260 North Adams Road, Rochester Hills By the end of the year, Sweetgreen will have opened at least 40 new locations, Tarrant said. Among the new locations, two will be Sweetlane or drive-thru locations where customers order through the company's digital platform, according to Tarrant. One of the new drive-thru locations will be like previous restaurants, while the second drive-thru location will feature the company's Infinite Kitchen or automated technology, Tarrant said. Tarrant added that about half of the locations opened in 2025 will feature the company's Infinite Kitchen technology. Sweetgreen opened its pilot Infinite Kitchen store in May 2023 in Naperville, Illinois, promising quicker and more accurate service with precise portioning. The automated technology can perform tasks such as dispensing greens, dressing bowls and plates, as well as mixing salads. The automated system would allow team members to focus on food preparation and other tasks, the company wrote in a May 2023 news release. 'Team members add the final touches at the finishing station, with a sprinkle of herbs or a scoop of avocado,' according to the company. Tarrant said the company plans to keep growing in 2026. 'We look forward to serving more communities as we expand our footprint with 15%-20% annual unit growth and offer different formats to meet our guests where they are,' he added. Saleen Martin is a reporter on USA TODAY's NOW team. She is from Norfolk, Virginia – the 757. Email her at sdmartin@ This article originally appeared on USA TODAY: Sweetgreen to open locations in 4 new cities in 2025: See where Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
USA Today
10-06-2025
- Business
- USA Today
Sweetgreen opening locations in 4 new cities this year: See where
Sweetgreen opening locations in 4 new cities this year: See where 'We look forward to serving more communities as we expand our footprint," Sweetgreen CDO Chris Tarrant said in a statement. Show Caption Hide Caption Gardening tips for healthy vegetables Make sure you follow these 3 tips for a healthy vegetable garden. ProblemSolved, USA TODAY Sweetgreen, known for its customizable bowls and "plant-forward menu," will soon be available in four new U.S. cities, according to the company's leadership. The Los Angeles-headquartered fast-casual chain serves bowls that customers can tailor to their own appetite, including choosing from caramelized garlic steak, wild rice and other combinations. Sweetgreen has already opened eight new restaurants this year, including one in Santa Clara on June 10, Chris Tarrant, the chain's chief development officer, told USA TODAY in an email. On June 12, a location will open in Huntersville, North Carolina, he added. Here is what Sweetgreen fans need to know about the future locations coming to four new markets.. Which new markets is Sweetgreen entering? Sweetgreen is opening locations in new markets, such as Sacramento, Phoenix, Cincinnati, and northwest Arkansas, Tarrant said. Sweetgreen's northwest Arkansas location will be in Fayetteville, as well as in Bentonville, at Walmart's home office campus, joining restaurants such as Ozark Mountain Bagel, Wright's Barbecue and multiple coffee shops. Where are Sweetgreen's latest locations? So far in 2025, Sweetgreen has opened the following locations: Pennsylvania: 1359 Frankford Ave. Suite 2, Philadelphia New Jersey: 221 East Broad Street, Westfield Connecticut: 110 Albany Turnpike, Suite 911, Canton Virginia: 3502 West Cary Street, Richmond and 4225 Fairfax Corner Ave. East, Fairfax Wisconsin: 418 N Midvale Blvd. Madison Michigan: 260 North Adams Road, Rochester Hills By the end of the year, Sweetgreen will have opened at least 40 new locations, Tarrant said. What is Sweetgreen's Infinite Kitchen? Among the new locations, two will be Sweetlane or drive-thru locations where customers order through the company's digital platform, according to Tarrant. One of the new drive-thru locations will be like previous restaurants, while the second drive-thru location will feature the company's Infinite Kitchen or automated technology, Tarrant said. Tarrant added that about half of the locations opened in 2025 will feature the company's Infinite Kitchen technology. Sweetgreen opened its pilot Infinite Kitchen store in May 2023 in Naperville, Illinois, promising quicker and more accurate service with precise portioning. The automated technology can perform tasks such as dispensing greens, dressing bowls and plates, as well as mixing salads. The automated system would allow team members to focus on food preparation and other tasks, the company wrote in a May 2023 news release. 'Team members add the final touches at the finishing station, with a sprinkle of herbs or a scoop of avocado,' according to the company. What is happening with Sweetgreen in 2026? Tarrant said the company plans to keep growing in 2026. 'We look forward to serving more communities as we expand our footprint with 15%-20% annual unit growth and offer different formats to meet our guests where they are,' he added. Saleen Martin is a reporter on USA TODAY's NOW team. She is from Norfolk, Virginia – the 757. Email her at sdmartin@
Yahoo
09-06-2025
- Business
- Yahoo
Billionaires Ken Griffin and Israel Englander Are Buying a Beaten-Down Growth Stock -- and It Could Turn $10,000 Into $100,000
Billionaires like Ken Griffin and Israel Englander piled into Sweetgreen stock in the first quarter. After posting disappointing results this year and facing macro headwinds, the stock has plunged. The long-term growth opportunity for Sweetgreen is still substantial. 10 stocks we like better than Sweetgreen › Sweetgreen (NYSE: SG) is one of the more disruptive companies in the retail/restaurant industry today. The company has brought a new concept to the fast-casual format as the largest fast-casual salad chain in the U.S. That menu seems to be resonating with customers. Sweetgreen is rapidly adding new locations, and its average restaurant brings in $2.9 million in revenue, a number on par with fast-casual leader Chipotle. However, an even greater point of disruption from Sweetgreen may be its Infinite Kitchen, a robotic system to help expedite orders, saving money on labor and improving throughput. Of the 40 restaurants it plans to open this year, 20 will have an Infinite Kitchen. The company has also teased the idea of licensing the new technology, which could open up a new revenue stream. Despite that potential, Sweetgreen has had a forgettable year. Its stock is down 54% year to date through June 4. It has faced several challenges, including the wildfires in Los Angeles, one of its biggest markets and where the company is headquartered, and broader headwinds in the restaurant industry due to concerns about tariffs and other signs of a weakening economy. In its first-quarter earnings report, the company reported a same-store sales decline of 3.1%. It said quarter-to-date comps were down mid-single digits in the second quarter as concerns around tariffs picked up in April, weighing on demand. A 54% sell-off is disappointing for existing shareholders of the stock, but it creates an opportunity to scoop up this promising growth stock on the cheap. In fact, two billionaires did just that in the first quarter. Israel Englander's Millennium Management purchased 2.17 million shares of the restaurant stock, adding to a stake it started building in Q1 2023. Similarly, Ken Griffin's Citadel Advisors, which is often considered to be the best-performing hedge fund, added 1.27 million shares of Sweetgreen. Citadel first bought the stock when it went public in the fourth quarter of 2021. Buying the dip on Sweetgreen is risky, especially with an uncertain economy, and declining comparable sales are never a good sign for a restaurant chain. However, management's guidance calls for an improvement in same-store sales over the rest of the year, forecasting flat growth for the year. More importantly, the company's long-term growth opportunities are still significant. After the reset in the stock price, Sweetgreen's market cap has fallen to just $1.8 billion. That means the stock could turn $10,000 to $100,000 if its market cap reached $18 billion, a reasonable goal for a restaurant chain. Despite the weak same-store sales, Sweetgreen continues to aggressively open new stores. It plans to add 40 locations this year, growing the store base by 16%. Over the longer term, CEO Jonathan Neman sees the company growing to at least 1,000 stores, if not several thousand. This should drive the stock higher over the longer term, assuming Sweetgreen can pull off that expansion. In the meantime, the company is delivering strong average unit volumes of $2.9 billion, and its restaurant-level operating margin of 19% is good enough to drive profitability, especially as that margin is likely to increase over time. Investments in the Infinite Kitchen system seemed to have weighed on the bottom line but should spread out over time. Finally, Infinite Kitchen should give the company a competitive advantage in areas like labor and throughput, and the effect of the technology should eventually show in the financial results. Overall, Sweetgreen is the leader in a growing fast-casual category, its restaurants are generating strong traffic, and it has a potential technological advantage in Infinite Kitchen. The stock is risky, but the upside potential is there, especially once the economy improves. The company should return to same-store sales growth when that happens. Before you buy stock in Sweetgreen, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Sweetgreen wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $669,517!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $868,615!* Now, it's worth noting Stock Advisor's total average return is 792% — a market-crushing outperformance compared to 171% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 2, 2025 Jeremy Bowman has positions in Chipotle Mexican Grill and Sweetgreen. The Motley Fool has positions in and recommends Chipotle Mexican Grill. The Motley Fool recommends Sweetgreen and recommends the following options: short June 2025 $55 calls on Chipotle Mexican Grill. The Motley Fool has a disclosure policy. Billionaires Ken Griffin and Israel Englander Are Buying a Beaten-Down Growth Stock -- and It Could Turn $10,000 Into $100,000 was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
08-06-2025
- Business
- Globe and Mail
Billionaires Ken Griffin and Israel Englander Are Buying a Beaten-Down Growth Stock -- and It Could Turn $10,000 Into $100,000
Sweetgreen (NYSE: SG) is one of the more disruptive companies in the retail/restaurant industry today. The company has brought a new concept to the fast-casual format as the largest fast-casual salad chain in the U.S. That menu seems to be resonating with customers. Sweetgreen is rapidly adding new locations, and its average restaurant brings in $2.9 million in revenue, a number on par with fast-casual leader Chipotle. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » However, an even greater point of disruption from Sweetgreen may be its Infinite Kitchen, a robotic system to help expedite orders, saving money on labor and improving throughput. Of the 40 restaurants it plans to open this year, 20 will have an Infinite Kitchen. The company has also teased the idea of licensing the new technology, which could open up a new revenue stream. Despite that potential, Sweetgreen has had a forgettable year. Its stock is down 54% year to date through June 4. It has faced several challenges, including the wildfires in Los Angeles, one of its biggest markets and where the company is headquartered, and broader headwinds in the restaurant industry due to concerns about tariffs and other signs of a weakening economy. In its first-quarter earnings report, the company reported a same-store sales decline of 3.1%. It said quarter-to-date comps were down mid-single digits in the second quarter as concerns around tariffs picked up in April, weighing on demand. A fresh opportunity A 54% sell-off is disappointing for existing shareholders of the stock, but it creates an opportunity to scoop up this promising growth stock on the cheap. In fact, two billionaires did just that in the first quarter. Israel Englander's Millennium Management purchased 2.17 million shares of the restaurant stock, adding to a stake it started building in Q1 2023. Similarly, Ken Griffin's Citadel Advisors, which is often considered to be the best-performing hedge fund, added 1.27 million shares of Sweetgreen. Citadel first bought the stock when it went public in the fourth quarter of 2021. Buying the dip on Sweetgreen is risky, especially with an uncertain economy, and declining comparable sales are never a good sign for a restaurant chain. However, management's guidance calls for an improvement in same-store sales over the rest of the year, forecasting flat growth for the year. More importantly, the company's long-term growth opportunities are still significant. Will Sweetgreen be a ten-bagger? After the reset in the stock price, Sweetgreen's market cap has fallen to just $1.8 billion. That means the stock could turn $10,000 to $100,000 if its market cap reached $18 billion, a reasonable goal for a restaurant chain. Despite the weak same-store sales, Sweetgreen continues to aggressively open new stores. It plans to add 40 locations this year, growing the store base by 16%. Over the longer term, CEO Jonathan Neman sees the company growing to at least 1,000 stores, if not several thousand. This should drive the stock higher over the longer term, assuming Sweetgreen can pull off that expansion. In the meantime, the company is delivering strong average unit volumes of $2.9 billion, and its restaurant-level operating margin of 19% is good enough to drive profitability, especially as that margin is likely to increase over time. Investments in the Infinite Kitchen system seemed to have weighed on the bottom line but should spread out over time. Finally, Infinite Kitchen should give the company a competitive advantage in areas like labor and throughput, and the effect of the technology should eventually show in the financial results. Overall, Sweetgreen is the leader in a growing fast-casual category, its restaurants are generating strong traffic, and it has a potential technological advantage in Infinite Kitchen. The stock is risky, but the upside potential is there, especially once the economy improves. The company should return to same-store sales growth when that happens. Should you invest $1,000 in Sweetgreen right now? Before you buy stock in Sweetgreen, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Sweetgreen wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $669,517!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $868,615!* Now, it's worth noting Stock Advisor 's total average return is792% — a market-crushing outperformance compared to171%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of June 2, 2025 Jeremy Bowman has positions in Chipotle Mexican Grill and Sweetgreen. The Motley Fool has positions in and recommends Chipotle Mexican Grill. The Motley Fool recommends Sweetgreen and recommends the following options: short June 2025 $55 calls on Chipotle Mexican Grill. The Motley Fool has a disclosure policy.
Yahoo
20-05-2025
- Business
- Yahoo
Sweetgreen, Inc. (SG) Set to Enter Arkansas Market as Part of Southern U.S. Expansion
On May 19, Sweetgreen, Inc. (NYSE:SG) announced plans to enter the Arkansas market, marking a notable move in its ongoing expansion throughout the southern U.S. Photo by Samuel Regan-Asante on Unsplash Sweetgreen, Inc. (NYSE:SG) is mainly known for its fast-casual concept centered around fresh, healthy meals, offering a range of salads, bowls, and other nutritious options, with a strong emphasis on seasonal produce and sustainable practices. According to the announcement, the first Arkansas location will launch in Fayetteville later this year, followed by another spot at Walmart's new headquarters in Bentonville. These upcoming openings are part of Sweetgreen, Inc. (NYSE:SG)'s broader national growth strategy. The company is eyeing additional markets in 2025, including Sacramento, Phoenix, and Cincinnati. Looking ahead, Sweetgreen aims to increase its presence by 15% to 20% each year and plans to open at least 40 new restaurants in 2025, half of which will feature its advanced Infinite Kitchen technology. Christopher Tarrant, Chief Development Officer at Sweetgreen, made the following comment: 'Northwest Arkansas is quickly becoming a hub for innovation and growth, and we're excited to be part of it. Opening on Walmart's forward-thinking New Home Office campus and in Fayetteville, home of the University of Arkansas, is a meaningful milestone for our brand, and we're looking forward to serving these communities with fresh, real food.' Sweetgreen, Inc. (NYSE:SG)'s expansion strategy was also reflected in its first-quarter earnings, where it provided FY25 guidance projecting revenue between $740 million and $760 million. Same-store sales are expected to remain relatively unchanged, while the restaurant-level profit margin is estimated at around 19.5%. In addition, the company expects adjusted EBITDA to come in at approximately $30 million, underscoring its continued focus on operational efficiency as it scales. While we acknowledge the potential of SG to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SG and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: and Disclosure. None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
