We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Sweetgreen (SG) Expands Domestic Footprint With New Location
Read MoreHide Full Article
Sweetgreen, Inc. (SG - Free Report) unveils its first location in Seattle at The Village of Totem Lake in Kirkland. This marks the company's entry into Washington, the first state in the Pacific Northwest, signifying its focus on domestic expansion.
This expansion emphasizes collaboration, local sourcing and contributing to the unique essence of the Pacific Northwest. The company is optimistic in this regard and introduces a new dining option to The Village of Totem Lake, known for its enriching community experience. The company expects to open two more Sweetgreen restaurants this year, in South Lake Union and Capitol Hill.
With each new market entry, Sweetgreen collaborates with a local partner to make a positive impact. Sweetgreen announces a partnership with Northwest Harvest, a Washington state-based food justice organization. Northwest Harvest provides millions of nutritious meals to more than 400 partner programs and advocates for equitable food policies. For every meal sold on opening day, Sweetgreen will match with a meal donation to Northwest Harvest, supporting local communities facing food insecurity.
Focus on Expansion
Expanding and evolving its footprint in new and existing markets are crucial aspects of the company's strategy for future growth. In the third quarter of 2023, the company opened 15 new restaurants, including its debut in Milwaukee and Orange County. As of Sep 24, 2023, the company had 220 restaurants.
Image Source: Zacks Investment Research
Shares of Sweetgreen have increased 4.2% in the past year compared with the industry’s 3.7% growth. The company is benefiting from higher incremental revenues associated with new restaurant openings, robust same-store sales and strategic pricing.
Zacks Rank & Other Key Picks
Sweetgreen currently carries a Zacks Rank #2 (Buy).
Some other top-ranked stocks from the Zacks Retail-Wholesale sector are:
Abercrombie & Fitch Co. (ANF - Free Report) currently flaunts a Zacks Rank #1 (Strong Buy). It has a trailing four-quarter earnings surprise of 713%, on average. Shares of ANF have surged 264.5% in the past year. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for ANF’s 2024 sales and earnings per share (EPS) suggests increases of 15.1% and 2,320%, respectively, from the year-ago period’s levels.
Arcos Dorados Holdings Inc. (ARCO - Free Report) sports a Zacks Rank #1. It has a trailing four-quarter earnings surprise of 28.3%, on average. Shares of ARCO have surged 39% in the past year.
The Zacks Consensus Estimate for ARCO’s 2024 sales and EPS indicates 10.6% and 15.5% growth, respectively, from the year-ago period’s levels.
Brinker International, Inc. (EAT - Free Report) currently carries a Zacks Rank #2. It has a trailing four-quarter earnings surprise of 223.6%, on average. The stock has gained 4% in the past year.
The Zacks Consensus Estimate for EAT’s 2024 sales and EPS suggests a rise of 5% and 26.2%, respectively, from the year-ago period’s levels.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Sweetgreen (SG) Expands Domestic Footprint With New Location
Sweetgreen, Inc. (SG - Free Report) unveils its first location in Seattle at The Village of Totem Lake in Kirkland. This marks the company's entry into Washington, the first state in the Pacific Northwest, signifying its focus on domestic expansion.
This expansion emphasizes collaboration, local sourcing and contributing to the unique essence of the Pacific Northwest. The company is optimistic in this regard and introduces a new dining option to The Village of Totem Lake, known for its enriching community experience. The company expects to open two more Sweetgreen restaurants this year, in South Lake Union and Capitol Hill.
With each new market entry, Sweetgreen collaborates with a local partner to make a positive impact. Sweetgreen announces a partnership with Northwest Harvest, a Washington state-based food justice organization. Northwest Harvest provides millions of nutritious meals to more than 400 partner programs and advocates for equitable food policies. For every meal sold on opening day, Sweetgreen will match with a meal donation to Northwest Harvest, supporting local communities facing food insecurity.
Focus on Expansion
Expanding and evolving its footprint in new and existing markets are crucial aspects of the company's strategy for future growth. In the third quarter of 2023, the company opened 15 new restaurants, including its debut in Milwaukee and Orange County. As of Sep 24, 2023, the company had 220 restaurants.
Image Source: Zacks Investment Research
Shares of Sweetgreen have increased 4.2% in the past year compared with the industry’s 3.7% growth. The company is benefiting from higher incremental revenues associated with new restaurant openings, robust same-store sales and strategic pricing.
Zacks Rank & Other Key Picks
Sweetgreen currently carries a Zacks Rank #2 (Buy).
Some other top-ranked stocks from the Zacks Retail-Wholesale sector are:
Abercrombie & Fitch Co. (ANF - Free Report) currently flaunts a Zacks Rank #1 (Strong Buy). It has a trailing four-quarter earnings surprise of 713%, on average. Shares of ANF have surged 264.5% in the past year. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for ANF’s 2024 sales and earnings per share (EPS) suggests increases of 15.1% and 2,320%, respectively, from the year-ago period’s levels.
Arcos Dorados Holdings Inc. (ARCO - Free Report) sports a Zacks Rank #1. It has a trailing four-quarter earnings surprise of 28.3%, on average. Shares of ARCO have surged 39% in the past year.
The Zacks Consensus Estimate for ARCO’s 2024 sales and EPS indicates 10.6% and 15.5% growth, respectively, from the year-ago period’s levels.
Brinker International, Inc. (EAT - Free Report) currently carries a Zacks Rank #2. It has a trailing four-quarter earnings surprise of 223.6%, on average. The stock has gained 4% in the past year.
The Zacks Consensus Estimate for EAT’s 2024 sales and EPS suggests a rise of 5% and 26.2%, respectively, from the year-ago period’s levels.