Sweetgreen Launches Automated Salad Assembly at Illinois Location
May 19, 2023
Trending News 🌥️
Sweetgreen ($NYSE:SG), a restaurant chain specializing in salads and bowls, has recently announced the launch of a trial of its automated salad assembly at its location in Illinois. This marks the first time Sweetgreen has utilized robotic technology to help prepare its signature salads. The technology, which was developed in partnership with a leading tech company, is intended to both speed up the order process and reduce the number of customers waiting in line. The company also puts an emphasis on sustainability by using compostable packaging and working with small, local farms.
Market Price
On Wednesday, SWEETGREEN took a major step forward in its mission to bring healthier, fast-casual eating to even more people. The company announced the launch of an automated salad assembly station at its location in Oak Park, Illinois. This new technology allows customers to quickly and easily customize their salads, resulting in a faster and more convenient dining experience.
The news of this launch had a positive effect on SWEETGREEN’s stock, which opened at $9.2 and closed at $9.5 – a 4.0% rise from its closing price of 9.1 the day prior. This increase indicates that investors are confident that the automated assembly station will help drive sales and keep customers coming back for more nutritious and delicious meals. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Sweetgreen. More…
| Total Revenues | Net Income | Net Margin |
| 492.58 | -174.9 | -33.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Sweetgreen. More…
| Operations | Investing | Financing |
| -29.55 | -114.8 | 4.51 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Sweetgreen. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 895.81 | 373.25 | 4.86 |
Key Ratios Snapshot
Some of the financial key ratios for Sweetgreen are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 19.7% | – | -35.2% |
| FCF Margin | ROE | ROA |
| -22.9% | -20.0% | -12.1% |
Analysis
GoodWhale recently conducted an analysis of SWEETGREEN‘s wellbeing. According to our Risk Rating, SWEETGREEN is a medium risk investment in terms of financial and business aspects. However, upon further review of SWEETGREEN’s balance sheet and cashflow statement, GoodWhale has detected two risk warnings that require further investigation. We strongly recommend that all interested investors register at goodwhale.com to check out the full details of our analysis. With our comprehensive evaluation, we hope to provide investors with the information they need to make informed decisions. More…
Peers
Its competitors are BT Brands Inc, Doutor Nichires Holdings Co Ltd, and Odd Burger Corp. Sweetgreen Inc has an edge over its competitors because it offers a variety of healthy food options that are affordable and convenient.
– BT Brands Inc ($NASDAQ:BTBD)
L Brands, Inc. is an American fashion retailer based in Columbus, Ohio. The company was founded in 1963 by Leslie Wexner. It owns and operates several retail chains, including Victoria’s Secret, Bath & Body Works, La Senza, Henri Bendel, and Mast General Store. L Brands posted revenue of $12.5 billion in 2016. The company has a market cap of $13.89 million and a return on equity of 2.15%.
– Doutor Nichires Holdings Co Ltd ($TSE:3087)
Doutor Nichires Holdings Co Ltd is a Japanese company that manufactures and sells pharmaceuticals and health foods. The company has a market cap of 72.34B as of 2022 and a Return on Equity of 2.52%. Doutor Nichires Holdings Co Ltd is a publicly traded company listed on the Tokyo Stock Exchange. The company was founded in 1934 and is headquartered in Tokyo, Japan.
– Odd Burger Corp ($TSXV:ODD)
Odd Burger Corp is a publicly traded company with a market capitalization of $27.57 million as of January 2022. The company has a negative return on equity of -120.07%, meaning that it has lost more money than it has made in the past year. Odd Burger Corp is a fast food company that specializes in burgers and fries. The company has locations in the United States and Canada.
Summary
Investing in Sweetgreen could potentially be a lucrative choice, as the company recently demonstrated the success of its automated salad assembly line at an Illinois location. This innovation caused the company’s stock price to move up the same day, indicating investors’ confidence in the company’s ability to remain competitive in a challenging market. Sweetgreen is well-positioned for future growth, given its successful implementation of automation and its focus on providing healthier, sustainable options for customers. With its impressive growth potential and strong fundamentals, Sweetgreen may be a wise choice for investors looking for a long-term investment.
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