“Sweetgreen’s Marketing Chief Joins Food Delivery Startup Wonder” – WSJ
May 11, 2023
Trending News 🌥️
The Wall Street Journal recently announced that Sweetgreen ($NYSE:SG)’s Marketing Chief is joining the Food Delivery Startup Wonder. Sweetgreen is a fast-casual restaurant chain that is focused on providing flavorful and healthy food to its customers. Sweetgreen is dedicated to making nutritious food accessible to everyone, while striving to reduce its environmental impact by sourcing local and sustainable ingredients.
The company’s unique approach to food and health has attracted a loyal customer base, making Sweetgreen a leader in the healthy eating space. With the addition of Sweetgreen’s Marketing Chief to Wonder, the Food Delivery Startup is sure to benefit from their expertise and experience.
Share Price
On Thursday, Sweetgreen‘s stock opened at $7.6 and closed at $7.9 – a 3.5% increase from the previous closing price of $7.7. The news that sent the stock price climbing was the announcement that Sweetgreen’s Chief Marketing Officer, Meredith Kopit Levien, had joined the food delivery startup Wonder as its first executive. Sweetgreen is sure to miss her leadership and enthusiasm, but is confident that Levien will use her talents to drive the success of Wonder. 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 has conducted an analysis of SWEETGREEN‘s wellbeing and found that it is a medium risk investment in terms of financial and business aspects. By taking a closer look at the balance sheet and cashflow statement, we have identified two risk warnings. At GoodWhale, we believe that due diligence is important before investing and therefore encourage investors to register on our website to further investigate these risks. Our platform allows investors to view a detailed report of SWEETGREEN’s performance and compare to other companies in the same industry. With this information, we hope to make informed decisions and provide our customers with the best possible experience. 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 is a smart move for those looking to capitalize on the increasing demand for food delivery and convenience in the digital age. Recent news of the company’s Marketing Chief joining food delivery startup Wonder is an indication of Sweetgreen’s dedication to creating a competitive platform for their customers. The stock price saw an increase on the same day, signaling a positive outlook for the company’s future prospects.
With an already established presence in the industry, Sweetgreen is well positioned to capitalize on the growing demand for food delivery and convenience. The company’s focus on customer satisfaction, along with its commitment to innovation, makes it an attractive choice for investors.
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