BROS - Sweetgreen a salad chain with 140 US locations files to IPO

Sweetgreen, a salad chain which runs owns 140 stores across 13 states and Washington D.C., files to go public on the NYSE under the ticker "SG." During 2020, the company reported a loss of $141.2M and revenue of $220.6M, according to the filing. Sales at the company fell 26% compared to the prior period. The chain is doing better this year. As of Sept. 26, sales have risen 21% and losses have pared to $86.9M from $100.2M in the same 2020 period. The company, which was founded in 2006, boasts online sales that account for over two-thirds of its total revenue. Sweetgreen said that it hopes to double its footprint in the next four to five years. The company would be among several to IPO this year, after First Watch (NASDAQ:FWRG) puttered out and Dutch Bros continues a historic rise.

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Sweetgreen, a salad chain with 140 US locations, files to IPO