When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
SG - Sweetgreen: Impressive Growth But Valuation Is Sky-High
Sweetgreen Inc. Class A
2024-05-31 10:09:13 ET
Summary
Sweetgreen's stock has soared in 2024 as revenue and same-store sales growth continues to impress.
The company opened six new restaurants in the quarter and these locations are already proving to be quite promising.
The current valuation does seem stretched and I worry consumers may find restaurant prices to be too high in the near future if inflation continues to be sticky.
Thus far in 2024, Sweetgreen ( SG ) has turned out to be a stellar investment as the company is up over 160% YTD ....