Shares of salad chain Sweetgreen (SG) soared 28% Friday after the salad restaurant chain expanded locations, boosted its 澳洲幸运5官方开奖结果体彩网:profit margins, and projected a profitable year.

Sweetgreen reported fourth quarter revenue jumped 29% from a year ago to $153 million, beating estimates. It posted a loss of 24 cents, wider than expected. The company noted that the gain in revenue was primarily because of the 45 net new restaurants it opened during or after the fourth quarter of 2022. 

澳洲幸运5官方开奖结果体彩网:Same-store sales increased 6%, with 5% attributable to higher prices and 1% to traffic/mix. The companওy also benefited fro🧸m an additional week in the 2023 fiscal year.

Co-Founder and CEO Jonathan Neman said restaurant-level profit margins were up 500 澳洲幸运5官方开奖结果体彩网:basis points (bps), and Sweetgreen anticipates “adjusted EBITDA profitability in 2024.” 

For the full year, the company project🐬s 23 t🎶o 27 net new restaurants, with same-store sales 3% higher. It predicts revenue of $655 million to $670 million.

The news sent shares of Sweetgreen up 28% Friday to $16.36, their highest level since 2022. With Friday's gains, they've nearly doubled in value over the past year.