Sweetgreen, Inc. (SG) shares are surging on Friday morning trade after the company reported Thursday a narrower net loss for the first quarter, on 26 percent increase in revenues.
The quarterly loss was $26.1. million, compared to $33.7 million in the prior year.
Looking ahead to fiscal 2024, the company expects revenues in a range of $660-$675 million and same-store sales change of 4-6 percent.
Currently, shares are at $33.00, up 40.07 percent from the previous close of $23.56 on a volume of 10,446,274.
For comments and feedback contact: editorial@rttnews.com
Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.