This post was originally published on this site
Investing.com — Shares of Sweetgreen Inc (NYSE:SG) rose 10% after positive comments on the company from Goldman Sachs analyst Jared Garber.
The analyst hosted an investor meeting with the company’s co-founder and CEO, Jonathan Neman, CFO Mitch Reback, and investor relations head Rebecca Nounou.
Sweetgreen recently reported fourth-quarter earnings, posting impressive sales growth and a positive outlook.
Garber told investors that the meeting was “broadly constructive” and that “Sweetgreen continues to execute on its leading unit growth.
“Top-line trends broadly recovered in February from challenges in Dec/Jan from the Omicron wave, and management was positive on the pace of urban recovery (particularly NYC) as markets re-open and return-to-work trends accelerate,” explained the analyst.
Goldman’s is “incrementally positive on SG’s growth strategy and vision to develop a leading restaurant-lifestyle brand,” he concluded.
