Sweetgreen (SG) shares skyrocketed Friday, a day after thꦐe salad restaurant chain slashed its loss, 🧸boosted sales, and raised its guidance as it expanded locations.

Sweetgreen posted a second-quarter net loss of $14.5 million, nearly half of what it was a year earlier, while adjusted earnings before interest, taxes, ♉depreciation, and amortization (EBITDA) of $12.4 million was better than expected. Revenue rose 21% year-over-year to $184.6 million, also more than estimates.

The company attributed the revenue jump primarily to the addition of 36 net new restaurant openings versus the same period in 2023, which contributed $18.2 million.  澳洲幸运5官方开奖结果体彩网:Same-store sales gained 9%, pulling in $13.9 million.

CEO Says 'Expanding Menu Is Hitting the Mark'

Co-founder and 澳洲幸运5官方开奖结果体彩网:Chief Executive Officer (CEO) Jonathan Neman said Sweetgreen continues to open successful locations across the country, and its "expanding men𒅌u is hitting the mark with customers, delivering on craveability, quality and value."

The firm made several updates to its full-year outlook. It now sees 24 to 26 net new restaurant openings (23 to 27 previously); revenue from $670 million to $680 million ($660 million to $675 million); same-store sales growth of 5% to 7% (4% to 6%); restaurant-level 澳洲幸运5官方开奖结果体彩网:profit margin of 19% to 20% (18.5% to 20%); and adjusted EBITDA of $16 million to $19 million ($10 million to $19 million).

Shares of Sweetgreen jumped 25% to $32.74 as of 10 a.m. ET Friday. They have soared about 190% year-to-date.