Sweetgreen (SG) shares jumped after the company posted its second quarter earnings which beat Wall Street expectations, with the company raising full-year...
) shares jumped after the company posted its second quarter earnings which beat Wall Street expectations, with the company raising full-year outlook for same-store sales.Neman says he feels"really good" about the company's path to profitability as it continues to grow and was pleased with the quarterly results.
And if you look at this quarter, there's a few standouts, one sales grew 21% with a 9% com store sales. And then QSR, the the gap is really narrowed, I mean, QSR, you can't get in and out of there for uh for under $15 today. You can now get a sweet green meal in about 3.5 minutes, which is just phenomenal perfectly portioned.They have this copilot to help them.So really encouraging from a team member perspective and from a financial perspective, what we've said is we expect about seven or eight points of margin leverage with the infinite kitchen.We're seeing almost 10 points of leverage from a restaurant level margin perspective.
Now, how many do you anticipate being in the infinite kitchen stores as a comparison point, it really depends on, on the volume of the store and at what time, but typically we're the, the entire like team on staff is about a third, a third of the number of employees needed.You know, we're mostly opening them in new stores in the, in the chances that we do a retrofit.We're able to move of employees to other locations if needed and make sure we find them their hours.
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