Sweetgreen: Growth Prospects Likely Baked In (NYSE:SG)

Salad chain Sweetgreen (NYSE:SG) has a long runway for store expansion, as well as margin expansion driven by automation and cost savings. Prospects however appear baked into stock.

Company Overview

Sweetgreen is an American fast casual restaurant chain that205

Net new restaurant openings

35 annually over the next four years

Revenue growth rate YoY %

Gradually decelerating to around 11% over the next four years

Labor / revenues %

Gradually dropping to 21.8% of revenues

G&A / revenues %

Gradually dropping to 8% of revenues

Net margin %

Gradually improving to 3% (for context, Chipotle whose store network is more than 15 times bigger than Sweetgreen has a net margin of around 12%)

Discount rate

10%

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