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Sweetgreen shares surged 35% on Friday after the company topped Wall Street's revenue expectations for the first quarter. The salad chain reported $158 million in revenue, beating the LSEG consensus estimate of $152 million. It is an increase of 26% from the prior-year period, when it reported revenue of $125.1 million. Neman added that the company remains "on track" to open about seven new automated Infinite Kitchen restaurants this year and plans to establish more next year. The company announced Tuesday it's introducing steak to the menu, expanding its protein offerings with a Caramelized Garlic Steak protein plate, a Steakhouse Chopped warm bowl and a Kale Caesar (Steak) salad.
Persons: Sweetgreen, Jonathan Neman, Kale Caesar, Nicolas Jammet, We're Organizations: Wall, South Lake Union, Analysts Locations: Neman, South Lake, Seattle, Boston
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