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Sweetgreen CEO Neman: As we get bigger, we aim to get better as a companyJonathan Neman, Sweetgreen co-founder and CEO, joins 'Mad Money' host Jim Cramer to talk quarterly results, growth opportunities and more.
Persons: Jonathan Neman, Jim Cramer Locations: Sweetgreen
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSweetgreen CEO: The price value we offer is 'really resonating' with consumersSweetgreen CEO Jonathan Neman joins CNBC's 'The Exchange' to discuss how menu expansion has helped drive Sweetgreen's profitability, where the company is opening automated locations, and more.
Persons: Jonathan Neman Locations: CNBC's
Corporate insiders have been actively buying and selling their own stock in May, with one recent weeklong stretch showing higher ups at five different companies spent at least $1 million, according to VerityData. A similar situation happened at Akamai Technologies , where CEO Tom Leighton bought about $2 million worth of stock last Tuesday. Insider sales The dollar figures attached to major insider sales during the same time period were even larger than the buys. Meanwhile, Crowdstrike CFO Burt Podbere sold about $8 million of stock, with chief security officer Shawn Henry also selling shares. The CEOs of Squarespace and T-Mobile each sold more than $6.5 million worth of stock.
Persons: VerityData, Jared Isaacman, Isaacman, Nancy Disman, Tom Leighton, Anthony Williams, John Childs, Childs, Gregory Bailey, Vlad Coric, Jayshree Ullal, Burt Podbere, Shawn Henry, Anthony Casalena's, Jonathan Neman, , Nick Wells Organizations: Shift4, Akamai Technologies, VerityData, Arista Networks, Mobile Locations: Biohaven
Sweetgreen introduced caramelized garlic steak, which is now the most expensive protein on its menu. The salad chain, which has over 225 locations, added caramelized garlic steak on Tuesday. Axios reported that it's the first red meat Sweetgreen has sold. In comparison, Sweetgreen charges $2.75 to add roasted tofu, $3.75 to add blackened or roasted chicken, and $6.15 to add miso glazed salmon. Neman said that Sweetgreen introduced steak to boost its dinner sales and expand its customer base.
Persons: Sweetgreen, , Jonathan Neman, they've Organizations: Service, New York Times, Times Locations: Manhattan, Boston, Neman, Australia, New Zealand
High-income consumers helped Chipotle Mexican Grill , Wingstop and Sweetgreen report strong sales this quarter, bucking the broader consumer slowdown that's been hurting other eateries. The sector saw higher traffic growth than any other dining sector from November to February, according to GuestXM data. High-income consumers haven't felt the same pinch as those in lower-income brackets. Wingstop saw its same-store sales soar 21% in the quarter. On Thursday, the salad chain reported first-quarter same-store sales growth of 5% and raised its full-year outlook for same-store sales growth.
Persons: Chris Kempczinski, John Peyton, haven't, Wingstop, Michael Skipworth, Jonathan Neman Organizations: Starbucks, KFC, Yum Brands, CNBC, Dine Brands
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
The company's new creator rewards program, announced Monday, incentivizes creators to post longer videos and optimize their content for search. Related storiesTo qualify for the program, creators must be at least 18 years old and have at least 10,000 followers and 100,000 views in the previous 30 days. AdvertisementSome savvy TikTok creators have been experimenting with search-engine optimization for months, well before the company made it criteria for payouts. TikTok has introduced a creator search insights tool in some regions, making it easier for users to tailor their videos to search trends. However, not all creators have been thrilled by TikTok's efforts to promote search content.
Persons: , Abigail Akinyemi, TikTok, Zachary Neman Organizations: Service, Business
Source: Salad and GoWhen Sweetgreen went public two years ago, co-founder and CEO Jonathan Neman said the salad chain aspired to be the "McDonald's of its generation." But another salad rival could beat Sweetgreen to the punch: Salad and Go. One of its 48 ounce salads costs less than $7 and comes with chicken or tofu, while a comparable salad from Sweetgreen costs about $12. Two years later, Morrison took over as chief executive, departing Wall Street's favorite chicken wing chain after a decade in favor of a little-known salad chain that then had only 50 locations. Other salad players, such as Sweetgreen, Just Salad or Salata, are usually in the same markets as Salad and Go.
Persons: Sweetgreen, Jonathan Neman, Charlie Morrison, Morrison, Wall, Adam Jeffery, Go, We've, Nicole Portwood, Portwood, hasn't Organizations: Volt Investment, CNBC Locations: Arizona , Nevada , Oklahoma, Texas, Southern California, Englewood Cliffs , New Jersey
Company bosses have vowed never to hire members of a university's student groups that condemned Israel. The fallout from the Israel-Hamas war has spilled into workplaces everywhere, as top leaders of prominent companies weigh in with their views while workers complain their voices are not being heard. Starbucks filed a lawsuit to stop Starbucks Workers United from using its name and a similar logo. Workers United, the parent union of Starbucks Workers United, responded with its own lawsuit saying Starbucks defamed the union by implying it supports terrorism. Starbucks Workers United tweeted a longer message on Friday denouncing Israel’s “occupation” and “threats of genocide Palestinians face” while also condemning antisemitism and Islamophobia.
Persons: Israel, J.P Morgan Chase, Goldman Sachs, Albert Bourla, Pfizer, ” Bourla, Paddy Cosgrave, , David Marcus, Cosgrave, Jonathan Neman, Winston, Strawn, Isra, Abuhasna, Israel’s, Angela Berg, Perelaks, Berg, Julie Sweet, David, Allison Grinberg, Funes, didn't, , Grinberg, Dee, Ann Durbin Organizations: Starbucks, Company, Hamas, U.S, Google, Pfizer, Summit, Siemens, Intel, Harvard, New York University, Student Bar Association, Islamic Relations, Palestinian, Starbucks Workers, . Workers United, Starbucks Workers United, Accenture, Associated Press, Liberty Mutual, Israel . Liberty Mutual Locations: Israel, Gaza, Chicago, Palestinian American, U.S, Palestine, Boston, Funes
Two startup founders and a VC explain why they won't hire people who support Hamas. Struck has pledged never to hire people who support Hamas, which has been designated a terrorist organization by the US. In the days following the horrific terrorist attack by Hamas against Israel, this distinction was sometimes lost. In their interviews with Insider, Struck, Broukhim, and Frischer explained nuanced stances and where they draw the line on this issue. Frischer's takeMatt Frischer, co-founder of Protect Matt FrischerFrischer has similar opinions.
Persons: , Adam, Michael Broukhim, Matt Frischer, Oren Etzioni, Israel, Bill Ackman, Frischer, FabFitFun Michael Broukhim, Broukhim, He's, Jonathan Neman, Matt Frischer Frischer, It's Organizations: Hamas, Service, Israel, Madonna Venture, Pershing, Harvard, Columbia, Defamation, cribs Locations: Israel, Los Angeles, Palestine, FabFitFun
The CEO of Pershing Square Capital Management said he wanted to ensure his company and others don’t “inadvertently hire” any students belonging to Harvard groups that signed the letter. Following a backlash to the statement, some of the student groups have since withdrawn their endorsements. Others warn that naming the students whose groups backed the statement could put the students in harms way and did not account for differences of opinion within the student groups. But Harvard President Claudine Gay issued a statement Tuesday saying “no student group – not even 30 student groups – speaks for Harvard University or its leadership.”Harvard student groups’ statementThe controversy comes in response to a joint statement released by a coalition of Harvard student groups following the attacks by Hamas that have killed more than 1,000 Israelis and at least 14 American citizens. Another Harvard student, Danielle Mikaelian, said she resigned from the board of a group that signed the statement on Israel and didn’t have a chance to read it until it was too late.
Persons: Bill Ackman, ” Ackman, don’t “, , Jonathan Neman, Ackman, Stephen Sullivan, Claudine Gay, , , ” Jake Wurzak, shouldn’t, ” Wurzak, Mohini Tangri, Tangri, Danielle Mikaelian, didn’t, ” Mikaelian, Israel “, Winston, Strawn, “ Winston, Larry Summers, Summers, Bill Clinton, ” Gay, Jonathan Greenblatt, CNN’s Kristina Sgueglia, Sabrina Shulman Organizations: New, New York CNN, Billionaire, Harvard University, Pershing, Capital Management, Harvard, Dovehill Capital Management, Forbes . Harvard University, ” Harvard, Harvard Palestine Solidarity Groups, Harvard Crimson, Harvard Undergraduate Nepali Student Association, Crimson, Harvard Law School, NYU Student Bar Association, NYU, Winston, Defamation League, ADL, Accenture, Adidas, NBA, CNBC Locations: New York, Israel, Gaza
Bill Ackman and other business leaders said they never want to hire the Harvard University students who signed a statement saying they “hold the Israeli regime entirely responsible for all unfolding violence.”Ackman, a hedge-fund manager, and senior executives such as Jonathan Neman, CEO of Sweetgreen, said on social media that they want to see a list of the signees. About 30 student organizations issued the joint statement over the weekend calling Israel an “apartheid regime” and saying Palestinians have been forced to "live in a state of death.”
Persons: Bill Ackman, , Jonathan Neman, Israel Organizations: Harvard University
Chipotle tests automation for burrito bowls and salads
  + stars: | 2023-10-03 | by ( Amelia Lucas | ) www.cnbc.com   time to read: +2 min
Chipotle Mexican Grill is testing whether automation can make customers' burrito bowls and salads. It's the second time the burrito chain has publicly announced testing automation at its innovation center. Roughly two-thirds of all Chipotle digital orders are either burrito bowls or salads, according to Chipotle. The Hyphen robot will make burrito bowls and salads for digital orders only. Simultaneously, an employee can assemble digital orders for other items, such as tacos, quesadillas and burritos, on the digital make line.
Persons: Chipotle's, Sweetgreen, Jonathan Neman, Chipotle Organizations: Ono Locations: California
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSweetgreen CEO on Q2: Investors starting to see sustainability in business modelSweetgreen CEO Jonathan Neman joins 'Squawk on the Street' to discuss what happened to the stock after earnings Friday, what would bolster the company's top-line growth, and much more.
Persons: Jonathan Neman
Sweetgreen on Thursday reported quarterly sales that fell short of Wall Street's expectations, but narrowing losses. The company reported an adjusted EBITDA of $3.3 million, swinging from a loss of $7.8 million in the year-ago period. For 2023, Sweetgreen now expects restaurant-level margins of 16% to 18%, up from its prior range of 15% to 17%. It also expects adjusted EBITDA in a range of a $10 million loss to breaking even. The company previously said is adjusted EBITDA would be a loss of $13 million to $3 million.
Persons: Jonathan Neman, Sweetgreen Organizations: CNBC Locations: Neman
But with its so-called Infinite Kitchen, Sweetgreen joins the legion of restaurant companies incorporating automation into their businesses. Sweetgreen plans to open a second Infinite Kitchen location later this year. Unlike the traditional Sweetgreen restaurant, customers won't have to wait 10 to 15 minutes to pick up mobile orders. Source: SweetgreenBehind the counter is the "Infinite Kitchen," which resembles the bulk food dispensers found in some grocery stores. Employees have to set up the Infinite Kitchen in the morning, ensuring it's well-stocked and calibrated for accurate and consistent portions.
Persons: Sweetgreen, Jonathan Neman, William Blair, hasn't, Spyce, , Timothy Noonan, Noonan, they're, T.D, Cowen Organizations: William, William Blair Growth Stock, MIT, IK, CNBC, Employees, Workers Locations: Chicago, Naperville , Illinois, Boston, Neman, New York, Naperville
Sweetgreen on Thursday reported a narrower-than-expected loss in its first quarter after slowing its expansion to focus on profitability. The salad chain, which went public in November 2021, is aiming to turn a profit for the first time by 2024. Net sales climbed 22% year over year to $125.1 million, and same-store sales rose 5%, topping FactSet estimates of 4.9%. Sweetgreen CEO Jonathan Neman told CNBC that the chain's Chicken + Chipotle Pepper Bowl drew in new customers and generated buzz. Sweetgreen reiterated most of its 2023 forecast, which projects revenue between $575 million to $595 million and same-store sales growth of 2% to 6%.
For my book, "Raising an Entrepreneur," I talked to 70 parents who raised highly successful kids. We fail, we try and try again, we fail, we try and try and try," he told me. We want kids to explore things in ways that are most meaningful to them, rather than having them trying to please us. Robert Stephens is a perfect example of someone who turned a childhood passion into entrepreneurial success: The boy who loved to fix things started a company that fixes things. Stephens' parents consistently supported his passion and trusted him to make his own choices, and he learned to believe in his own abilities.
Health food and wellness productsDrinks at a Whole Foods in Miami Beach, Florida. Founders expect this trend to reach far and wide, from fashion and technology to food and wellness. Chelsea Neman Nassib, the founder and CEO of the art marketplace Tappan Collective, believes customers are also becoming more socially conscious. Luis Gramajo, a cofounder of the cookie brand Wunderkeks, said customers were demanding more from the food industry, both in product quality and in branding. We're seeing that trend in the food industry, and that's why it keeps growing."
"My dad says I'm taking the joy out of a restaurant," Frischling said. "If this industry doesn't keep up, we're not going to have so many restaurants," Frischling told Insider. Frischling is part of a wave of restaurant operators and high-profile chains investing millions in the industry's future. Over the years, Chipotle, Inspire Brands, and Restaurant Brands International — the owner of Burger King and Popeyes — have invested in autonomous-delivery vehicles, ghost kitchens, and digital-ordering software. IGC HospitalityThe New York restaurant company, also known as In Good Company Hospitality Group, invested in the restaurant-tech firm MarginEdge in 2021, according to PitchBook.
The things that parents say to their kids can either encourage and give them confidence, or lower their self-esteem and hold them back in life. As I researched and wrote my book, "Raising an Entrepreneur," I talked to 70 parents who raised highly successful adults about how they helped their kids achieve their dreams. These parents were the opposite of "helicopter" parents (a.k.a. “My parents weren’t angry, they just told me I had to put them all back," he said. We fail, we try and try again, we fail, we try and try and try."
Natalia nu a putut fi prezentă la gala fotbalului din această țară pentru a-și ridica premiul.Munteanu este legitimtă la clubul Dinamo Minsk echipă la care a avut o prestație excelentă, reușind eventul, câștigând titlul de campioană și Cupa Belarusului.Natalia a jucate în 13 meciuri în campionat iar în 10 din ele nu a încasat gol. Mai mult, ea a reușit chiar să marcheze un gol din penalty.Muntean are 27 de ani și este originară din Ungheni. Ea s-a transferat la Dinamo Minsk la începutul anului, iar anterior a mai evoluat în Belarus la Dnepr Mogilev și Neman Grodno.Anul trecut, Natalia Munteanu a fost desemnată cea mai bună jucătoare de fotbal din Moldova.
Persons: Natalia, Ea, Natalia Munteanu Organizations: Dinamo Minsk Locations: penalty.Muntean, Ungheni, Belarus, Dnepr, Neman, Moldova
Distribuiti mai departe...2121 SharesDouă companii din regiunea transnistreană – Almavis și Tabimport – sunt cele mai mari importatoare de țigări din Moldova. Cele două firme, la fel ca toți agenții economici din stânga Nistrului, sunt scutite de taxa pentru dreptul de import și export și, în plus, de taxa pentru poluare. De fapt, Almavis și Tabimport sunt succesoarele unei largi scheme de contrabandă de țigări, aplicată de holding-ul transnistrean Sheriff în 2012–2014, documentată într-o amplă operațiune la nivel european de către Europol – „Rețeaua de Est a gulerelor albe”. Filierele belarusă și chinezeascăMai exact, Almavis și Tabimport aduc țigări din Belarus, China și Hong Kong (via Slovenia). Almavis a achiziționat mai multe mărci de țigări – NZ, Fast și Portal Silver Power – la prețuri variind între 0,15 și 0,21 cenți per pachet.
Persons: Philip Morris, Tabimport, Almavis, Dodon, Eleonora Rotari, Valentin Rotari, Rotari, Simion Tatarov, El, Sandu Organizations: British American, Investigații, Sheriff, Almavis, Broctrimex, Agenția Locations: transnistreană, Moldova, Republica Moldova, Republicii Moldova, Transnistria, Ucraina, România, Polonia, UE, Belarus, China, Hong Kong, Slovenia, Hong - Kong, belarusă, Silver, Rezina, Chișinău, Transnistriei
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