Sweetgreen shares jumped by 35%% on Friday as the company reported better-than-expected revenue results for the first quarter.SweetgreenThe 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.
CEO and co-founder Jonathan Neman said on the earnings call with analysts that the company opened six new restaurants in the first quarter. Neman highlighted the success of the South Lake Union location in Seattle, which"had one of the strongest opening weeks in the company's recent history."
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