Sweetgreen Earnings News: SG stock spikes 34% on 26% revenue gain

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Sweetgreen (SG) stock stole the show on Friday. In a week that saw poor earnings announcements from many other growth stocks, Sweetgreen’s success contrasted sharply coming off the past year’s downtrend.

Sweetgreen stock sailed up to a 13-month high on Friday. Salad chain is expanding its automated kitchen concept. Margins rose quickly in Q1, and management thinks this will continue all year. Revenue bested Wall Street's consensus by nearly $6 million. Sweetgreen stock stole the show on Friday. In a week that saw poor earnings announcements from many other growth stocks, Sweetgreen’s success contrasted sharply coming off the past year’s downtrend.

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