Sweetgreen Plans to Go Public

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Sweetgreen (Culver City, Calif.) is planning to go public and filed itself under the ticker “SG” on the New York Stock Exchange, CNBC reports.

Sweetgreen had a net loss of $14.2 million with a revenue of $220.6 million for the fiscal year that ended Dec. 27. Despite this, the restaurant/salad chain recently saw same-store sales rise 21 precent since September 26.

Operating 140 restaurants in 13 states as well as Washington, D.C., the company hopes to double its retail footprint within 3-5 years.

VMSD Staff

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