Over the last 15 years, we have been leading a movement to re-imagine fast food for a new era. There is a powerful shift happening in consumer behavior. Every day more people want to eat healthier food and care about the impact their choices have on the environment. This is becoming the new normal, and we believe sweetgreen is well positioned to be a category-defining food brand for the future.
Today, sweetgreen is one of the fastest-growing restaurant companies in the United States by revenue. As of Sept. 26, 2021, we owned and operated 140 restaurants in 13 states and Washington, D.C., and employed over 5,000 team members. We have thoughtfully designed all of our restaurants to both reflect the culture and feel of our local communities and to support our multiple digital channels. For our fiscal year to date through Sept. 26, 2021, 68% of our revenue came through our Total Digital Channels, with 47% of our revenue coming from our Owned Digital Channels (and the remaining 32% of our revenue attributable to Non-Digital transactions made through our In-Store Channel).
We have collaborated with some of the world’s best chefs, athletes and musicians to amplify our mission, including our recent partnership with world champion tennis player and longtime sweetgreen fan, Naomi Osaka. In both 2019 and 2020 we were named as one of Fast Company’s Most Innovative Companies of the Year.
Since opening our first restaurant in 2007 in Washington, D.C., we have served over 100 million healthy meals – and we’re just getting started.
(Note: Sweetgreen upsized its IPO at pricing on Nov. 17, 2021, by pricing the IPO at $28 – $3 above the top of its $23-to-$25 range – and increasing the number of shares to 13 million, up from 12.5 million in the prospectus, to raise $364 million.)
|Address||3101 W. Exposition Blvd. Los Angeles, CA 90018|
|Phone Number||(323) 990-7040|
|View Prospectus:||Sweetgreen, Inc.|
|Revenues||$302.63 mil (last 12 months)|
|Net Income||$-128.06 mil (last 12 months)|
|Price range||$28.00 - $28.00|
|Est. $ Volume||$364.0 mil|
|Manager / Joint Managers||Goldman Sachs/J.P. Morgan/ Allen & Co./ Morgan Stanley/ Citigroup/ Cowen/ Oppenheimer & Co./ William Blair|
|CO-Managers||Amerivet Securities/ Blaylock Van|
|Expected To Trade:||11/18/2021|
|Quiet Period Expiration Date:||Available only to Subscribers|
|Lock-Up Period Expiration Date:||Available only to Subscribers|
|SCOOP Rating||Available only to Subscribers|
|Rating Change||Available only to Subscribers|