Sweetgreen's stock rebounds, with analysts forecasting a 17% CAGR revenue growth from 2023-2026 and tripled adjusted EBITDA.
Sweetgreen's stock has rebounded since its IPO low, trading around $37 after a drop in March 2023. The fast-casual salad chain expects same-store sales growth of 5-7% in 2024, with total revenue rising by 15-16% to $670-$680m. Sweetgreen's improved margins and narrowing losses have driven its comeback, with analysts predicting a 17% CAGR revenue growth from 2023-2026, and adjusted EBITDA tripling. Its enterprise value of $4.1bn places it at 6x this year's sales, similar to Chipotle.
August 24, 2024
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