Dive Brief: Dive Insight: This cash infusion could help Sweetgreen recover from significant consumer pullback, which sparked sharp contractions in same-store sales in Q2 and Q3, according to its earnings releases. Losses also reached $36 million, or a negative 21% margins, in Q3 — significantly worse than the year-ago period. To cope with these headwinds, Sweetgreen …
Continue reading “Sweetgreen sells Spyce to Wonder for $186M”
Sweetgreen, the healthy fast-casual brand that’s widely considered an early adopter of tech in the restaurant space, is also thinking big with its purchase of Galley Foods, a Washington, D.C.-based meal-delivery service that uses organic ingredients in its ready-to-eat meals. This deal marks a new tactic as the entire restaurant industry reacts to a relentless …
Continue reading “Sweetgreen Buys Galley Foods Meal Delivery Service”
Salad startup Sweetgreen is expanding on a pilot program with WeWork that provides free delivery to WeWork members. Though, it’s more accurate to describe it as an order-ahead service that lets you pick up your food from your WeWork of choice. Geared toward WeWork employees and members, Sweetgreen at WeWork outposts are going live in seven cities in the …
Continue reading “Sweetgreen is opening up order-ahead locations inside WeWork”
