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2021-11-19
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Sweetgreen Shares Nearly Double in Markets Debut<blockquote>Sweetgreen 股价首次上市几乎翻了一番</blockquote>
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Thank you.","highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/876199095","repostId":1132517179,"repostType":4,"repost":{"id":"1132517179","kind":"news","pubTimestamp":1637278980,"share":"https://www.laohu8.com/m/news/1132517179?lang=zh_CN&edition=full","pubTime":"2021-11-19 07:43","market":"us","language":"en","title":"Sweetgreen Shares Nearly Double in Markets Debut<blockquote>Sweetgreen 股价首次上市几乎翻了一番</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1132517179","media":"WSJ","summary":"Sweetgreen Inc. shares jumped 77% in their market debut Thursday, the latest new offering to surge o","content":"<p>Sweetgreen Inc. shares jumped 77% in their market debut Thursday, the latest new offering to surge on its first day of trading.</p><p><blockquote>Sweetgreen Inc. 股价周四上市首日上涨 77%,这是上市首日飙升的最新新股。</blockquote></p><p> Shares of the salad chain closed at $49.50, valuing Sweetgreen—which isn’t profitable—at more than $6 billion on a fully diluted basis. Sweetgreen joins electric-truck makerRivian AutomotiveInc.,sneaker makerAllbirdsInc.and software makerBrazeInc.in producing big gains on their first day of trading this month.</p><p><blockquote>这家沙拉连锁店的股价收于 49.50 美元,在完全稀释的基础上,尚未盈利的 Sweetgreen 的估值超过 60 亿美元。Sweetgreen 与电动卡车制造商 Rivian AutomotiveInc.、运动鞋制造商 Allbirdsinc. 和软件制造商 Brazeinc. 一起,在本月首个交易日就取得了巨大进步。</blockquote></p><p> Sweetgreen co-founder and Chief Executive Jonathan Neman said Thursday that Sweetgreen intends to use much of the new investment to open new U.S. locations. “The major focus is continuing to expand our footprint into as many communities as possible,” he said in an interview.</p><p><blockquote>Sweetgreen 联合创始人兼首席执行官 Jonathan Neman 周四表示,Sweetgreen 打算利用大部分新投资在美国开设新门店。“他在接受采访时说:”我们的主要重点是继续将我们的足迹扩展到尽可能多的社区。</blockquote></p><p> Founded in 2007 by three 22-year-olds, Sweetgreen is a fast-food restaurant brand with 140 restaurants across 13 states and Washington, D.C. The company has built a supply chain around more than 200 domestic food partners, such as bakers and farmers, to source its ingredients.</p><p><blockquote>Sweetgreen由三名22岁的年轻人于2007年创立,是一个快餐品牌,在13个州和华盛顿特区拥有140家餐厅。该公司围绕 200 多家国内食品合作伙伴(如面包师和农民)建立了供应链,以采购其原料。</blockquote></p><p> The company is coming public as the competitive restaurant industry continues to feel the disruptions caused by the Covid-19 pandemic. The pandemic has rattled supply chains, raised labor and product costs, and kept people out of offices, akey source of trafficat Sweetgreen’s urban locations during lunch hours.</p><p><blockquote>该公司上市之际,竞争激烈的餐饮业继续受到 Covid-19 大流行造成的干扰。大流行病扰乱了供应链,提高了劳动力和产品成本,并使人们无法上班,这是 trafficat Sweetgreen 城市分店在午餐时间的主要来源。</blockquote></p><p> Sweetgreen’s profit margins and average sales per restaurant took a hit during the pandemic, the company’s pre-IPO filing showed. The chain reported a restaurant-level profit margin of 12% this year through Sept. 26, down from 16% in 2019.</p><p><blockquote>Sweetgreen 的首次公开募股前文件显示,该公司的利润率和每家餐厅的平均销售额在大流行病期间受到了打击。该连锁店报告称,截至 9 月 26 日,今年餐厅级利润率为 12%,低于 2019 年的 16%。</blockquote></p><p> Mr. Neman said Sweetgreen is adding more stores in suburban areas, which have generally done better during the pandemic as more people worked from home. The company has invested in technology to help with its to-go and online sales.</p><p><blockquote>Neman 先生表示,Sweetgreen 正在郊区增设更多门店,随着越来越多的人在家工作,郊区在疫情期间的表现普遍较好。该公司投资技术来帮助其外卖和在线销售。</blockquote></p><p> “We really used the crisis in a lot of ways to reset,” he said.</p><p><blockquote>“他说:”我们确实在很多方面利用了这场危机进行了重置。</blockquote></p><p> Sweetgreen plans to open at least 30 company-owned restaurants in the U.S. this year, and roughly double its total number of locations over the next three to five years, it said in the filing.</p><p><blockquote>Sweetgreen 在文件中表示,计划今年在美国开设至少 30 家公司所有的餐厅,并在未来三到五年内将其餐厅总数增加一倍左右。</blockquote></p><p> Mr. Neman and co-founder Nathaniel Ru served as co-chief executives from 2009 through December 2017, when Mr. Neman took the helm solely. Mr. Ru serves aschief brand officer, while its third co-founder, Nicolas Jammet, is the company’s chief concept officer.</p><p><blockquote>Neman 先生和联合创始人 Nathaniel Ru 于 2009 年至 2017 年 12 月期间担任联席首席执行官,当时 Neman 先生独自掌舵。Ru 先生担任首席品牌官,而公司的第三位联合创始人 Nicolas Jammet 则担任公司的首席概念官。</blockquote></p><p> Since the beginning of this year through to Sept. 26, Sweetgreen has generated revenue of $243.4 million. In comparison, the company had revenue of $274.2 million in 2019 and $220.6 million in 2020, hurt by pandemic-related disruptions.</p><p><blockquote>从今年年初到9月26日,Sweetgreen已经创造了2.434亿美元的收入。相比之下,受大流行相关中断的影响,该公司 2019 年收入为 2.742 亿美元,2020 年收入为 2.206 亿美元。</blockquote></p><p> So far this year, the company posted a net loss of $87 million. In 2020, the company had a loss of $141.6 million.</p><p><blockquote>今年到目前为止,该公司净亏损8700万美元。2020年,该公司亏损1.416亿美元。</blockquote></p><p> For many restaurants during the pandemic, digital orders have become a key source of revenue and an important way to interact with customers. From the beginning of 2021 through to Sept. 26, Sweetgreen’s total digital revenue was 68% of its total revenue.</p><p><blockquote>对于疫情期间的许多餐厅来说,数字订单已经成为收入的主要来源和与顾客互动的重要途径。从 2021 年初到 9 月 26 日,Sweetgreen 的数字总收入占其总收入的 68%。</blockquote></p><p> Sales through its owned digital channels represented 43% and 56% of revenue in 2019 and 2020, increasing to 50% and 75%, respectively, when including orders placed through third-party delivery apps.</p><p><blockquote>2019年和2020年,通过其自有数字渠道的销售额占收入的43%和56%,当包括通过第三方交付应用程序下的订单时,分别增加到50%和75%。</blockquote></p><p> The stock opened Thursday at $52, above its better-than-expected initial-public-offering price of $28.</p><p><blockquote>该股周四开盘价为 52 美元,高于好于预期的 28 美元首次公开募股价格。</blockquote></p><p> Sweetgreen is expected to get $364 million in proceeds from its IPO. The company plans to spend the money raised on general corporate purposes, which include working capital, operating expenses and capital expenditures, as well as developing the technology acquired in its recent acquisition of robotic-powered fast-food restaurant, Spyce Food Co.</p><p><blockquote>Sweetgreen 预计将从 IPO 中获得 3.64 亿美元的收益。该公司计划将筹集的资金用于一般企业用途,包括营运资金、运营费用和资本支出,以及开发最近收购机器人快餐店 Spyce Food Co. 时获得的技术。</blockquote></p><p> It said it might also use a portion to buy other complementary businesses or technologies, adding that it doesn’t currently have any targets.</p><p><blockquote>该公司表示,还可能用一部分资金收购其他互补业务或技术,并补充说目前没有任何目标。</blockquote></p><p> In mid-September of 2019, Sweetgreen got an injection of $150 million from investors, valuing it at the time of that funding round at $1.6 billion.</p><p><blockquote>2019 年 9 月中旬,Sweetgreen 获得了投资者 1.5 亿美元的注资,该轮融资时的估值为 16 亿美元。</blockquote></p><p> The top three stockholders of the company are entities affiliated with Fidelity Investments Inc.,T. Rowe Priceand Revolution Growth, respectively holding 13.4%, 10.6% and 7.8% before the IPO.</p><p><blockquote>该公司的前三名股东是富达投资公司的附属实体。Rowe Price和Revolution Growth在IPO前分别持有13.4%、10.6%和7.8%的股份。</blockquote></p><p> Mr. Neman has a 2.6% stake but has 22.8% of the shareholders’ total voting power. Those percentages are set to drop to 2.3% and roughly 21.5% following the offering.</p><p><blockquote>内曼先生持有 2.6% 的股份,但拥有股东总投票权的 22.8%。发行后,这些百分比将降至 2.3%,约为 21.5%。</blockquote></p><p> Its directors include Neil Blumenthal, co-CEO of eyeglass maker Warby ParkerInc.,which also recently went public; America Online co-founder Stephen Case, who is also chief executive of investment firm Revolution; and Valerie Jarrett, a former senior adviser to President Barack Obama.</p><p><blockquote>其董事包括眼镜制造商 Warby ParkerInc. 的联合首席执行官尼尔·布卢门撒尔 (Neil Blumenthal),该公司最近也上市了;美国在线联合创始人斯蒂芬·凯斯,也是投资公司Revolution的首席执行官;以及巴拉克·奥巴马总统的前高级顾问瓦莱丽·贾勒特。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sweetgreen Shares Nearly Double in Markets Debut<blockquote>Sweetgreen 股价首次上市几乎翻了一番</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSweetgreen Shares Nearly Double in Markets Debut<blockquote>Sweetgreen 股价首次上市几乎翻了一番</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">WSJ</strong><span class=\"h-time small\">2021-11-19 07:43</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Sweetgreen Inc. shares jumped 77% in their market debut Thursday, the latest new offering to surge on its first day of trading.</p><p><blockquote>Sweetgreen Inc. 股价周四上市首日上涨 77%,这是上市首日飙升的最新新股。</blockquote></p><p> Shares of the salad chain closed at $49.50, valuing Sweetgreen—which isn’t profitable—at more than $6 billion on a fully diluted basis. Sweetgreen joins electric-truck makerRivian AutomotiveInc.,sneaker makerAllbirdsInc.and software makerBrazeInc.in producing big gains on their first day of trading this month.</p><p><blockquote>这家沙拉连锁店的股价收于 49.50 美元,在完全稀释的基础上,尚未盈利的 Sweetgreen 的估值超过 60 亿美元。Sweetgreen 与电动卡车制造商 Rivian AutomotiveInc.、运动鞋制造商 Allbirdsinc. 和软件制造商 Brazeinc. 一起,在本月首个交易日就取得了巨大进步。</blockquote></p><p> Sweetgreen co-founder and Chief Executive Jonathan Neman said Thursday that Sweetgreen intends to use much of the new investment to open new U.S. locations. “The major focus is continuing to expand our footprint into as many communities as possible,” he said in an interview.</p><p><blockquote>Sweetgreen 联合创始人兼首席执行官 Jonathan Neman 周四表示,Sweetgreen 打算利用大部分新投资在美国开设新门店。“他在接受采访时说:”我们的主要重点是继续将我们的足迹扩展到尽可能多的社区。</blockquote></p><p> Founded in 2007 by three 22-year-olds, Sweetgreen is a fast-food restaurant brand with 140 restaurants across 13 states and Washington, D.C. The company has built a supply chain around more than 200 domestic food partners, such as bakers and farmers, to source its ingredients.</p><p><blockquote>Sweetgreen由三名22岁的年轻人于2007年创立,是一个快餐品牌,在13个州和华盛顿特区拥有140家餐厅。该公司围绕 200 多家国内食品合作伙伴(如面包师和农民)建立了供应链,以采购其原料。</blockquote></p><p> The company is coming public as the competitive restaurant industry continues to feel the disruptions caused by the Covid-19 pandemic. The pandemic has rattled supply chains, raised labor and product costs, and kept people out of offices, akey source of trafficat Sweetgreen’s urban locations during lunch hours.</p><p><blockquote>该公司上市之际,竞争激烈的餐饮业继续受到 Covid-19 大流行造成的干扰。大流行病扰乱了供应链,提高了劳动力和产品成本,并使人们无法上班,这是 trafficat Sweetgreen 城市分店在午餐时间的主要来源。</blockquote></p><p> Sweetgreen’s profit margins and average sales per restaurant took a hit during the pandemic, the company’s pre-IPO filing showed. The chain reported a restaurant-level profit margin of 12% this year through Sept. 26, down from 16% in 2019.</p><p><blockquote>Sweetgreen 的首次公开募股前文件显示,该公司的利润率和每家餐厅的平均销售额在大流行病期间受到了打击。该连锁店报告称,截至 9 月 26 日,今年餐厅级利润率为 12%,低于 2019 年的 16%。</blockquote></p><p> Mr. Neman said Sweetgreen is adding more stores in suburban areas, which have generally done better during the pandemic as more people worked from home. The company has invested in technology to help with its to-go and online sales.</p><p><blockquote>Neman 先生表示,Sweetgreen 正在郊区增设更多门店,随着越来越多的人在家工作,郊区在疫情期间的表现普遍较好。该公司投资技术来帮助其外卖和在线销售。</blockquote></p><p> “We really used the crisis in a lot of ways to reset,” he said.</p><p><blockquote>“他说:”我们确实在很多方面利用了这场危机进行了重置。</blockquote></p><p> Sweetgreen plans to open at least 30 company-owned restaurants in the U.S. this year, and roughly double its total number of locations over the next three to five years, it said in the filing.</p><p><blockquote>Sweetgreen 在文件中表示,计划今年在美国开设至少 30 家公司所有的餐厅,并在未来三到五年内将其餐厅总数增加一倍左右。</blockquote></p><p> Mr. Neman and co-founder Nathaniel Ru served as co-chief executives from 2009 through December 2017, when Mr. Neman took the helm solely. Mr. Ru serves aschief brand officer, while its third co-founder, Nicolas Jammet, is the company’s chief concept officer.</p><p><blockquote>Neman 先生和联合创始人 Nathaniel Ru 于 2009 年至 2017 年 12 月期间担任联席首席执行官,当时 Neman 先生独自掌舵。Ru 先生担任首席品牌官,而公司的第三位联合创始人 Nicolas Jammet 则担任公司的首席概念官。</blockquote></p><p> Since the beginning of this year through to Sept. 26, Sweetgreen has generated revenue of $243.4 million. In comparison, the company had revenue of $274.2 million in 2019 and $220.6 million in 2020, hurt by pandemic-related disruptions.</p><p><blockquote>从今年年初到9月26日,Sweetgreen已经创造了2.434亿美元的收入。相比之下,受大流行相关中断的影响,该公司 2019 年收入为 2.742 亿美元,2020 年收入为 2.206 亿美元。</blockquote></p><p> So far this year, the company posted a net loss of $87 million. In 2020, the company had a loss of $141.6 million.</p><p><blockquote>今年到目前为止,该公司净亏损8700万美元。2020年,该公司亏损1.416亿美元。</blockquote></p><p> For many restaurants during the pandemic, digital orders have become a key source of revenue and an important way to interact with customers. From the beginning of 2021 through to Sept. 26, Sweetgreen’s total digital revenue was 68% of its total revenue.</p><p><blockquote>对于疫情期间的许多餐厅来说,数字订单已经成为收入的主要来源和与顾客互动的重要途径。从 2021 年初到 9 月 26 日,Sweetgreen 的数字总收入占其总收入的 68%。</blockquote></p><p> Sales through its owned digital channels represented 43% and 56% of revenue in 2019 and 2020, increasing to 50% and 75%, respectively, when including orders placed through third-party delivery apps.</p><p><blockquote>2019年和2020年,通过其自有数字渠道的销售额占收入的43%和56%,当包括通过第三方交付应用程序下的订单时,分别增加到50%和75%。</blockquote></p><p> The stock opened Thursday at $52, above its better-than-expected initial-public-offering price of $28.</p><p><blockquote>该股周四开盘价为 52 美元,高于好于预期的 28 美元首次公开募股价格。</blockquote></p><p> Sweetgreen is expected to get $364 million in proceeds from its IPO. The company plans to spend the money raised on general corporate purposes, which include working capital, operating expenses and capital expenditures, as well as developing the technology acquired in its recent acquisition of robotic-powered fast-food restaurant, Spyce Food Co.</p><p><blockquote>Sweetgreen 预计将从 IPO 中获得 3.64 亿美元的收益。该公司计划将筹集的资金用于一般企业用途,包括营运资金、运营费用和资本支出,以及开发最近收购机器人快餐店 Spyce Food Co. 时获得的技术。</blockquote></p><p> It said it might also use a portion to buy other complementary businesses or technologies, adding that it doesn’t currently have any targets.</p><p><blockquote>该公司表示,还可能用一部分资金收购其他互补业务或技术,并补充说目前没有任何目标。</blockquote></p><p> In mid-September of 2019, Sweetgreen got an injection of $150 million from investors, valuing it at the time of that funding round at $1.6 billion.</p><p><blockquote>2019 年 9 月中旬,Sweetgreen 获得了投资者 1.5 亿美元的注资,该轮融资时的估值为 16 亿美元。</blockquote></p><p> The top three stockholders of the company are entities affiliated with Fidelity Investments Inc.,T. Rowe Priceand Revolution Growth, respectively holding 13.4%, 10.6% and 7.8% before the IPO.</p><p><blockquote>该公司的前三名股东是富达投资公司的附属实体。Rowe Price和Revolution Growth在IPO前分别持有13.4%、10.6%和7.8%的股份。</blockquote></p><p> Mr. Neman has a 2.6% stake but has 22.8% of the shareholders’ total voting power. Those percentages are set to drop to 2.3% and roughly 21.5% following the offering.</p><p><blockquote>内曼先生持有 2.6% 的股份,但拥有股东总投票权的 22.8%。发行后,这些百分比将降至 2.3%,约为 21.5%。</blockquote></p><p> Its directors include Neil Blumenthal, co-CEO of eyeglass maker Warby ParkerInc.,which also recently went public; America Online co-founder Stephen Case, who is also chief executive of investment firm Revolution; and Valerie Jarrett, a former senior adviser to President Barack Obama.</p><p><blockquote>其董事包括眼镜制造商 Warby ParkerInc. 的联合首席执行官尼尔·布卢门撒尔 (Neil Blumenthal),该公司最近也上市了;美国在线联合创始人斯蒂芬·凯斯,也是投资公司Revolution的首席执行官;以及巴拉克·奥巴马总统的前高级顾问瓦莱丽·贾勒特。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://www.wsj.com/articles/sweetgreen-to-make-market-debut-after-upsized-ipo-11637245537\">WSJ</a></p>\n<p>为提升您的阅读体验,我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SG":"Sweetgreen, Inc."},"source_url":"https://www.wsj.com/articles/sweetgreen-to-make-market-debut-after-upsized-ipo-11637245537","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1132517179","content_text":"Sweetgreen Inc. shares jumped 77% in their market debut Thursday, the latest new offering to surge on its first day of trading.\nShares of the salad chain closed at $49.50, valuing Sweetgreen—which isn’t profitable—at more than $6 billion on a fully diluted basis. Sweetgreen joins electric-truck makerRivian AutomotiveInc.,sneaker makerAllbirdsInc.and software makerBrazeInc.in producing big gains on their first day of trading this month.\nSweetgreen co-founder and Chief Executive Jonathan Neman said Thursday that Sweetgreen intends to use much of the new investment to open new U.S. locations. “The major focus is continuing to expand our footprint into as many communities as possible,” he said in an interview.\nFounded in 2007 by three 22-year-olds, Sweetgreen is a fast-food restaurant brand with 140 restaurants across 13 states and Washington, D.C. The company has built a supply chain around more than 200 domestic food partners, such as bakers and farmers, to source its ingredients.\nThe company is coming public as the competitive restaurant industry continues to feel the disruptions caused by the Covid-19 pandemic. The pandemic has rattled supply chains, raised labor and product costs, and kept people out of offices, akey source of trafficat Sweetgreen’s urban locations during lunch hours.\nSweetgreen’s profit margins and average sales per restaurant took a hit during the pandemic, the company’s pre-IPO filing showed. The chain reported a restaurant-level profit margin of 12% this year through Sept. 26, down from 16% in 2019.\nMr. Neman said Sweetgreen is adding more stores in suburban areas, which have generally done better during the pandemic as more people worked from home. The company has invested in technology to help with its to-go and online sales.\n“We really used the crisis in a lot of ways to reset,” he said.\nSweetgreen plans to open at least 30 company-owned restaurants in the U.S. this year, and roughly double its total number of locations over the next three to five years, it said in the filing.\nMr. Neman and co-founder Nathaniel Ru served as co-chief executives from 2009 through December 2017, when Mr. Neman took the helm solely. Mr. Ru serves aschief brand officer, while its third co-founder, Nicolas Jammet, is the company’s chief concept officer.\nSince the beginning of this year through to Sept. 26, Sweetgreen has generated revenue of $243.4 million. In comparison, the company had revenue of $274.2 million in 2019 and $220.6 million in 2020, hurt by pandemic-related disruptions.\nSo far this year, the company posted a net loss of $87 million. In 2020, the company had a loss of $141.6 million.\nFor many restaurants during the pandemic, digital orders have become a key source of revenue and an important way to interact with customers. From the beginning of 2021 through to Sept. 26, Sweetgreen’s total digital revenue was 68% of its total revenue.\nSales through its owned digital channels represented 43% and 56% of revenue in 2019 and 2020, increasing to 50% and 75%, respectively, when including orders placed through third-party delivery apps.\nThe stock opened Thursday at $52, above its better-than-expected initial-public-offering price of $28.\nSweetgreen is expected to get $364 million in proceeds from its IPO. The company plans to spend the money raised on general corporate purposes, which include working capital, operating expenses and capital expenditures, as well as developing the technology acquired in its recent acquisition of robotic-powered fast-food restaurant, Spyce Food Co.\nIt said it might also use a portion to buy other complementary businesses or technologies, adding that it doesn’t currently have any targets.\nIn mid-September of 2019, Sweetgreen got an injection of $150 million from investors, valuing it at the time of that funding round at $1.6 billion.\nThe top three stockholders of the company are entities affiliated with Fidelity Investments Inc.,T. Rowe Priceand Revolution Growth, respectively holding 13.4%, 10.6% and 7.8% before the IPO.\nMr. Neman has a 2.6% stake but has 22.8% of the shareholders’ total voting power. Those percentages are set to drop to 2.3% and roughly 21.5% following the offering.\nIts directors include Neil Blumenthal, co-CEO of eyeglass maker Warby ParkerInc.,which also recently went public; America Online co-founder Stephen Case, who is also chief executive of investment firm Revolution; and Valerie Jarrett, a former senior adviser to President Barack Obama.","news_type":1,"symbols_score_info":{"SG":0.9}},"isVote":1,"tweetType":1,"viewCount":1475,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":30,"subscribersOnly":false,"subscribersOnlyAccessible":false,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/876199095"}
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