Sweetgreen, Inc. (SG) will enter the Arkansas market as part of the US Southern expansion

May 19, Sweetgreen, Inc. (NYSE:SG) announced plans to enter the Arkansas market, an obvious move for its continued expansion in the southern U.S.

Sweetgreen, Inc. (SG) will enter the Arkansas market as part of the US Southern expansion

Samuel Regan-Asante's photo

Sweetgreen, Inc. (NYSE:SG) is known primarily for its fast-casual concept, centered on fresh, healthy meals, offering a wide range of salads, bowls and other nutritional options, and a strong emphasis on seasonal produce and sustainable practices. According to the news, the first location in Arkansas will be launched in Fayetteville later this year, then in another location in Walmart’s new headquarters in Bentonville.

These upcoming vacancies are Sweetgreen, Inc. (NYSE:SG) Part of a broader national growth strategy. The company focuses on other markets in 2025, including Sacramento, Phoenix and Cincinnati. Looking ahead, Sweetgreen aims to increase its business by 15% to 20% each year and plans to open at least 40 new restaurants in 2025, half of which will be powered by its advanced unlimited kitchen technology.

Christopher Tarrant, Chief Development Officer of Sweetgreen, made the following comments:

“Northwest Arkansas is rapidly becoming a hub for innovation and growth, and we are excited to be part of it. Opening Walmart’s forward-looking new home office campus and Fayetteville, the home of the University of Arkansas, is a meaningful milestone for our brand and we look forward to fresh, real food in these communities.”

Sweetgreen, Inc. (NYSE:SG)'s expansion strategy is also reflected in its first-quarter earnings, where it provides guidance for fiscal 25 years of forecast revenues between $740 million and $760 million. Same-store sales are expected to remain relatively unchanged, while restaurant-level profit margins are estimated at about 19.5%. Additionally, the company expects adjusted EBITDA to generate approximately $30 million in revenue, highlighting its continued focus on operational efficiency as it expands.

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