A employee wears a Sweetgreen Inc. hat whereas making ready meals inside the corporate’s restaurant in Boston, Massachusetts.
Adam Glanzman | Bloomberg | Getty Pictures
Salad chain Sweetgreen has confidentially filed for an preliminary public providing.
Based in 2007, Sweetgreen is seen as a more healthy different to quick meals. A deliberate debut had been rumored for years, but it surely comes because the coronavirus pandemic fueled a rise in its digital gross sales. Axios first reported the information.
The chain is a favourite of each busy workplace employees and buyers. The corporate’s final funding spherical earlier this 12 months valued it at almost $1.eight billion. Sweetgreen informed The New York Instances that its 2019 income topped $300 million.
Like its rival Chipotle Mexican Grill, Sweetgreen has leaned into know-how to gas gross sales progress even earlier than the well being disaster made it needed. The salad chain invested in its cellular app and formatted its eating places to make selecting up digital orders as simple as attainable to chop down on the lengthy traces that snaked by its shops throughout lunch hour.
The pandemic has additionally spurred different large adjustments for Sweetgreen, just like the acceleration of its plans to start out constructing areas with drive-thru lanes. The pilot restaurant is slated to open this winter in Highlands Ranch, Colorado. It has additionally been pushing into the suburbs after its first decade targeted on city areas.