Sweetgreen, Inc. (NYSE:SG) shares are trading higher after the company reported better-than-expected second-quarter FY24 revenue results yesterday. Revenue upped 21% Y/Y to $184.6 million, beating the consensus of $180.78 million, driven mainly by an additional $18.2 million from 36 net new restaurant openings during or after last year’s corresponding quarter. Same-store sales rose 9% Y/Y, driven by a 5% boost from menu price increases implemented after the thirteen weeks ending June 25, 2023, and a 4% increase from higher traffic and a favorable product mix. Average unit volume (AUV), as adjusted, stood at $2.9 million. Total digital revenue accounted for 56% of sales, with owned digital revenue making up 31%, compared to 59% and 37%, respectively, in the previous year. Restaurant-level profit stood at $41.5 million, with ...