Sweetgreen CEO on Delivery Rollout and Going Public

Credit: The Street
Published 2 weeks ago - Duration: 02:18s

Sweetgreen CEO on Delivery Rollout and Going Public

Are you a Sweetgreen fan?

Wall Street seems to be.

The Wall Street location constantly has a line out of the door.

Sweetgreen's CEO and co-founder Jonathan Neman joined TheStreet to talk about the company's delivery rollout plan and when he could see the company heading on the path to going public.

Sweetgreen is launching Outpost at the New York Stock Exchange.

Outpost allows users to order Sweetgreen to the nearest Outpost--which could be in office buildings, schools, etc.--and have it delivered without charge.

"It's a direct-to-consumer version of what some delivery services are offering," said Nemen.

"So instead of going through a marketplace, we're deciding to go direct to our consumers because we can, that way we can instead of charging the fees that they will then charge on top, we can offer it for free." When asked whether or not Sweetgreen would consider being exclusively available on one app instead of being available on UberEats , Postmates, and Grubhub , Neman responded, "Yeah, there will be.

I think over time there, there may be times where we go with just one and even a day where we are just only available on our own platform." Now, what about going public?

"It's something that we're considering, but nothing in the near future," he responded.

Neman noted that right now, Sweetgreen is "still innovating a lot in terms of the business model, things like Outpost, where we're making big investments that we'd rather do while we're a private company." Bull Market Fantasy: LIVE TUESDAY & THURSDAY @10:45AM Subscribe to our Youtube Channel for more videos : Listen our latest Podcasts on Soundcloud Catch Up: Today's Top News Videos Below


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