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Motley Fool Hidden Gems Investing

Sweetgreen Cofounder on Infinite Kitchens and Food Innovation

Motley Fool Hidden Gems Investing

The Motley Fool

Investing, Business

4.33.1K Ratings

🗓️ 3 November 2024

⏱️ 29 minutes

🧾️ Download transcript

Summary

Some companies drop new products. sweetgreen drops new vegetables.  Nicolas Jammet is the Cofounder and Chief Concept Officer of sweetgreen, a health-minded fast casual chain with more than 200 locations. Jammet joined Mary Long for a conversation about:  - The future of automation and eating. - Creating an “Apple-like” retail experience at a restaurant. - sweetgreen’s balance between value and growing to become profitable. Companies discussed: SG Host: Mary Long Guest: Nicolas Jammet Producer: Ricky Mulvey Engineers: Tim Sparks, Heather Horton Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

And we're like, oh, this guy is creating vegetables from scratch around optimized flavor.

0:07.0

Let's invent a vegetable together and treat it like it's the greatest new consumer product in the world and drop it with the same marketing campaign.

0:13.0

I'm Ricky Mulvey and that's Nicholas Jameh, the co-founder and chief concept officer of Sweet Green,

0:22.2

a fast casual restaurant chain focused on healthy eating.

0:25.5

Jemay caught up with my colleague Mary Long for a conversation about how the company transformed

0:30.0

from shop selling salads and frozen yogurt to a high-tech chain with automated kitchens

0:35.5

and newly invented vegetables.

0:42.3

They also discussed the innovations across the ag tech space, catching Jemay's attention and Sweet Green's journey to profitability.

0:49.3

When you started Sweet Green in 2007, originally weren't you, the menu looked a little different.

0:53.3

Weren't you originally selling like Froyo and wraps? Why and when did you pivot to salads?

0:58.0

Well, the core of the concept was always salads and bowls and we also had Froyo, soft serve.

1:03.0

So we, you know, actually the name Sweet Green comes from Froyo and salad, sweet green.

1:09.0

And so we don't talk about that as much. But, you know,

1:11.6

the core of the concept was always, let's create a place where you can have this breadth of menu

1:15.7

that you could customize exactly what you're looking for, you know, in a bowl. So really, whether

1:20.7

it's the fresh vegetables, the greens, the, you know, proteins, cheeses, crunch, different

1:26.6

flavors throughout the dressings, how can you really

1:28.3

create an assortment and an offering where customers can come in and create exactly what

1:32.8

they're looking for and have it be really craveable and tell a story around quality of the

1:37.4

ingredients. And so from day one, it was always around really high quality ingredients that were

1:42.0

super fresh and that made you feel really good, but also

1:45.2

was wrapped in an experience that also made you want to engage with the brand.

...

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