SweetgreenOn Thursday, the company reported that it suffered widening losses and experienced strong sales growth in its fourth quarter. This was its first quarterly report since going public.

The company’s shares rose by 17% during extended trading. Stock has been in decline since it went public, losing more than 50%, and its market capitalization falling to $2.2billion. The shares closed down about 11% on Thursday

According to the salad chain, the fourth quarter net loss was $66.2 million or $1.14 per shares. This compares with an earlier loss of $41.1million or $2.49/share a year ago.

Net sales According to Refinitiv’s survey, analysts expected that the figure would rise 63% to $96.4 Million. This is higher than $84.7 million.

This is the latest news. Keep checking back for more updates.