honeygrow Poised for Exponential Growth in 2024

Regional Fast-casual Concept Continues to Demonstrate Strong Sales, Menu Innovation & Leadership Development

PHILADELPHIA, Jan. 24, 2024 /PRNewswire/ — honeygrow, the popular Philadelphia-based fast-casual known for wholesome stir-frys, salads, and honeybars, reported 2023 as its most successful year in its decade-plus existence. The brand cites 30% revenue growth year-over-year from 2022 and an impressive 22% store-level EBITDA for 2023. The company grew by 30%, opened nine new restaurants and expanded to 40 locations across its seven-state footprint. There are over a dozen planned openings in the burgeoning brand’s pipeline for 2024. Despite costs associated with this rapid growth, honeygrow reported its most profitable year since inception and its third profitable year on a net income basis.