Sweetgreen Faces Challenges Amid Slowing Consumer Spending

2 months ago

Rachel Pua

"Unfortunately, your favorite restaurant is not doing so well this week. It actually at one point today hit a record low after falling about 17% today. The salad chain cut its fullear outlook for the third time this year and it also missed expectations in its latest results. It had to shelf its ripple fries program and it's also partly due to a slowdown in consumer spending, with consumers trading down to cheaper meals."

Sweetgreen (SG) is experiencing significant pressure, with a 17% drop in a day and a record low price point driven by missed expectations and a cut in its outlook, reflecting broader consumer pullback.

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