Sweetgreen Turnaround Catalyst

2 months ago

Tom Keane

"Finally, um, Sweet Green, ticker SG, up 9%. Okay, remember when we were talking, >> Remember though, we were talking about their shares took a hit, right? They said consumers were pulling back. They didn't want to spend as much on their pricey salads. They're moving to affordable options. But city analysts say that things are going to turn around when the government shutdown ends. So, they say when that ends, people are going to spend more on the pricey salads. >> What's a salad cost at Sweet Green? >> Almost $20. like 17 $20 for a bunch of what you put on it. Yeah, you can keep adding to it and that adds the price and that kind of thing."

The segment on Sweetgreen highlights recent price pressure with shares up 9% despite prior consumer pullback, noting that analysts expect a turnaround in performance once the government shutdown ends, potentially reviving consumer spending on its premium salads.

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