Business
Sweetgreen Sales Fall Despite Price Hikes, Turnaround Efforts
Sweetgreen’s SG -9.61%decrease; red down pointing triangle sales continued their fall despite price increases and a transformation plan to try to turn around dwindling traffic.
The salad restaurant chain on Thursday posted a loss of $49.7 million, or 42 cents a share, compared with a loss of $29.0 million, or 25 cents a share, a year earlier. Analysts were expecting a loss of 32 cents a share.
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