Why Sweetgreen Stock Tumbled Today
The fast-casual salad chain continues to struggle.
Overview
Shares of Sweetgreen (NYSE: SG) were taking another post-earnings dive after the fast-casual salad chain missed second-quarter estimates and cut its guidance for the year due to the impact of the cyclospora outbreak, though the company has not been directly affected by it.
As of 9:58 a.m. ET, the stock was down 13.2% on the news.
Image source: Sweetgreen.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.