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Benzinga
Benzinga
Business
Henry Khederian

UNBELIEVABLE: Sweetgreen stock plummets on disappointing q2 and slashed forecast - Caught on Camera

Sweetgreen SG
Sweetgreen Chicago,,Illinois,-,April,18,,2021:,Sweetgreen,Storefront,And,Logo

Shares of Sweetgreen Inc (NYSE:SG) are trading sharply lower Friday morning after the company reported weaker-than-expected second-quarter results and cut its full-year revenue forecast, prompting multiple Wall Street analysts to lower their price targets.

What To Know: For the second quarter, Sweetgreen announced revenue of $185.6 million, missing consensus estimates of $194.34 million. The company also reported a net loss of 20 cents per share, wider than the 11-cent loss analysts had anticipated.

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