Sweetgreen's Annual Forecast Misses Wall Street Expectations

Sweetgreen has announced its full-year financial outlook, which did not meet the expectations set by Wall Street analysts. Bloomberg posted on X, highlighting the challenges faced by the fast-casual salad chain as it grapples with decreasing store traffic. The company has been experiencing a downturn in customer visits, impacting its revenue projections for the year. Despite efforts to boost sales and attract more customers, Sweetgreen's forecast reflects ongoing difficulties in the competitive restaurant industry. The chain's performance underscores the broader challenges faced by fast-casual dining establishments in maintaining growth amid shifting consumer preferences.