Sweetgreen Serves Up Guidance Cut, Wider Q2 Loss; Shares Slump By Investing.com


By Yasin Ebrahim

Investing.com — Sweetgreen plunged in afterhours trading Tuesday after reporting quarterly results that fell short of Wall Street estimates and cutting its guidance.  

Sweetgreen (NYSE:) fell more than 22% in afterhours trading following the report. 

The salad chain a loss of 36 cents a share on revenue of $124.9 million. That compared with estimates for 30 cents a share on revenue of $130.2 million. 

As part of plan to cut costs the company said it would shed about 5% of its workforce. The company also said it would reduce its real estate footprint by “vacating the premises for the existing sweetgreen Support Center and moving to a smaller office space adjacent to our existing location.”

Looking ahead, the company lower its guidance, citing a trend of softness in revenue around Memorial Day.

For 2022, revenue was estimates in a range of $480 million to $500 million, down from a prior estimate of $515 million to $535 million.


Leave a Comment

Leading the way

Let's build a better world together

Project planning
Design expertise
Great qualifications

Nullam vestibulum finibus sapien, id consequat mauris tempus auctor.


90 Newport St., Natick, MA 01760

83 Taylor Street, Kings Mountain, NC 28086

22 Birch Hill St., Villa Rica, GA 30180

Support requests


Nullam scelerisque leo felis, quis congue mauris tristique in. Suspendisse pulvinar, felis eu facilisis mattis, turpis odio luctus nisi, et ultrices velit enim quis lacus.

Request a quote

[Insert your contact form here]


Vivamus vehicula dictum elit at bibendum. Etiam finibus eros ut urna auctor ullamcorper. Sed at erat eget nisl rutrum ultrices sed eu ex.


Sign up to receive the latest news and trends from our company.

More questions? Get in touch