Salad chain Sweetgreen shares slide as cyclosporiasis fears prompt forecast cut

Sweetgreen shares fell 15% in premarket after the company cut its annual same-store-sales projections, citing consumer wariness around fresh produce. The downgrade follows a broad U.S. outbreak of cyclosporiasis, raising demand and confidence headwinds for the salad chain.

Analysis

Sweetgreen shares fell 15% in premarket after the company cut its annual same-store-sales projections, citing consumer wariness around fresh produce. The downgrade follows a broad U.S. outbreak of cyclosporiasis, raising demand and confidence headwinds for the salad chain.