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.
