Sweetgreen Inc (NYSE:SG) shares are tanking in Thursday’s after-hours session after the company turned in worse-than-expected financial results and cut its full-year guidance.
- Q2 Revenue: $185.58 million, versus estimates of $194.34 million
- Q2 Loss: 20 cents versus estimates of 11 cents
Check SG stock’s price action here.
Total revenue was up 0.5% on a year-over-year basis, but same-store sales declined 7.6% year-over-year. The company said it opened nine new restaurants during …