Reported 1 day ago
Jim Cramer discussed Sweetgreen, Inc. (SG) on his show, highlighting that the fast casual restaurant chain is struggling with a 7.5% drop in same-store sales and a 20-cent loss per share. Cramer noted its high price points and compared its situation to other chains like CAVA, indicating that revitalizing operations, including an automated kitchen expansion, is crucial for future success. Despite Cramer's acknowledgment of SG's potential, he emphasized that overcoming current challenges will be significantly difficult.
Source: YAHOO