Skip to content

Sweetgreen Drops After a Slow Return to the Office Curbs Demand for Its Desk Salads

  • Inflation, slower return-to-office are crimping demand
  • Analysts cut price targets after disappointing earnings
Workers prepare vegetables inside a Sweetgreen Inc. restaurant in Boston.

Workers prepare vegetables inside a Sweetgreen Inc. restaurant in Boston.

Photographer: Adam Glanzman/Bloomberg
Updated on

Salad chain Sweetgreen Inc. declined after trimming its revenue forecast for the year, making it the latest consumer company to warn about weakening demand. 

The Los Angeles-based company, which went public late last year, now sees revenue in a range of $480 million to $500 million in its current fiscal year -- a reduction of $35 million from the previous outlook.