Consumer
Sweetgreen Slumps After Higher Costs Drive Bigger Loss
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Sweetgreen Inc. shares tumbled after higher labor and protein costs resulted in a wider-than-expected loss for the third quarter.
The salad-centric restaurant chain lost 18 cents per share in the period, four cents more than analysts had projected. The company cited wage hikes in many of its markets. Sweetgreen hasn’t turned a profit since it went public in 2021.