Sweetgreen Sinks on Fewer Diners Splurging for Pricey Salads

Sweetgreen Inc. slashed its sales guidance after a second straight quarter of disappointing results, highlighting the salad chain’s struggles to sell $15 salads to budget-strained diners.

The company now anticipates that sales at restaurants open for at least a year will drop between 4% and 6% this year, a big step down from prior expectations that the measure would be flat.