Sweetgreen reported a narrowed third-quarter loss of $30.7 million as the salad chain rebounded from a Cyclospora outbreak. The foodborne illness incident had triggered widespread consumer panic against leafy greens earlier in the year. The company's same-store sales decline was milder compared to previous quarters, indicating a recovery in consumer confidence.
The chain has been focusing on food safety measures and menu innovation to regain momentum. Despite the ongoing challenges in the casual dining sector, Sweetgreen's digital sales and loyalty program continued to show strength. The company remains optimistic about its full-year outlook as it navigates the aftermath of the health scare.
Source: Wall Street Journal US Business · Summarized by HeadlinesBriefing