Sweetgreen cuts full-year outlook as cyclospora fears weigh on sales

Sweetgreen announced a reduction to its full-year financial guidance on Thursday, citing diminished consumer demand for fresh prepared foods following a multistate cyclospora outbreak that began in mid-July. The salad chain projected same-store sales declines of 7% to 8% for the year, a significant downward revision from its prior forecast of 2% to 4% declines. The company also adjusted its profitability expectations downward, now anticipating an adjusted loss before interest, taxes, depreciati