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Sweetgreen’s Turnaround Play | Business and Finance News
Description
Sweetgreen’s stock is bouncing back after a brutal year, down nearly 40% — but not because of a turnaround, but because of smart pivots. Inflation’s squeeze forced them to rethink pricier menu items, leading to a 3% sales dip, but digital sales and loyalty members are surging. New cheaper wraps are drawing in new customers, kitchens are being optimized for speed and cost, and they’ve offloaded an automation business to focus on core strengths. The stock’s 35% year-to-date rebound hints at recovery, even if it’s still far from its summer peak. Investors are watching closely — is this the start of a comeback, or just a temporary rebound in a tough market?
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