Sweetgreen falls after Bloomberg data shows Q2 sales drop

Data from Bloomberg Second Measure, which draws from a sample of credit and debit card purchases made by U.S. consumers, shows Sweetgreen’s (SG) sales dropped 6.65% in Q2 versus last year. The Q2 consensus sales estimate of $193.5M represents an increase of 4.8% year-over-year, Bloomberg notes. Sweetgreen shares are down 9%, or $1.32, to $13..37 in late morning trading.