Geographic And Demographic ExposureKey risks include geographic portability, a high concentration of locations in the New York metro area, and greater-than-average exposure.
Market And Consumer ChallengesFast casual dining is facing challenges such as a pressured consumer, weak urban job markets, and increased competition.
Sales And Earnings PerformanceSweetgreen’s third quarter missed expectations with adjusted EBITDA reverting into losses, as comps worsened sequentially on a one- and two-year basis for the third straight quarter.