Why Is Sweetgreen Losing Money?
Salad restaurant chain Sweetgreen (NYSE: SG) only just went public in November, meaning this is a company that investors are still becoming familiar with. With Sweetgreen, management points out that its restaurants are profitable. However, as a whole, the company is losing money. Why?
In this video from Motley Fool Backstage Pass, recorded on Dec. 6, Fool contributor Jon Quast talks with fellow contributors Danny Vena and Jason Hall about why Sweetgreen is losing money. The trio agree that if the company can keep corporate expenses in check while growing its business, those restaurant profits could start showing up at the corporate level as this restaurant stock gains scale.
Source Fool.com
