Jim Cramer on Sweetgreen: "Not a Good Performer"

Sweetgreen, Inc. (NYSE:SG) is one of the stocks Jim Cramer discussed recently. Cramer highlighted the issue that is causing companies like Sweetgreen to miss expectations. He commented:

“Over the past few weeks, it looks like the experiential economy ain’t what it used to be… In the last couple of weeks, we’ve gotten some disappointing earnings from companies that have been big winners in this space.

For starters, last week, we got this not so hot numbers from three different fast casual chains, Chipotle, Cava, which have been doing very well, and Sweetgreen, not a good performer. All three missed expectations. All three stocks got hammered last week… All three cited the same issue: younger customers are cutting back on meals away from home and visiting the restaurants less frequently. Dreadful.”

Sweetgreen, Inc. (NYSE:SG) operates fast-casual restaurants that provide healthy food and beverages. The company provides online and mobile ordering.

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Disclosure: None. This article is originally published at Insider Monkey.