Breakfast News: Intuit's Guidance Gets Taxed
Intuit slumps despite revenue growth, Cava rebounds after food safety scares, and more
Intuit slumps despite revenue growth, Cava rebounds after food safety scares, and more
HONG KONG, Aug 19, 2026 - (ACN Newswire) - Everest Medicines (01952.HK) announced its interim results for the six months ended June 30, 2026. Everest delivered
MCLEAN, Va.--(BUSINESS WIRE)--Sweetgreen, the mission-driven restaurant brand serving healthy food at scale, today announced the opening of its fourth newest sweetlane location in McLean, Virginia, on August 20th, bringing the brand's innovative order-ahead drive-up format to Northern Virginia. Located at Chesterbrook Shopping Center (6220 Old Dominion Drive, McLean, VA 22101), the new restaurant introduces a faster, more seamless way for guests to enjoy Sweetgreen's chef-crafted salads, warm b.
A cyclospora outbreak and salmonella flare up are putting food safety and restaurants to the test in the US. It also caused consumers to cut back on eating out and food brands to take a closer look at their supply chains. Bloomberg's Romaine Bostick reports.
Sweetgreen Inc. CEO Jonathan Neman says the cyclospora outbreak had an impact on the business but the US FDA now says it's safe to eat iceberg lettuce again. He says Sweetgreen's supply chain isn't affected by the cyclospora outbreak and its restaurants don't serve that kind of lettuce.
LOS ANGELES--(BUSINESS WIRE)--Sweetgreen today announced the Sweetgreen x Fishwife Summer Niçoise, a limited-edition salad developed with pioneering tinned seafood brand, Fishwife. Available nationwide for two weeks only, from August 11 through August 24, the Niçoise-inspired dish arrives with a custom co-branded tin of Fishwife Albacore Tuna with Spanish Lemon for guests to open and add themselves. The launch marks the first time Fishwife will be featured on the menu at a national restaurant a.
Three weeks after a Cabinet secretary declared a parasite outbreak under control, a national salad chain collapsed into bankruptcy and a healthy food brand that never even stocked the recalled lettuce watched its stock crater 35 percent.
Sweetgreen NYSE: SG reported second-quarter 2026 revenue of $192.7 million, up approximately 4% from a year earlier, while comparable restaurant sales declined 6.2%. The company said transaction trends improved sequentially during the quarter, reaching roughly flat comparable transactions in June, but momentum was disrupted in mid-July by consumer concerns surrounding a Cyclospora outbreak attributed to iceberg lettuce.
Traffic to salad chains has fallen as consumers avoid greens due to the ongoing cyclospora outbreaks across the U.S. Dollars sales of prepackaged salads has also plummeted, according to data from NielsenIQ.
Sweetgreen missed estimates in its second-quarter earnings report. The company cut its guidance due to the cyclospora outbreak.
While the top- and bottom-line numbers for Sweetgreen (SG) give a sense of how the business performed in the quarter ended June 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
As the cyclosporiasis outbreak continues to rage across the United States, salad chains like Sweetgreen are preparing for a significant decline in sales.
For the second quarter ending June 28, Sweetgreen's same-store sales fell 6.2% – its sixth straight decline.
The cyclospora outbreak in the US tied to lettuce used in restaurants has made more than 10,000 people sick according to the Centers for Disease Control. This has caused fewer people to go out to eat or get fast food.
The fast-casual salad chain continues to struggle.
Sweetgreen, Inc. (SG) Q2 2026 Earnings Call Transcript
Sweetgreen Inc. (NYSE:SG) shares are trading sharply lower Friday morning after the fast-casual chain delivered weaker-than-expected second-quarter financial results and faced an analyst downgrade.
Shares of Sweetgreen slumped 15% in premarket trading on Friday, a day after the salad chain slashed its annual same-store-sales projections as consumers grew wary of fresh produce amid a wide outbreak of cyclosporiasis in the U.S.
Sweetgreen, Inc. (SG) came out with a quarterly loss of $0.22 per share versus the Zacks Consensus Estimate of a loss of $0.13. This compares to a loss of $0.2 per share a year ago.
As overlapping food-safety concerns continue to sweep up restaurant chains this summer, Sweetgreen on Thursday became the latest to put numbers on the impact.