Sweetgreen (SG) Stock Costs Less Than $11 a Share. Here's Why I'd Still Not Buy It

If you love ordering salads from Sweetgreen (NYSE: SG) and see that its share price is just $10. 10, you might start thinking about investing in it. I'd caution you to think twice, though, for multiple reasons. Here's why I am not planning to invest in it, despite enjoying its Harvest Bowls. My main reason is this: The company is struggling. It did post a 3. 8% increase in revenue in its second quarter, to $197 million, but sales at locations that have been open more than a year dropped by 6. 2%. It posted an operating loss of $27. 4 million, a bit greater than the year-before loss of $26. 4 million. It opened two new restaurants, net, versus nine in the year-ago quarter.