Why Sweetgreen Stock Was Wilting Today
Shares of Sweetgreen (SG -11.95%) took a dive today, as it was one of several restaurant stocks to react negatively to President Trump's "Liberation Day" tariff announcement last night.On a day when the S&P 500 (^GSPC -4.84%) fell 4.8%, Sweetgreen finished down 12%. What's Sweetgreen's tariff exposure?Though Sweetgreen sources most of its ingredients domestically, it does import some food products from outside the U.S., including Mexico, and counts on components from China for its Infinite Kitchen systems. ...