Le Lézard
Classified in: Business
Subject: ATY

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Sweetgreen, Inc. - SG


NEW YORK, Nov. 28, 2023 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of  Sweetgreen, Inc. ("Sweetgreen" or the "Bank") (NYSE: SG).   Such investors are advised to contact Robert S. Willoughby at  [email protected] or 888-476-6529, ext. 7980.

The investigation concerns whether Sweetgreen and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action] 

On November 18, 2021, Sweetgreen conducted its initial public offering, selling 13 million shares of the Company's common stock priced at $28.00 per share.  Then, after the market closed on November 2, 2023, Sweetgreen announced its financial results for the third quarter of 2023. Among other things, Sweetgreen reported a revenue figure of $153.4 million, missing consensus estimates by approximately $1.25 million. Although the Company reported that its total revenue represented a 24% increase versus the prior year period, it stated that the increases were partially offset by a $1.1 million negative impact from restaurant closures and remodels that occurred subsequent to September 25, 2022, and an increase in discounts.  

On this news, Sweetgreen's stock price fell $1.34 per share, or 12.10%, to close at $9.73 per share on November 3, 2023.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

Attorney advertising.  Prior results do not guarantee similar outcomes.

CONTACT:
Robert S. Willoughby
Pomerantz LLP
[email protected]
888-476-6529 ext. 7980

SOURCE Pomerantz LLP


These press releases may also interest you

at 21:10
Pomerantz LLP is investigating claims on behalf of investors of  ADTRAN Holdings, Inc. ("Adtran" or the "Company") .   Such investors are advised to contact Robert S. Willoughby at  [email protected] or 888-476-6529, ext. 7980....

at 21:00
MODIFI, a leading global B2B Buy-Now-Pay-Later provider, has earned a spot on the prestigious Financial Times list of Europe's fastest growing companies of 2024. The company offers innovative solutions that allows exporters in emerging markets to...

at 20:53
LONGi, the world's leading Solar technology company, and Ferroglobe PLC, a world leading producer of Silicon Metal and Ferroalloys, are pleased to announce that they have entered into a long-term supply agreement effective January 1, 2024. This...

at 20:50
TSX VENTURE COMPANIES None today. 24/03/04 - TSX Venture Exchange Bulletins TSX VENTURE COMPANIES BULLETIN V2024-0672 ARANJIN RESOURCES LTD. ("ARJN")BULLETIN TYPE:  Property-Asset or Share Purchase AgreementBULLETIN DATE:  March 4, 2024TSX Venture...

at 20:45
Chubb Limited announced today that its subsidiary, Chubb INA Holdings Inc., has priced a public offering of $1 billion of 5.000% senior notes due 2034. The notes are guaranteed by Chubb Limited. ...

at 20:27
Pomerantz LLP announces that a class action lawsuit has been filed against ("Snowflake" or the "Company") . Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, (or 888.4-POMLAW), toll-free, Ext. 7980. Those...



News published on and distributed by: