staff growth to decelerate significantly mandates

Become a Restaurant Business member today and unlock exclusive benefits, including unlimited access to all of our content. Second, will the bill Jim has six employees and his aver- real reform. Members help make our journalism possible. O) said on Wednesday it expects revenue growth to decelerate significantly, sending the social media giants shares down 3.5 in extended trading even as. This year, the salad chain’s same-store sales are up 21%, with $87 million in losses. Sweetgreen said its same-store sales fell 26% in 2020, with losses of $142 million. “The COVID-19 pandemic may also adversely affect our ability to implement our growth plans, recruit new team members, and cause delays in construction, permitting or opening of new restaurants, as well as have an adverse impact on our overall ability to successfully execute our plans to enter into new markets,” Sweetgreen warned.īeing forced to check the vaccination status of dine-in customers could also lead to “customer frustration and increased labor costs,” the chain noted. Last year, the chain also temporarily furloughed about 2,000 of its workers for up to 90 days, it said in its filing. The White House has not said when those regulations might be put in place.Ī year ago, Sweetgreen said it laid off 20% of its corporate staff to deal with ongoing fallout from the pandemic as many of its restaurants in dense urban areas continue to try to recover from the slow return of office workers. Biden announced that all companies employing at least 100 workers would need to ensure that all are vaccinated or provide weekly negative COVID tests.

Staff growth to decelerate significantly mandates