Shares of Sweetgreen rallied on Friday after health officials identified Taco Bell as the source of a cyclospora outbreak that had previously weighed on the stock. The Centers for Disease Control and Prevention warned against eating shredded iceberg lettuce from Taco Bell restaurants in five states, following a Food and Drug Administration investigation that traced the outbreak to one of Taco Bell's suppliers. Sweetgreen's stock had lost about a quarter of its value amid fears its salads could be linked to the parasite, which has sickened thousands. The company still faces challenges, including a 12.8% decline in same-store sales in the first quarter, and will report second-quarter results on August 6.
Sweetgreen IncTaco Bell identified as cyclospora source, removing contamination fears from Sweetgreen's salads.
Yum! Brands IncCDC warning against Taco Bell's shredded iceberg lettuce due to cyclospora outbreak.