Why Jim Cramer thinks owning Sweetgreen stock is ‘a recipe for portfolio destruction’

Cramer said that the stock is unlikely to perform well in an inflationary environment.

The bear market is not a bull market.

Wall Street loves dividends and earnings. Sweetgreen doesn't have anything of these things. If you try to bottom fish in this one, it will lead to portfolio destruction.

Cramer laid out why he thinks the company's stock isn't worth much. The company's expensive salads are not likely to sell in an inflationary environment.

He is wary of the stock due to the possibility of a recession and a new Covid-19 variant.

Sweet green is an unprofitable growth story. When it became public, I told you to avoid it. It was trading at $33 when you were told to avoid it. Cramer said nothing has made him change his mind.

On Tuesday, shares of Sweetgreen fell.

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