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Fast-casual salad chain Sweetgreen is struggling as its traffic and sales continue to fall and it reports millions in losses each quarter.

Its earnings worsened in its third quarter this year, as same-store sales declined 9.5% due in part to a 11.7% drop in foot traffic.

Sweetgreen revolutionized the quick service industry after launching in 2007, proving that healthy food could be accessible and convenient. But the company still hasn't figured out how to turn a profit and investors are turning away; its share price has declined more than 80% this year.

"I think investors are nervous about everything right now, including Sweetgreen," said Sharon Zackfia, the head of consumer equity research at William

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