| Ticker | Status | Jurisdiction | Filing Date | CP Start | CP End | CP Loss | Deadline |
|---|
| Ticker | Case Name | Status | CP Start | CP End | Deadline | Settlement Amt |
|---|
| Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
|---|
Shares of Sweetgreen Inc (NYSE:SG) are trading sharply lower Friday morning after the company reported weaker-than-expected second-quarter results and cut its full-year revenue forecast, prompting multiple Wall Street analysts to lower their price targets.
What To Know: For the second quarter, Sweetgreen announced revenue of $185.6 million, missing consensus estimates of $194.34 million. The company also reported a net loss of 20 cents per share, wider than the 11-cent loss analysts had anticipated.
A key metric, same-store sales, declined by 7.6% year-over-year, a stark contrast to the 3.3% growth seen in the same period last year. CEO Jonathan Neman cited a “convergence of several headwinds, including macroeconomic pressures” and a “challenging comparison to last year's strong second-quarter” for the disappointing performance.
Looking ahead, Sweetgreen slashed its full-year 2025 revenue guidance. The company now projects revenue in the range of $700 million to $715 million, down sharply from its previous guidance of $740 million to $760 million. The new forecast is also below the pre-earnings analyst estimate of $746.3 million.
Following the report, analysts adjusted their outlooks on the stock:
Price Action: According to data from Benzinga Pro, SG shares are trading lower by 27.3% to $9.20 Friday morning. The stock has a 52-week high of $45.12 and a 52-week low of $8.80.
Read Also: Expedia Analysts Boost Their Forecasts After Upbeat Q2 Results
Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.
For example, in Sweetgreen’s case, it is in the Consumer Discretionary sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
Image: Shutterstock
Posted In: SG