Sweetgreen Q2 Loss Widens to $26.3M, Analysts Slash Targets
SG sits 20% above its 52-week low of $4.49 on elevated volume (2.8× avg).
Summary
Sweetgreen reported Q2 revenue of $192.7M but a net loss of $26.3M, with same-store sales down 6.2% and store margins compressing to 13.1% from 18.9%. This follows the August 6 guidance cut driven by the cyclosporiasis outbreak and jalapeño recall. Analysts responded by slashing price targets—TD Cowen to $5, Citi to $8, Oppenheimer to $8.50, UBS to $6.50—reflecting deep skepticism about near-term recovery. The combination of widening losses and rapid analyst downgrades signals mounting pressure on the stock.
At the time of this announcement, SG was trading at $5.37 on NYSE in the Trade & Services sector, with a market capitalization of approximately $641.7M. The 52-week trading range was $4.49 to $12.80. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Wiseek News.