Sweetgreen (SG) faces ongoing traffic declines, shrinking profit margins, and downward-revised guidance, leading to a reiteration of the Hold rating. SG's operational initiatives and protein-focused menu changes have yet to reverse negative sales trends, as core Millennial and Gen Z customers remain under financial pressure. The sale of Spyce Food Co. provides SG with a needed cash infusion, but highlights liquidity concerns and a focus on core restaurant operations over innovation.
Fast-casual salad chain Sweetgreen's struggles worsened in its third quarter this year, as same-store sales declined 9.5% due to an 11.7% drop in foot traffic, reflecting mounting losses. Sweetgreen announced the sale of its robotics unit, Spyce, to mealtime platform Wonder for $186.4 million, after it acquired Spyce in 2021 to build its "Infinite Kitchens.
Sweetgreen shares fell 8% after Q3 results showed a sharp deceleration in same-store sales growth, reflecting broader restaurant sector weakness. SG stock has lost nearly 90% of its value in the past year, but this is attributed to macroeconomic headwinds rather than changing consumer preferences. The sale of Spyce and its Infinite Kitchen technology for $186 million provides SG with needed cash to fund unit growth and brand visibility initiatives.
Sweetgreen, Inc. ( SG ) Q3 2025 Earnings Call November 6, 2025 5:00 PM EST Company Participants Rebecca Nounou - Head of Investor Relations Jonathan Neman - Co-Founder, Chairman, President & CEO Jamie McConnell - Chief Financial Officer & Accounting Officer Conference Call Participants Brian Mullan - Piper Sandler & Co., Research Division Jon Tower - Citigroup Inc., Research Division Andrew Charles - TD Cowen, Research Division Rahul Krotthapalli - JPMorgan Chase & Co, Research Division Sara Senatore - BofA Securities, Research Division Logan Reich - RBC Capital Markets, Research Division Kelly Anne Merrill - Morgan Stanley, Research Division Anisha Datt - Barclays Bank PLC, Research Division Edward Farley - Goldman Sachs Group, Inc., Research Division Presentation Operator Thank you for standing by. My name is Joe, and I'll be your conference operator today.
Although the revenue and EPS for Sweetgreen (SG) give a sense of how its business performed in the quarter ended September 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Beyond analysts' top-and-bottom-line estimates for Sweetgreen (SG), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended September 2025.
Sweetgreen stock is down 77% this year. Same-store sales are down, and its losses are widening.
Sweetgreen, Inc. (SG) closed at $6.27 in the latest trading session, marking a -9.65% move from the prior day.
Sweetgreen (SG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
In the latest trading session, Sweetgreen, Inc. (SG) closed at $7.9, marking a -2.71% move from the previous day.
Sweetgreen, Inc. (SG) closed the most recent trading day at $7.69, moving +2.4% from the previous trading session.
In the closing of the recent trading day, Sweetgreen, Inc. (SG) stood at $7.93, denoting a -3.76% move from the preceding trading day.