Sweetgreen cuts outlook for second time in two quarters
People pass through a Sweetgreen restaurant in Manhattan.
Jeenah Moon | Washington Post | Getty Images
Sweet greenery After cutting the second quarter of the salad chain 2025 appearance in a row in a row, the stocks fell on Friday after showing stocks, loyalty program, weak consumer sensation, tariff titles and store challenges.
For the whole of 2025, Sweetgreen is now waiting for $ 700 million to $ 715 million from $ 740 million to $ 760 million to $ 760 million, and the appearance of February looks at $ 760 million from $ 780 million.
In addition, it decreases from the original appearance of single -digit growth by estimating the decrease of 4 to 6%, reflecting the same negative store sales for the whole year. For 2025, the restaurant level is expected to be 200 basis points lower than Sweetgreen’s last appearance in May. This contains a 40 basic -point stroke due to the effect of tariffs.
In a call with analysts on Thursday, CEO Jonathan Neman Sweetgreen said that “a really challenging quarter”.
Authorized, both the external winds and the internal actions, “April in April a more cautious consumer environment and last year’s successful steak launch and the new loyalty program at the beginning of the quarter, including a challenging comparison,” he said.
The company reported the second quarter gain and income, which reported 20 cents per share with 12 cents damage expected by the analysts who participated in the survey by LSEG. Revenue was $ 186 million compared to 192 million dollars of LSEG estimation.
The same store sales fell by 7.6% in the quarter and a year ago, when the company reported an increase of 9.3% of the same store sales, it performed significantly low performance. According to StreetCount, analysts were expecting a quarter of a quarter of 5.5%.
Managers said that “the winds of loyalty” played an important role in the results. Neman, Sweetgreen+ subscription program, a new program to SG Rewards, the company’s second quarter of the same store sales of 250 basic -point wind, he said. Sweetgreen said that this small but high -frequency Sweetgreen+ has earned income from its customers, but said that the effect would be temporary.
In the future, company leaders said they focused on improving customer satisfaction and operations in stores.
On Thursday, Neman said that only one -third of the restaurants performed at standards or above, and two -thirds of the rest are “a significant opportunity for improvement”.
The company said it aims to improve operations through the leadership of Jason Cochran, the new COO, and the launch of a new program called Project One Way.
Consumer sensation has played a role in the company’s performance. Rebrack said that the pressure on consumer spending lasts longer than expected.
“It is quite clear that the consumer is not in a wonderful place in general.”
