Sweetgreen shares dropped over 25% in after-hours trading Thursday after the company reported disappointing second-quarter results and slashed its full-year forecast, according to Benzinga. Revenue came in at $185.58 million, missing estimates of $194.34 million, while the company posted a loss of 20 cents per share versus the expected 11-cent loss. Same-store sales fell 7.6% year-over-year, even as Sweetgreen opened nine new restaurants. The company lowered its 2025 revenue guidance to between $700 million and $715 million, down from a prior range and below Benzinga Pro’s estimate of $746.3 million. It now expects same-store sales to decline 4% to 6% and projects full-year adjusted EBITDA between $10 million and $15 million. CEO Jonathan Neman cited macroeconomic headwinds, loyalty program changes, and tough year-over-year comparisons.
