Sweetgreen reported second-quarter revenue of $192.7 million, missing analyst estimates of $193.9 million, while its adjusted loss per share of $0.15 was 24.7% below consensus. Same-store sales fell 6.2% year on year, and adjusted EBITDA came in at negative $175,000, significantly below the expected $5.67 million. CEO Jonathan Neman acknowledged results are not where they need to be, citing operational hurdles and industry-wide food safety headlines that dampened guest traffic. The company provided full-year EBITDA guidance of negative $25 million at the midpoint, well below analyst expectations of $2.33 million, and highlighted ongoing efforts in menu innovation, targeted marketing, and cost discipline to drive a transaction-led recovery.
Sweetgreen IncMissed Q2 revenue and earnings estimates, with same-store sales down 6.2% and weak EBITDA guidance.
