Sweetgreen shares drop 25% after salad chain cuts outlook for the second time in two quarters
Sweetgreen shares dropped more than 25% on Friday after the salad chain cut its 2025 outlook for the second quarter in a row, citing issues with its loyalty program, weak consumer sentiment, tariff headwinds and store challenges.For the full-year 2025, Sweetgreen now expects revenue of between 715 million, down from its May prediction of 760 million and its February outlook of 780 million.It also projects negative same-store sales for the full year, estima ...