Street View-Sweetgreen's sales slide sparks analyst caution

SWEETGREEN

07/11/2025 15:53

Nov 7 (Reuters) - ** Sweetgreen SG.N shares plunged nearly 10% in early trading on Friday after the salad chain's Q3 profit and revenue missed estimates over weak consumer spending and higher cost

** At least five brokerages trim PT on stock

** Average rating of 14 analysts is "hold"; median PT is $9.50, as per data compiled by LSEG

SALES SLUMP AND STREET SKEPTICISM

** TD Cowen ("hold", PT: $6) sees risks to 2026 same-store sales given co's urban concentration challenged by intensified competition

** Piper Sandler ("neutral", PT: $9) says SG needs to restore unit level profitability to existing restaurant base, showing progress throughout 2026 will be critical

** Oppenheimer ("outperform", PT: $10) says co slowing unit growth next year and selling "Spyce" to Wonder improve the company's cash positioning

** Morgan Stanley ("equal-weight", PT: $10) says Sweetgreen is in toughest spot of fast-casual chains

 (Reporting by Chandni Shah in Bengaluru)

 ((Chandni.shah@thomsonreuters.com;))