Sweetgreen's Next Earnings Report on Aug. 6 Could Send the Stock Soaring. 3 Reasons Why.
Sweetgreen has been a broken stock for several quarters now. Is a turnaround finally here?
Overview
Sweetgreen (NYSE:SG) has served up a sour bowl for investors over the last year and a half.
The stock is down 86% from its peak in late 2024, amid a wide range of challenges. Discretionary spending on fast-casual food slowed broadly in response to ongoing inflation and the “K-shaped economy.” The company changed its loyalty program, leaving members of the earlier Sweetpass membership program miffed, and it sold Spyce, the unit that owns the Infinite Kitchen, though it retained the rights to use it.
Details
As a result, with comparable sales falling by double digits in the first quarter, investors seem to have given up on what was once one of the most promising growth stories in the restaurant industry.
Source
Originally published at www.fool.com.