Sweetgreen Analysts Cut Their Forecasts After Weak Q3 Results
The substantial loss and lowered guidance bring concerns over profitability. For instance, similar guidance cuts in the past led to significant price declines.
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The substantial loss and lowered guidance bring concerns over profitability. For instance, similar guidance cuts in the past led to significant price declines.
What happened, with direct paths to the underlying reporting
Sweetgreen missed Q3 earnings estimates with a loss of 31 cents per share. Sales of $172.4M fell short of expectations of $179.62M. FY2025 sales guidance cut from $700-$715M to $682-$688M. Analysts adjusted price targets: Piper Sandler ($9), Wells Fargo ($10), RBC ($7). Sweetgreen shares dropped 10.8% to $5.57 after the earnings report.
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