Sweetgreen Q2 revenue misses estimates on same-store sales decline and menu mix changes
SG•Reported figures and analyst view
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Revenue | Miss | $192.70 mln | $194.90 mln (12 Analysts) |
| Q2 Loss Per Share | $0.22 | ||
| Q2 Adjusted EBITDA | Miss | -$175 mln | $5.53 mln (13 Analysts) |
| Q2 Loss Per Basic Share | $0.22 |
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 10 "hold" and 1 "sell" or "strong sell". The average consensus recommendation for the restaurants & bars peer group is "buy." Wall Street's median 12-month price target for Sweetgreen Inc is $7.00, about 14.8% above its August 5 closing price of $6.10.
Q2 results miss estimates as same-store sales decline
- U.S. fast-casual chain's Q2 revenue rose 3.8% but missed analyst expectations.
- Q2 adjusted EBITDA turned negative, missing analyst expectations.
- The company cited a 6.2% same-store sales decline and menu mix changes for the weak results.
Revenue growth was primarily driven by incremental revenue from 36 net new restaurant openings since Q2 2025.
Outlook calls for slower growth and continued pressure
- Company expects about 13 net new restaurant openings in fiscal 2026, half with Infinite Kitchen.
- Sweetgreen forecasts fiscal 2026 same-store sales change between (8.0)% and (7.0)%.
