---
title: "Sweetgreen Stock Slides Friday: What's Driving the Action?"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/295244075.md"
description: "Sweetgreen (SG) shares dropped nearly 10% Friday after reporting weaker-than-expected Q2 results, including a wider net loss and lower revenue. An analyst downgrade by TD Cowen further pressured the stock. Management cited a cyclosporiasis outbreak impacting demand, leading to a downward revision of the full-year same-store sales outlook."
datetime: "2026-08-07T13:28:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/295244075.md)
  - [en](https://longbridge.com/en/news/295244075.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/295244075.md)
generator: "portal-rs"
---

# Sweetgreen Stock Slides Friday: What's Driving the Action?

**Sweetgreen Inc**. (NYSE:SG) shares are trading sharply lower Friday morning after the fast-casual chain delivered weaker-than-expected second-quarter financial results and faced an analyst downgrade.

-   Sweetgreen stock is showing notable weakness. What’s pressuring SG stock?

## Financial Results Miss Wall Street Target

For the second quarter ended June 28, Sweetgreen reported a net loss of 22 cents per share, missing consensus estimates of a 14 cent loss per share. Total revenue rose 3.8% year-over-year to $192.66 million, coming in below expectations of $194.90 million. 

Same-store sales fell 6.2%, impacted by a 2% decline in traffic alongside a 4.2% drop in product mix due to higher promotional activity. Additionally, restaurant-level profit margin narrowed to 13.1% from 18.9% in the prior-year period. Following the announcement, TD Cowen trimmed its price target on the stock from $8 to $5.

## Management Commentary and Outlook

Despite the missed targets, executive leadership expressed confidence in their long-term operational strategy. “Our results are not where they need to be, but the progress we saw in the second quarter reinforces our confidence that the plan is working,” said **Jonathan Neman**, Co-Founder and Chief Executive Officer. 

He added that guest response to new wrap offerings and restaurant execution are improving. Looking ahead, Sweetgreen revised its full-year 2026 outlook downward to reflect reduced demand for fresh prepared foods following a multistate outbreak of cyclosporiasis, projecting a same-store sales decline between 7% and 8%.

## SG Shares Slide Friday Morning

**SG Price Action:** Sweetgreen shares were down 9.71% at $5.30 during premarket trading on Friday, according to Benzinga Pro data.

 **Read Also: Employers Unexpectedly Cut 23,000 Jobs In July — Markets See September Fed Hike as Less Likely** 

*Image: Shutterstock*

### Related Stocks

- [SG.US](https://longbridge.com/en/quote/SG.US.md)

## Related News & Research

- [Sweetgreen (NYSE:SG) CFO Sells $93,354.93 in Stock](https://longbridge.com/en/news/296278338.md)
- [Sweetgreen, Inc. $SG Shares Bought by Quantinno Capital Management LP](https://longbridge.com/en/news/296018044.md)
- [Sweetgreen COO Jason Miles Cochran disposes of 4,809 common shares worth $29,869.89](https://longbridge.com/en/news/296272247.md)
- [Sweetgreen opens first East Coast sweetlane drive-up location in McLean, Virginia](https://longbridge.com/en/news/296232851.md)
- [Sweetgreen Stumbles Again. Are the Turnaround Chances Gone?](https://longbridge.com/en/news/295290966.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**