Sweetgreen Inc. reported its second-quarter 2025 financial results, missing revenue expectations with $185.6 million compared to the estimated $194.3 million, representing a 0.5% year-over-year increase. The company posted an adjusted loss per share of $0.20, wider than the anticipated loss of $0.11 and a 54% decline year-over-year. Same-store sales declined by 7.6%, a reversal from a 9.3% increase in the prior year. Adjusted EBITDA stood at $6.4 million, below the estimated $10.9 million, with a margin of 3.5%. EBIT showed a loss of $26.4 million, deeper than the expected loss of $14.2 million. Sweetgreen's CEO attributed the results to macroeconomic pressures, a tough comparison to last year’s strong quarter, and changes to the loyalty program. The company revised its full-year 2025 guidance, projecting same-store sales declines between 4% and 6%, worse than the prior estimate of a 1.4% decline. Following the earnings release, Sweetgreen's shares dropped over 28% in trading, with several analysts lowering price targets: RBC to $13 from $25, UBS to $13 from $19, Piper Sandler to $12 from $20, Barclays to $10 from $17, and Cowen to $10 from $15. In contrast, Cava Group is expected to report favorable second-quarter results, though some analysts caution about potential softness amid ongoing headwinds in the fast-casual restaurant sector.