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Sweetgreen Financial Overview
Sweetgreen (NYSE: SG) reported a second quarter revenue of $185.6 million, a rise of only 0.5% year-over-year, alongside a concerning 7.6% decline in same-store sales driven by a 10.1% drop in traffic. The average unit volume decreased from $2.9 million to $2.8 million, and the restaurant-level profit margin fell to 18.9% from 22.5% a year prior. The company faced a net loss of $23.2 million, with adjusted EBITDA down to $6.4 million compared to the previous year.
For fiscal 2025, management expects revenue between $700 million and $715 million, showing modest growth but projecting a decline in profitability with adjusted EBITDA guidance of $10 million to $15 million, down from $18.7 million in 2024. The recent rollout of the ‘Infinite Kitchen’ automation system aims to improve efficiency but undercuts the expectation of achieving growth similar to tech companies like Nvidia.
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