Sweetgreen shares have rebounded 35% year to date through June 26, recovering from a nearly 40% decline over the past 12 months. The stock remains well below its 52-week high of $16.70 reached last July. The company's fiscal first-quarter sales fell 3% year-over-year to $161.5 million, with an 11% drop in foot traffic at restaurants open at least 13 months, while digital revenue rose to $62.8 million from $53 million a year earlier. Sweetgreen posted an operating loss of $34.3 million, wider than the prior year's $28.5 million loss, but reported net income of $125.8 million after selling its Infinite Kitchen automation business. The chain is adding lower-priced menu items like wraps and improving kitchen efficiency to attract value-conscious consumers, and it plans to open about 13 new restaurants this year, down from 35 in 2025, to manage costs.
Sweetgreen IncSales fell 3% YoY and foot traffic dropped 11% at mature restaurants, indicating weak end-customer demand
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