Sweetgreen’s recent quarter showed negative same-store sales and weaker margins, resetting expectations. The company is focusing on automation with its Infinite Kitchen rollout. Some investors are hopeful the stock could rebound to its all-time high of $53, but the reality is a recovery is unlikely. Sweetgreen’s second quarter results revealed revenue increase of just 0.5% year over year, with a 7.6% decline in same-store sales and lower profit margins. Despite some promising catalysts like digital strength and loyalty programs, a rapid surge similar to Nvidia is improbable. The stock’s future success will depend on consistent improvement in key metrics. The Motley Fool Stock Advisor team does not recommend investing in Sweetgreen at this time, citing better opportunities for potential high returns in other stocks.
Read more at Nasdaq: Is Sweetgreen Stock Poised for an Nvidia-Level Run?