Sweetgreen shares plunged over 25% after cutting its 2025 revenue outlook due to issues with its loyalty program, weak consumer sentiment, and store challenges. Revenue expectations dropped to $700-$715 million, with same-store sales expected to decline 4-6%. The company reported a loss of 20 cents per share in the second quarter. CEO Jonathan Neman cited a “really rough quarter” due to internal and external factors. Sweetgreen is focusing on improving customer satisfaction and operations to bounce back from the setback.

Read more at CNBC: Sweetgreen cuts outlook for second time in two quarters