Sweetgreen: Still Too Much Uncertainty About When The Business Will Recover

Sweetgreen (SG) remains under pressure, with Q1 2026 results showing declining revenue, negative same-store sales, and worsening margins. SG's demand weakness is primarily traffic-led, with over 11% fewer customer visits and unit sales volume down 14.7% year-over-year. Operational improvements, menu innovation (wraps), and pricing changes offer a potential path to stabilization, but recovery is not yet evident.