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Sweetgreen shares dropped 23% on Friday after the salad chain cut its 2025 outlook for the second quarter in a row, citing issues with its loyalty program, weak consumer sentiment, tariff headwinds and store challenges.

For the full-year 2025, Sweetgreen now expects revenue of between $700 million and $715 million, down from its May prediction of $740 million to $760 million and its February outlook of $760 million to $780 million.

It also projects negative same-store sales for the full year, estimating declines of between 4% and 6%, down from its original outlook of single-digit growth. Restaurant-level profit margin for 2025 is expected to be 200 basis points lower than Sweetgreen's latest outlook in May. T

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