Sweetgreen Battered by 9.5% Same-Store Sales Drop

Sweetgreen battered by 9.5% same-store sales drop

The salad chain suffered one of the worst third quarters among publicly traded fast casuals, as young consumers in core markets pulled back and value plays ate into margins.

Sweetgreen (NYSE: SG) Cuts 2025 Outlook, Sells Spyce Robotics to Wonder for $186.4M After Weak Q3

What happened Sweetgreen reported third‑quarter FY2025 revenue of $172.4 million, down 0.6% year over year. Same‑store sales fell 9.5%, driven by an 11.7% drop in traffic and product mix, partly offset by 2.2% of price increases. Digital remained a majority of sales (61.8%), with 35.3% coming through owned digital channels. Restaurant‑level profit margin compressed to 13.1% from 20.1% a year ago, and adjusted EBITDA swung to ‑$4.4M from +$6.8M. …

Sweetgreen sells its robots

Sweetgreen once fancied itself a tech company. Now it’s selling off its proprietary automation technology to a $7 billion startup that plans to deploy it at scale.On Thursday, Sweetgreen announced it’s selling Spyce, the business unit responsible for the ‘Infinite Kitchen’ robotics, to mealtime superapp hopeful Wonder for $186.4 million, a figure that includes $100 million in cash. The deal is expected to close late this year or early next.Durin…

Sweetgreen agrees to sell Spyce robotics unit to Wonder

Salad chain Sweetgreen has agreed to divest its robotics business Spyce to mealtime platform Wonder for $186.4m.The post Sweetgreen agrees to sell Spyce robotics unit to Wonder appeared first on Verdict Food Service.