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Sweetgreen sinks as salad maker posts earnings miss and slashes guidance (again)

Sweetgreen shares slumped 25% Thursday after the cult favorite salad chain missed Q2 estimates and cut its full-year revenue forecast for the second quarter in a row.

The company posted a Q2 loss of $0.15 per share, wider than the $0.10 loss analysts had expected. Revenue came in at $185.6 million, also shy of Wall Street’s $191.9 million forecast. Same-store sales missed estimates as well, dipping 7.6%.

But the real gut punch came from its latest guidance cut: Sweetgreen now expects full-year 2025 revenue between $700 million and $715 million, down from its forecast of $740 million to $760 million in May and as much as $780 million in its February outlook. Not a great look for a brand that wants to be the next Chipotle!

CEO Jonathan Neman called it a “really, really rough quarter” on Thursday’s earnings call, sharing that just one-third of the company’s locations are performing at or above internal standards. Orders rose 17% year over year to $82.7 million, but average order value fell 5%, which execs partly blamed on changes to its delivery perks for Instacart+ members.

Sweetgreen shares are now down 70% year to date.

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US gas prices surge, with prediction markets implying >$4 per gallon by the end of March

Pain at the pump is intensifying as the ongoing war in the Middle East pressures supplies.

US average national gas prices rose to $3.45 per gallon on Sunday, according to data from the American Automobile Association, and are up more than 15% since the kinetic conflict started.

“Given Sunday evening’s data and the continued surge in oil prices, I believe there is roughly an 80% chance the national average price of gasoline reaches $4 per gallon within the next month- or sooner,” wrote Patrick De Haan, head of petroleum analysis at GasBuddy, in a post on Substack on Sunday evening. “In the immediate term, the national average of $3.45 per gallon could climb to roughly $3.75–$3.95 this week alone.”

Prediction markets currently expect prices to end the month around $4.30 to $4.50. On Friday, the prediction market-implied likely range for prices was between $3.60 and $3.70.

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

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Report: Boeing could unveil 500-jet order from China during Trump’s visit later this month

Shares of Boeing are up nearly 4% on Friday afternoon, following a Bloomberg report that the company could be close to finalizing a deal to sell 500 planes to China.

The deal was first reported in August and would be one of Boeing’s largest ever.

According to Bloomberg’s sources, the deal could be officially unveiled when President Trump travels to China at the end of the month. That trip could be delayed given the war in Iran. The deal, sources say, could still fall apart — similar language to when it was first reported on more than six months ago.

Boeing has been on the outside of the Chinese market, in terms of new orders, since 2019 amid escalating US-China trade tensions.

According to Bloomberg’s sources, the deal could be officially unveiled when President Trump travels to China at the end of the month. That trip could be delayed given the war in Iran. The deal, sources say, could still fall apart — similar language to when it was first reported on more than six months ago.

Boeing has been on the outside of the Chinese market, in terms of new orders, since 2019 amid escalating US-China trade tensions.

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