Core Insights - Sweetgreen, Inc. reported worse-than-expected third-quarter financial results, with losses of 31 cents per share, missing the analyst consensus estimate of 18 cents per share [1] - Quarterly sales were $172.400 million, falling short of the analyst consensus estimate of $179.620 million [1] - The company cut its FY2025 sales guidance from a range of $700 million-$715 million to $682 million-$688 million [2] Financial Performance - Sweetgreen's third-quarter losses were significantly higher than anticipated, indicating potential operational challenges [1] - The sales figures for the quarter also reflect a decline in performance compared to market expectations [1] Management Commentary - CEO Jonathan Neman emphasized the company's focus on operational excellence, menu innovation, and disciplined growth despite a challenging macroeconomic environment [3] - Neman expressed confidence in the leadership team and the strategy to achieve sustained, profitable growth [3] Stock Market Reaction - Following the earnings announcement, Sweetgreen shares experienced a decline of 10.8%, trading at $5.57 [3] Analyst Ratings and Price Targets - Piper Sandler analyst Brian Mullan maintained a Neutral rating and lowered the price target from $12 to $9 [6] - Wells Fargo analyst Anthony Trainor maintained an Overweight rating but cut the price target from $13 to $10 [6] - RBC Capital analyst Logan Reich maintained an Outperform rating and reduced the price target from $13 to $7 [6]