Sweetgreen stock price continues to benefit from

Sweetgreen stock price continues to benefit from macroeconomic data showing sustained retail spending. With same-store sales up 9% year-over-year, Sweetgreen is outperforming the sector’s average of 5%, prompting upward revisions in analyst targets. The Bottom Line: Five chains went public that year, Dutch Bros, First Watch, Sweetgreen, Portillo’s and Krispy Kreme. Only one of those is trading above their IPO price. Executives said "loyalty headwinds" played a key role in the results. Neman said the transition from the Sweetgreen+ subscription program to a new program, SG Rewards, generated a 250 basis-point headwind to the company's second-quarter same-store sales. He said Sweetgreen saw a falloff in revenue from that small but high-frequency cohort of Sweetgreen+ customers, but he said he believes the effect will be temporary. Sweetgreen stock price recently touched $16.30 ahead of the quarterly investor update. Options activity indicates a higher number of call contracts, signaling bullish sentiment from short-term market participants.