In November 2021, Sweetgreen held its IPO. The stock priced at $28 and jumped 76% to $49.50. At that price, Sweetgreen’s market capitalization was over $5 billion.
On Thursday afternoon, Sweetgreen reported earnings for the second quarter of 2026. In trading Friday, its shares dropped 9% by midday – a nearly 90% decline from their first-day close. At that stock price, ...