RBC Capital lowered the firm’s price target on Sweetgreen (SG) to $7 from $8 and keeps an Outperform rating on the shares. The company’s FY26 SSS guidance of down 2% to down 4% is 320bps below consensus and is an indication that it is still working to find its footing in the current environment where Sweetgreen value proposition does not yet appear to be resonating with consumers, the analyst tells investors in a research note. RBC adds that the management’s SSS guidance implies a steep ramp of acceleration through FY26.
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