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Sweetgreen's stock has declined by nearly 80% over the past year, with revenue growth of just 2% in the first nine months of fiscal 2025. The company has slowed its new restaurant growth and holds $130 million in cash, but its same-store sales are down, and operating expenses continue to rise. Despite its focus on health and sustainability, Sweetgreen's financial performance raises concerns about its ability to generate durable shareholder returns.

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