Sweetgreen Surges to 280th in Trading Volume Despite 16.18% Stock Decline

On May 9, 2025, Sweetgreen (SG) experienced a significant surge in trading volume, with a total of $288 million in shares traded, marking a 107.37% increase from the previous day. This surge placed Sweetgreen at the 280th position in terms of trading volume for the day. However, despite the high trading volume, the stock price of Sweetgreen declined by 16.18%.

Sweetgreen, the casual salad chain, reported first-quarter revenue that exceeded analysts' expectations. The company's sales increased by 5.4% year over year, reaching $166.3 million. This positive revenue performance indicates that Sweetgreen is maintaining its market position and continues to attract customers despite the challenging economic environment.

However, Sweetgreen's same-store sales experienced a decline for the first time since the company went public. This decline suggests that while overall sales are increasing, the performance of existing stores may be facing challenges. The company also provided a full-year revenue forecast that fell slightly short of analysts' estimates, which could be a factor contributing to the stock's decline.