Is Sweetgreen a Millionaire-Maker Stock?

Sweetgreen's stock has plummeted from its $52 IPO opening in 2021 to around $9, as the fast-casual chain faces declining same-store sales, margin compression, and persistent unprofitability. Despite initial growth momentum, inflation, remote work trends, and customer perception of overpricing have stalled expansion efforts. The company expects further 2%-4% same-store sales declines in 2026, with analysts seeing no near-term catalysts for recovery.