Sweetgreen Is Finally Growing Again. Time To Buy?

Sweetgreen has returned to same-store sales growth with a 5% increase in October and 4% traffic growth, signaling its turnaround plan is working. The company raised full-year guidance expecting 3.4% Q4 same-store sales growth. However, the company remains significantly below 2024 peak performance with average unit volumes down from $2.92M to $2.47M, requiring nearly 20% same-store sales growth to recover. Management is relaunching menu items like plates and wraps to diversify from salads and improve margins.