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Sweetgreen , Inc. (NYSE:SG) Chief Financial Officer Mitch Reback recently sold 10,088 shares of the company’s Class A common stock. The transaction, which took place on May 16, 2025, was valued at approximately $153,640, with each share sold at a price of $15.23. The sale comes amid a challenging period for the $1.8 billion market cap company, whose stock has declined over 60% in the past six months, according to InvestingPro data.
Following this sale, Reback holds 334,421 shares directly. The sale was mandated by Sweetgreen’s equity incentive plans to cover tax withholding obligations and was not a discretionary trade by Reback. The company maintains a healthy liquidity position with a current ratio of 1.97, though it operates with moderate debt levels.
In addition to his direct holdings, Reback has indirect ownership interests in several trusts. These include 70,169 shares held by The IMCR GRAT and The MRCR GRAT, both dated July 27, 2021, and another 43,901 shares held by similar trusts dated July 27, 2023. There is also a family trust holding 186,051 shares. For deeper insights into Sweetgreen’s valuation and financial health metrics, including 13 key ProTips and comprehensive analysis, visit InvestingPro.
In other recent news, Sweetgreen Inc. reported its first-quarter 2025 earnings with revenue slightly surpassing expectations at $166.3 million, compared to the anticipated $165.8 million. The earnings per share (EPS) were in line with forecasts, standing at a negative $0.21. Despite the revenue beat, the company experienced a 3.1% decline in same-store sales, indicating challenges in maintaining customer traffic at existing locations. Sweetgreen plans to open over 40 new restaurants in 2025, aiming for revenue between $740 million and $760 million, and targets a restaurant-level margin of 19.5%. The company also announced the introduction of new menu items, including ripple fries and a collaboration with the Michelin-starred Korean steakhouse, Cote. Analysts at Citigroup (NYSE:C) and Bank of America raised questions about the impact of tariffs on restaurant build-out costs and the potential for introducing more mid-to-lower-priced menu items. Sweetgreen’s leadership emphasized their confidence in strategies to drive long-term growth despite current economic uncertainties.
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