Sweetgreen’s (SG) Never Made Any Money, Says Jim Cramer

We recently published Jim Cramer Revealed His Big AI Investing Fear & Discussed These 20 Stocks. Sweetgreen, Inc. (NYSE:SG) is one of the stocks discussed by Jim Cramer.

Fast food restaurant company Sweetgreen, Inc. (NYSE:SG)’s shares are down by 58% over the past year and by 6% year-to-date. As per The Fly, RBC Capital discussed the firm on February 27th as it cut the share price target to $7 from $8. The bank remarked that Sweetgreen, Inc. (NYSE:SG)’s same-store sales forecast for fiscal year 2026, provided during its fourth quarter earnings, was below analyst estimates. RBC added that the restaurant company is aiming to accelerate its performance this year by focusing on value. Earlier, on January 28th, Goldman Sachs had increased Sweetgreen, Inc. (NYSE:SG)’s share price target to $5.6 from $5 and kept a Sell rating on the stock. The bank commented that the firm could benefit from tax cuts, tariff relief, and other tailwinds. Cramer discussed Sweetgreen, Inc. (NYSE:SG)’s latest earnings report:

“Okay people actually said that Sweetgreen had a good April. Unbelievable, they’re taking it up. It’s up 6.5. These are the two that a lot of people have said lookout, these companies are in grave financial trouble. This may have been the quarter where they actually distinguished themselves from others.

“Now Sweetgreen it’s not really known as a company that has made a lot of money. Perhaps because it’s never made any money.”

Sweetgreen's (SG) Never Made Any Money, Says Jim Cramer

While we acknowledge the risk and potential of SG as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than SG and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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