markets

Nia Warfield8/8/25

Sweetgreen sinks as salad maker posts earnings miss and slashes guidance (again)

Sweetgreen shares slumped 25% Thursday after the cult favorite salad chain missed Q2 estimates and cut its full-year revenue forecast for the second quarter in a row.

The company posted a Q2 loss of $0.15 per share, wider than the $0.10 loss analysts had expected. Revenue came in at $185.6 million, also shy of Wall Street’s $191.9 million forecast. Same-store sales missed estimates as well, dipping 7.6%.

But the real gut punch came from its latest guidance cut: Sweetgreen now expects full-year 2025 revenue between $700 million and $715 million, down from its forecast of $740 million to $760 million in May and as much as $780 million in its February outlook. Not a great look for a brand that wants to be the next Chipotle!

CEO Jonathan Neman called it a “really, really rough quarter” on Thursday’s earnings call, sharing that just one-third of the company’s locations are performing at or above internal standards. Orders rose 17% year over year to $82.7 million, but average order value fell 5%, which execs partly blamed on changes to its delivery perks for Instacart+ members.

Sweetgreen shares are now down 70% year to date.

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General Fusion CEO Greg Twinney spoke with Sherwood News from the Nasdaq during the stock’s first day of trading.

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markets

J. Edward Moreno7/7/26

SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

US job growth falls far short of estimates in June; unemployment rate unexpectedly dips to 4.2%

Job growth was 57,000. Analysts foresaw job growth of 113,000; prediction markets were more optimistic, looking for job growth above 125,000 but below 150,000.

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Meta surges on report it’s starting a cloud business to sell excess AI compute

The story of the hyperscalers in 2026 has largely been “the beatings will continue until the cash flow outlook improves;” this could help change the story for Meta. Or not.

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markets

Paige Oamek6/30/26

Nike sinks to lowest level since 2014 after warning of “challenged” sales environment in Q4 report

Did Nike do it?

Investors had a mixed reaction after the global sports apparel company reported its fourth quarter earnings on Tuesday after the bell. Shares initially rose 5% as Nike beat out Wall Street expectations amid a hefty tariff refund bonus. However, the stock then sank to its lowest level since August 2014 in postmarket trading.

Here are the Q4 numbers:

Revenue of $11.0 billion (estimate: $10.8 billion).
Adjusted earnings per share of $0.20 (estimate: $0.12).

Ahead of this report, Nike warned that results would be flattered by a one-time tariff refund (now estimated at roughly $0.52 per share for the bottom line). That gave the company an extra cushion in snapping its streak of seven quarters of year-over-year profit declines.

Over the past year, the company had been punished by tariffs on imported goods, stagnant consumer spending, and increasing competition from other footwear brands like New Balance, Adidas, and Hoka.

Outgoing CFO Matthew Friend deemed it an “increasingly challenging operating environment, where sell-through remains challenged.”

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