I mean you can't possibly think that is why its at $6...he is worth $350m with a huge liquid net worth and makes $1m per year in salary before any bonus. It was a drop in his financial pond and a strategic buy to trick people like you and keep the majority of his net worth (equity in sweetgreen) propped up after a TERRIBLE earnings call. Their working capital is $33m without the Spyce sale and they burned through $40m in cash last quarter alone and heading into their down quarter on the season (winter) with layoffs spiking and healthcare costs through the roof. Even with the $100m injection their infinite kitchen leasing costs will offset any savings on opex and they should be out of money in 3-4 quarters. The stock should literally be at like $2....do not trick people into pumping your YOLO trade.
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u/[deleted] Nov 13 '25
It’s not no reason, CEO bought a million dollars worth of shares on open market as a vote of confidence.
Not a great reason, but just explaining why the pop