Welcome to our dedicated page for Potbelly Corpora news (Ticker: PBPB), a resource for investors and traders seeking the latest updates and insights on Potbelly Corpora stock.
Potbelly Corporation (NASDAQ: PBPB) operates a growing network of fast-casual restaurants known for toasted sandwiches, salads, and community-focused dining experiences. This page serves as the definitive source for official company announcements, financial updates, and strategic developments.
Investors and industry observers will find curated press releases covering quarterly earnings, franchise expansion milestones, leadership updates, and operational innovations. Our collection emphasizes Potbelly's unique position at the intersection of quality dining and scalable franchising models.
Key updates include financial performance reports, new market entries, menu innovations, and partnership announcements. The archive also tracks the company's progress in maintaining its neighborhood-centric ethos while pursuing strategic growth objectives.
For consistent access to Potbelly's evolving story, bookmark this page or check back regularly. All content is sourced directly from company filings and authorized communications, ensuring reliability for investment research and market analysis.
Potbelly (NASDAQ: PBPB) has scheduled its first quarter 2025 financial results announcement for Wednesday, May 7, 2025 after market close. The company will host a conference call at 5:00 p.m. Eastern Time to discuss the results, led by President and CEO Bob Wright and CFO Steve Cirulis.
The conference call will be accessible via phone (844-676-5533 for U.S. & Canada, 412-634-6942 for International) and webcast through the company's website. An audio replay will be available until May 14, 2025.
Potbelly operates over 440 shops across the United States, including more than 90 franchised locations, serving sandwiches, salads, and shakes since its first Chicago shop opened in 1977.
Potbelly (NASDAQ: PBPB) reported its Q4 and full-year 2024 financial results. Q4 highlights include:
- GAAP EPS of $0.15 (+67% y-y)
- Net income of $4.6M (+69% y-y)
- Adjusted EBITDA of $9.7M (+30% y-y)
- Revenue decreased 7.3% to $116.6M
- Average Weekly Sales up 1.1% to $25,230
- Same-store sales increased 0.3%
Full-year 2024 performance showed:
- Revenue declined 5.9% to $462.6M
- GAAP net income of $40.3M (including $35.3M tax benefit)
- Adjusted EBITDA increased 14.9% to $32.6M
- Same-store sales decreased 0.3%
The company opened 23 new shops in 2024 and secured 113 new franchise commitments. Total open and committed shops reached 727, an 18.8% increase over Q4 2023. The company also continued its share repurchase program, with $18.6M remaining available.
Potbelly (NASDAQ: PBPB) has launched the 'Potbelly 50/50 Large Area Developer Incentive Program' to accelerate franchise expansion across the U.S. The program targets multi-unit franchisees who commit to opening at least 15 Potbelly shops within eight years.
Key benefits for qualifying franchisees include:
- Reduced initial franchise fees
- Reduced deposit fees
- 50% discount on royalty fees for shops opened ahead of schedule
The company is specifically targeting existing franchisees of non-competing brands with strong portfolios and financial capabilities. Franchise opportunities are available in multiple markets including Atlanta, Phoenix, Denver, Ohio, Virginia, Pennsylvania, parts of Florida, Tennessee, Dallas, Houston, and other Texas locations. Potbelly currently operates over 440 shops nationwide, including more than 90 franchised locations.
Potbelly (NASDAQ: PBPB) announced a significant expansion in St. Louis, Missouri through a new Shop Development Agreement with franchisee Todd Stimson. The agreement includes the development of seven new shop locations in the St. Louis region, adding to Stimson's existing three locations in the area.
Stimson, who was named Franchisee of the Year at Potbelly's 2023 System Summit and Operator of the Year in 2024, will strengthen the brand's presence in the market. This expansion aligns with Potbelly's strategic growth plan to partner with proven multi-unit operators for nationwide franchising. The new locations are expected to create multiple job opportunities in the St. Louis area, with specific locations and opening dates to be announced in the coming months.
Potbelly (NASDAQ: PBPB) has announced significant expansion plans in Texas through two new Shop Development Agreements (SDAs). The agreements will add 11 new locations across Houston and Austin areas. Dana and Richard Biddy will develop five shops in the Pearland-Galveston region, while Jignesh and Nitin Patel will establish six locations in Austin.
The Patel partners bring extensive experience operating major franchise brands including Dunkin' Donuts, Baskin Robbins, Subway, and Golden Corral. The expansion aligns with Potbelly's strategic growth initiative to partner with multi-unit operators through franchising. The company continues seeking operators for remaining territories in Texas including Houston, Dallas, Austin, and Waco.
Potbelly (NASDAQ: PBPB) has signed a Shop Development Agreement with Premier Eats to open eight new Potbelly shops in Virginia Beach, Norfolk, and South Hampton Roads area. This expansion marks a significant move into untapped Virginia markets.
The agreement with Premier Eats , a multi-unit foodservice operator, demonstrates Potbelly's commitment to growth through franchise partnerships. The new locations will offer Potbelly's signature menu of toasted sandwiches, sides, and desserts, while creating local job opportunities.
The company continues to seek franchise partners in available Virginia territories as part of its expansion strategy. Opening dates and specific location details for the eight new shops will be announced in the future.
Potbelly Sandwich Works has announced a new franchise expansion in Lake Charles, Louisiana through a Shop Development Agreement (SDA) with franchisees Tim Rozell and Adam Jackson. This agreement complements their existing commitment to open three locations in Beaumont/Port Arthur, TX.
The Lake Charles expansion is part of Potbelly's strategic growth initiative to expand its presence in key markets through franchise partnerships. The new location will generate local employment opportunities and offer the brand's signature toasted sandwiches and fresh ingredients to Lake Charles residents.
The company continues to seek partnerships with multi-unit operators for remaining untapped territories in Louisiana. Specific details about the new shop's location and opening timeline will be announced in the future.
Potbelly (NASDAQ: PBPB) has announced a new Shop Development Agreement (SDA) to expand its presence in Illinois. Franchisees Anand and Nimisha Patel will open three new locations across the Kane and Kendall markets.
The Patels, who currently own Dunkin' Donuts and Baskin Robbins franchises, bring significant food and beverage industry experience to this venture. This expansion aligns with Potbelly's strategic growth plan to extend its footprint through franchising in key areas nationwide.
The new shops will create local job opportunities in the Kane and Kendall areas, with specific locations and opening dates to be announced in the coming months. The company continues to seek partnerships with multi-unit operators for expansion in remaining untapped territories in Illinois and neighboring states.
Potbelly (NASDAQ: PBPB) has announced a significant expansion in North Carolina through a new Shop Development Agreement (SDA) with franchisees Dion and Keish Hilliard. The agreement includes the opening of six new locations across Winston-Salem, Greensboro, and Burlington markets.
This expansion adds to Potbelly's existing presence in North Carolina, where they currently operate shops in Cary, Durham, Morrisville, and Fort Liberty. The development represents a key step in the company's strategic plan to expand its footprint through franchising in the Carolinas and other key markets nationwide.
The new locations will create multiple job opportunities in the region, contributing to local economic growth. Specific site locations and opening dates will be announced later.
Potbelly (NASDAQ: PBPB) has announced its expansion into the Northern Delaware and Philadelphia market with two new franchise locations. The expansion will serve residents in Kent and New Castle Counties in Delaware, as well as South Philadelphia, offering the company's signature menu of toasted sandwiches, milkshakes, sides, and desserts.
The expansion represents a strategic move into the Metro Philadelphia area, with the new shops expected to create local jobs and provide community gathering spaces. The company is actively seeking additional franchise partners in Pennsylvania, with prime territories still available for development.
While specific location details and grand opening dates are yet to be announced, the company plans to celebrate the openings with special events and promotional offers.
