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 Common Stock (NASDAQ: PBPB) represents shares of Potbelly Corporation, a beloved sandwich shop chain with deep roots in the United States. Founded in 1977, Potbelly began as a small antique store in Chicago that transformed into a local favorite eating spot, known for its warm, toasty sandwiches. The company has since expanded, boasting over 400 locations across 29 states and Washington D.C., as well as 30 additional franchise shops internationally, including the Middle East and the UK.
Potbelly's core business revolves around its unique dining experience, which combines fresh, tasty food with live local music and friendly service. The menu features a variety of items such as toasty sandwiches, signature salads, soups, chili, and desserts. In select locations, breakfast offerings include breakfast sandwiches and steel-cut oatmeal.
Recent achievements and initiatives highlight Potbelly's commitment to growth and customer satisfaction. The company recently relaunched its loyalty program, Potbelly Perks, which now rewards members faster and offers more flexible reward redemptions. This program is part of Potbelly's broader digital innovation strategy, aiming to enhance customer engagement and boost sales.
Financially, Potbelly has shown resilience and strategic foresight. The company secured a new credit facility that significantly reduces interest rates compared to previous terms, expected to save approximately $2 million annually. This move strengthens Potbelly's financial position, providing the flexibility to pursue growth ambitions under its Five-Pillar Strategy.
Potbelly continues to expand its footprint through strategic franchise agreements. Recent deals are set to add 18 new shops, driven by existing franchisees expanding their commitments. This expansion is part of Potbelly's Franchise Growth Acceleration Initiative, which focuses on increasing average unit volumes and driving same-store sales growth through innovative store designs and a diverse menu.
For investors and stakeholders, Potbelly represents a steady growth opportunity within the fast-casual dining sector. The company's blend of unique dining experiences, strategic financial management, and aggressive expansion plans position it well for future success. Stay updated with the latest developments and financial results by visiting the investor relations section of the Potbelly website.
Potbelly Corporation (NASDAQ: PBPB) announced that it will release its third quarter 2021 financial results on November 3, 2021, after market close. A conference call for investors is scheduled for November 4, 2021, at 8:00 a.m. ET, hosted by CEO Bob Wright and CFO Steve Cirulis. Participants can join via dial-in or through a webcast on the company's investor relations page. An audio replay will be available from November 4 through November 11, 2021. Potbelly operates over 400 company-owned shops and more than 40 franchise locations across the U.S.
Potbelly Corporation (NASDAQ: PBPB) announced the launch of its new menu, introducing three new sandwiches and enhanced versions of customer favorites. The updated menu features a simplified design for easier ordering and three new sandwich sizes: Skinny, Original, and BIG. Highlights include the Avo Turkey, Steakhouse Beef, and Chicken Club sandwiches, along with increased meat and cheese in each sandwich. To celebrate, Potbelly Perks members can enjoy a free original sandwich with any purchase during September 2021.
Potbelly Corporation (NASDAQ: PBPB) has appointed David Daniels as its new Chief Marketing Officer, effective August 23, 2021. With over 20 years of experience in marketing for leading brands, Daniels will oversee the company's branding, marketing, and digital strategies. His previous roles include Senior Vice President of Marketing at The Food Hall Co. and marketing executive at Anheuser-Busch InBev and Pizza Hut. Potbelly aims to leverage Daniels' expertise to enhance brand awareness and support growth strategies.
Potbelly Corporation (NASDAQ: PBPB) reported strong financial results for Q2 2021, with total revenues rising by 24.9% to $97.5 million. The company achieved a second consecutive quarter of shop-level profitability, with same-store sales up 70.0% compared to Q1. The average unit volume grew by 23.8%. Notably, the loyalty program added 142,000 members, driving 18% of total sales. Despite a GAAP net loss of ($3.9 million), adjusted EBITDA improved to $1.9 million, reflecting strengthening unit economics and positive cash flow expected in the latter half of the year.
Potbelly Corporation (NASDAQ: PBPB) announces its unaudited financial results for the fiscal second quarter of 2021 will be released on August 5, 2021, before market opening. A conference call will follow at 8:00 a.m. Eastern Time to discuss the results, hosted by President and CEO Bob Wright and CFO Steve Cirulis. Interested parties can join the call via dial-in or webcast, with a replay available post-event. Potbelly has over 400 company-owned shops in the U.S., continuing to serve customers with warm sandwiches and friendly service.
Potbelly Corporation (NASDAQ: PBPB) has announced presentations at four upcoming investor conferences. These include the William Blair 41st Annual Growth Stock Conference on June 2, 2021, and the Piper Sandler Consumer Marketplace Conference on June 3, 2021. Additionally, they will present at the Stifel 2021 Virtual Cross Sector Insight Conference on June 10, 2021, and the Oppenheimer 21st Annual Consumer Growth and E-Commerce Conference on June 16, 2021. Live webcasts will be available on the company’s website, along with individual investor meetings at each event.
Potbelly Corporation has appointed Larry Strain as its new Chief Development Officer (CDO), effective immediately. Strain brings over 20 years of experience in retail development, including previous roles at McDonald's and Dunkin' Brands. Under his leadership, Potbelly aims to enhance its ‘Traffic-Driven’ Profitability Strategic Plan. Strain will oversee key development areas such as Corporate Development Services and Franchise Sales. Bob Wright, CEO, expressed confidence in Strain's ability to deliver sustainable growth and work closely with franchisees and company associates.
Potbelly Corporation (NASDAQ: PBPB) reported a strong first quarter performance for fiscal 2021, with total revenues of $78.1 million, up 4.3% from the previous quarter. Same-store sales improved to (3.1%) from (19.7%), indicating recovery momentum. Shop-level profitability exceeded expectations, contributing to the positive outlook of achieving cash flow positivity by Q3 2021. The company also reported a reduced GAAP net loss of ($14.5) million, with adjusted EBITDA improving slightly. Potbelly continues to focus on strategic initiatives to enhance profitability.
Potbelly Corporation (NASDAQ: PBPB) has announced that it will release its first quarter 2021 financial results on May 6, 2021, after market close. A conference call for investors will take place at 5:00 p.m. Eastern Time the same day, hosted by CEO Bob Wright and CFO Steve Cirulis. Investors can join via dial-in or webcast, with a replay available for later access. Potbelly has over 400 company-owned shops across the U.S. and has been serving customers for more than 40 years, emphasizing fresh and friendly service.
Potbelly Corporation (NASDAQ: PBPB) has appointed Scott Swayne as the new Chief People Officer, effective April 26, 2021. With over 25 years of HR experience, Swayne will lead the company’s Human Resources and People Team, focusing on talent acquisition and enhancing Potbelly's culture. CEO Bob Wright expressed confidence in Swayne’s ability to drive growth under the company’s 'Traffic-Driven' Profitability Strategic Plan. Swayne previously held senior HR roles at McCormick & Company and General Mills, bringing valuable experience in employee engagement and diversity.
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