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 (NASDAQ: PBPB) has announced a significant expansion in the Pacific Northwest through a new Shop Development Agreement (SDA) that will bring 14 new locations to Portland, Oregon. This expansion is part of Potbelly's strategic growth plan to strengthen its presence in key markets through franchising nationwide.
The agreement also includes commitments for further development in Seattle, Washington, and Salt Lake City, Utah, contributing to the brand's expansion across the western United States. Potbelly, known for its toasted sandwiches, hand-dipped shakes, and soups, is actively seeking multi-unit operators to join its franchise network, with opportunities available in select territories across Oregon, Washington, and Utah.
Potbelly (NASDAQ: PBPB) has scheduled its fourth quarter and full year 2024 financial results announcement for Thursday, March 6, 2025, after market close. The company will host a conference call at 5:00 p.m. Eastern Time, led by President and CEO Bob Wright and CFO Steve Cirulis.
The conference call will be accessible via phone (833-630-1088 U.S. & Canada, 412-317-1817 International) and webcast through the company's website. An audio replay will be available until March 13, 2025. Potbelly operates over 440 shops across the United States, including more than 90 franchised locations, specializing in toasted sandwiches, salads, and shakes.
Potbelly (NASDAQ: PBPB) has announced exclusive franchise opportunities across key Northern-Midwest-Appalachian markets. The company is offering ambitious business owners the chance to become sole developer/operators in Harrisburg/Lancaster/York/Erie, PA; Toledo/Akron OH; and Charleston, WV markets.
The opportunity allows franchisees to develop 4-6 trade areas and establish a dominant presence through multiple locations. The franchise package includes exclusive market ownership, access to Potbelly's proven business model, comprehensive support in site selection and marketing, and flexible shop formats including endcap, drive-thru, inline, and freestanding locations. A smaller, digital-centric prototype at 1,800 sq ft is also available.
Potbelly (NASDAQ: PBPB) has announced exclusive franchise opportunities in key Southern markets, offering ambitious business owners the chance to become sole developer/operators in Memphis, Knoxville, Chattanooga, Lexington, and Huntsville. Each market contains approximately 4-6 shop trade areas.
The initiative allows franchisees to establish a dominant presence through multiple locations while maintaining exclusive market control. The company offers flexible shop formats, including endcap, drive-thru, inline, and freestanding locations, plus a smaller 1,800 sq ft digital-centric prototype. Franchisees will receive comprehensive support in site selection, marketing, and operations.
Potbelly (NASDAQ: PBPB) has announced exclusive franchise opportunities across key Central U.S. markets, offering ambitious business owners the chance to be sole developer/operators in Omaha, Wichita, Colorado Springs, Provo, Killeen/Temple, and Albuquerque. Each market presents the opportunity to develop 4-6 trade areas.
The initiative allows franchisees to establish a dominant presence through multiple locations while maintaining exclusive market control. The company offers flexible shop formats, including endcap, drive-thru, inline, and freestanding locations, as well as a smaller 1,800 sq ft digital-centric prototype.
Franchisees will receive comprehensive support in site selection, marketing, and operational guidance. The expansion strategy emphasizes Potbelly's commitment to growth through its proven business model centered on sandwiches, soups, salads, and shakes.
Potbelly (NASDAQ: PBPB) announced preliminary results for the fourth fiscal quarter ending December 29, 2024. The company reported positive same store sales growth of 0.2% to 0.3%, surpassing previous guidance of -2.5% to -0.5%. Potbelly opened eight new shops during the quarter, falling slightly short of the 9-11 shops projected.
Adjusted EBITDA is estimated at $8.0M to $8.4M, exceeding the guidance range of $7.0M to $8.0M. CEO Bob Wright attributed the better-than-expected results to product innovation, digital marketing, and operational excellence. The company also expanded restaurant margins and improved corporate profitability, expecting a 10% adjusted EBITDA growth for the full year.
Potbelly added 30 new franchise shop commitments, bringing the total to 727 open and committed shops as of December 29, 2024. For 2025, the company has 38 new shop sites in various stages of development. Potbelly will be participating in the 27th Annual ICR Conference in Orlando, FL, on January 13-14, 2025, with a webcast available on their website.
Potbelly (NASDAQ: PBPB) has announced six new multi-unit development agreements that will add 32 new shops across Arizona, Illinois, Missouri, North Carolina, Texas, and Virginia. The agreements, signed since July, include an expanded partnership with founder Bryant Keil and align with the company's franchise-led growth strategy.
This expansion is part of Potbelly's long-term goal to reach 2,000 shops, with at least 85% being franchised locations. The company recently announced a separate agreement with Royal Restaurant Group to open 15 new shops in the Atlanta area, marking Potbelly's first entry into Georgia.
Potbelly (NASDAQ: PBPB) has announced its expansion into Georgia through a new multi-unit development agreement with Royal Restaurant Group. The agreement includes plans to open 15 Potbelly shops in the greater Atlanta region, with development starting in January 2026 and three shops opening annually thereafter. This follows a previous 40-shop agreement with Royal Restaurant Group from October 2023. The franchise partner currently operates four Potbelly shops and has extensive experience in the restaurant industry. This expansion aligns with Potbelly's long-term goal of reaching 2,000 shops with 85% being franchised locations.
Potbelly (NASDAQ: PBPB) reported mixed Q3 2024 financial results. While total revenues decreased 4.7% to $115.1 million and same-store sales declined 1.8%, profitability metrics showed improvement. GAAP net income rose 150% to $3.7 million, with EPS increasing to $0.12 from $0.05. The company opened eight new shops and secured 32 additional franchise commitments during the quarter. Franchise royalties grew 79.2% driven by a 30% increase in franchised units. For Q4 2024, Potbelly projects same-store sales growth between -2.5% and -0.5% with adjusted EBITDA of $7.0M to $8.0M.
Potbelly (NASDAQ: PBPB) has announced the date for the release of its third quarter 2024 financial results. The company will report its results on Thursday, November 7, 2024 after market close, followed by a conference call for investors at 5:00 p.m. Eastern Time on the same day.
The conference call will be hosted by Potbelly's President and CEO, Bob Wright, and CFO, Steve Cirulis. Investors can dial in using the numbers 833-630-1088 (U.S. & Canada) or 412-317-1817 (International). The call will also be webcast live from the company's corporate website. An audio replay will be available until November 14, 2024.
Potbelly is a neighborhood sandwich concept with over 425 shops in the United States, including more than 80 franchised locations.
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