Potbelly Corpora - PBPB STOCK NEWS

Potbelly (NASDAQ: PBPB) has announced a new Shop Development Agreement (SDA) to expand its presence in Jackson, Mississippi. The agreement with franchisee Michael Wimberly will bring four new Potbelly locations to the Jackson market.

This expansion is part of Potbelly's strategic growth plan to extend its footprint through franchising across the United States. The company is actively seeking additional multi-unit operators for remaining territories in Mississippi and surrounding states.

The franchise agreement leverages Wimberly's business background to deliver Potbelly's signature sandwich shop experience to the Jackson community. Todd Owen, Sales Director at Potbelly Sandwich Works, expressed enthusiasm about the partnership, highlighting Wimberly's proven business success and community commitment.

Potbelly (NASDAQ: PBPB) has signed a new Shop Development Agreement to expand its presence in Phoenix, Arizona. The agreement involves franchisee Adam Warda, who will open five new Potbelly locations in the Phoenix area.

The expansion aligns with Potbelly's strategic growth plan to increase its footprint through franchising in Arizona and other key markets nationwide. Warda brings experience in business development, real estate, and is a Certified Public Accountant.

The new locations will feature Potbelly's signature warm atmosphere and fresh menu offerings, while creating new job opportunities in the Phoenix area. Specific location details and grand opening dates will be announced in the future.

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.