Welcome to our dedicated page for Potbelly Corporation news (Ticker: PBPB), a resource for investors and traders seeking the latest updates and insights on Potbelly Corporation 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 a multi-unit development deal to open six new sandwich shops in Orlando, Florida over the next seven years. CEO Bob Wright expressed excitement for this franchising partnership with Sugarland Investment Group, aiming to expand Potbelly's reach. This initiative aligns with Potbelly's plan to reach 2,000 units, with 85% being franchised. The company also focuses on marketing innovations and operational enhancements through its Franchise Growth Acceleration Initiative.
On November 3, 2022, Potbelly (NASDAQ: PBPB) will celebrate National Sandwich Day by offering a buy one get one (BOGO) deal on Original-sized sandwiches. Customers can utilize the promo code BOGO online or through the Potbelly app to enjoy a free sandwich with every purchase. The event aims to attract both loyal fans and new customers, enhancing brand engagement. Additionally, customers can join the Potbelly Perks program for ongoing rewards. Potbelly operates over 400 company-owned shops across the United States.
Potbelly Corporation (NASDAQ: PBPB) will disclose its third quarter 2022 financial results on November 3, 2022, post-market close. The company will host a conference call at 5:00 p.m. ET featuring CEO Bob Wright and CFO Steve Cirulis to discuss the outcomes. Investors can access the live call and a subsequent replay. Established in 1977, Potbelly operates over 400 company-owned shops, offering a range of sandwiches and salads with a commitment to fresh service.
Potbelly (NASDAQ: PBPB) has reintroduced its popular Pastrami Sandwich for a limited time, starting October 3, 2022. The sandwich features spiced, smoked beef topped with Swiss cheese, pickles, and mustard, served toasted at 500 degrees. A special promotion for Potbelly Perks members on October 11 allows them to buy one Original Pastrami Sandwich and receive another sandwich for free. Customers can order the sandwich online or at local stores while supplies last. Potbelly continues to serve its signature products in over 440 shops across the U.S.
Potbelly Corporation rapidly expands its franchise network with two significant agreements signed for 19 new units in Florida and Illinois. This move is part of their Franchise Growth Acceleration Initiative, aiming to reach 2,000 units within the next decade, with a focus on franchised locations. The company has enlisted STA Management to open 14 units in the Tampa area and Rob Wilbern for five in Central Illinois. Potbelly emphasizes operational support and quality food, making it an attractive investment opportunity.
Potbelly Corporation (NASDAQ: PBPB) reported strong financial results for Q2 2022, achieving positive net income of $0.6 million, a significant improvement of $4.5 million compared to the prior year. Total revenues reached $116.0 million, up 18.9% year-over-year, with same-store sales rising by 17.2%. Adjusted EBITDA also saw an increase to $5.8 million. The company aims to maintain performance with a Q3 revenue forecast of $113 to $118 million and is optimistic about long-term growth, particularly in franchise development.
Potbelly Corporation (NASDAQ: PBPB) has announced the date for its second quarter 2022 financial results, set to be revealed on August 4, 2022, after market close. Following this, a conference call hosted by President and CEO Bob Wright and CFO Steve Cirulis will take place at 5:00 p.m. Eastern Time to discuss the results. The call can be accessed via a dedicated webcast link and will also be available for replay until August 11, 2022. Potbelly continues to serve its customers with a diverse menu since 1977, maintaining over 400 company-owned shops across the U.S.
Potbelly Corporation (NASDAQ: PBPB) announced that its CEO, Bob Wright, will present at the Jefferies Consumer Conference from June 20-22, 2022. The investor presentation will be accessible to all conference attendees and will also be available on Potbelly's website. With over 400 company-owned locations across the U.S., Potbelly has been serving warm sandwiches and fresh menu items for over 40 years, emphasizing quick and friendly service. The investor deck can be found under the 'Events and Presentations' section on their website.
Potbelly Corporation (NASDAQ: PBPB) announced today that CEO Bob Wright and CFO Steve Cirulis will present at two investor conferences. The presentations are scheduled for the Evercore Virtual ISI Consumer & Retail Conference on June 7, 2022, and the William Blair 42nd Annual Growth Stock Conference in Chicago on June 9, 2022, at 9:20 AM CT. Interested parties can access a live webcast of the William Blair presentation on Potbelly's Investor Relations page. Potbelly operates nearly 400 company-owned locations and over 40 franchise shops nationwide, offering a range of sandwiches and fresh menu items.
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