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 partnership with REEF, the largest operator of delivery restaurants in North America, marking a significant step in its Franchise Growth Acceleration Initiative. This collaboration aims to enhance accessibility and convenience for customers by expanding the availability of Potbelly’s menu through delivery kitchens. CEO Bob Wright expressed optimism about reaching long-term growth targets of 2,000 units in 8 to 10 years, and highlighted the importance of technology in improving digital customer experiences.
Potbelly Corporation (NASDAQ: PBPB) announced that its senior management will participate in the 22nd Annual B. Riley Securities Institutional Investor Conference on May 25, 2022, in Beverly Hills, California. CEO Bob Wright and CFO Steve Cirulis will engage in a fireside chat and hold one-on-one meetings with attending investors. The presentation deck will be available in the Investor Relations section of the company's website. Potbelly has been serving customers for over 40 years with around 400 company-owned shops and over 40 franchise locations in the U.S.
Potbelly Corporation (NASDAQ: PBPB) reported a robust first quarter for FY 2022, achieving a 24.4% increase in same-store sales (SSS) for the fourth consecutive quarter, driven by a 4.9% rise in same-store traffic. Total revenues surged 25.8% to $98.2 million, with improved operational loss reduced by $6.8 million. Despite a net loss of $7.9 million, adjusted EBITDA showed significant improvement, reaching ($2.3 million). The company is on track for record average unit volumes (AUVs) and low double-digit shop-level margins by year-end.
Potbelly Corporation (NASDAQ: PBPB) announced the release date for its first quarter 2022 financial results, set for May 5, 2022, after market close. A conference call will follow at 5:00 p.m. ET, featuring CEO Bob Wright and CFO Steve Cirulis to discuss these results. Investors can participate via dial-in or through a webcast available on their investor relations webpage. Audio replays will be accessible until May 12, 2022. Potbelly, known for its fresh sandwiches and salads, operates over 400 company-owned locations and more than 40 franchisee shops across the U.S.
Potbelly Corporation has announced the addition of two new members to its Board of Directors, David Pearson and Jill Sutton, enhancing its leadership amidst a strategic growth phase. Pearson, former CFO of Vonage, and Sutton, former Chief Legal Officer of United Natural Foods, bring extensive experience in finance and the restaurant sector. Their appointments expand the Board to 11 directors temporarily, ahead of the May 19, 2022, annual meeting. The company aims to leverage their expertise to execute a three-year strategic growth plan.
Potbelly Corporation (PBPB) announces the return of its popular Cubano sandwich starting April 4. Featuring hand-pulled roasted pork, smoked ham, Swiss cheese, brown deli mustard, and sliced pickle, this sandwich is oven toasted at 500 degrees. CMO David Daniels emphasizes the company's dedication to high-quality, freshly made sandwiches as part of their 2022 specialty sandwich lineup. The Cubano will be available at all locations while supplies last, and customers can order it in-store, online, or via the mobile app.
Potbelly Corporation (NASDAQ: PBPB) reported strong fiscal 2021 results, with total revenues up 37% to $102.8 million in Q4 and 30% to $380.1 million for the year. The company achieved positive same-store sales growth of +30.3% and improved adjusted EBITDA, marking the third consecutive quarter of positive results. Potbelly also outlined ambitious growth targets, aiming for 2,000 total units and a 10% annual unit growth rate by 2024. Despite ongoing inflationary pressures, the outlook for fiscal 2022 is positive, with expected record average unit volumes and double-digit same-store sales growth.
Potbelly Corporation (NASDAQ: PBPB) announced the upcoming release of its fourth quarter and full-year 2021 financial results on March 2, 2022, after market close. A conference call will be held on March 3, 2022, at 8:00 a.m. ET, led by President and CEO Bob Wright and CFO Steve Cirulis. The call will discuss financial outcomes and growth strategies for the company, which operates over 400 company-owned shops in the U.S. and maintains a commitment to providing quality food and service. More details can be found on their Investor Relations webpage.
Potbelly Corporation (NASDAQ: PBPB), the renowned neighborhood sandwich shop, announced participation in the Wolfe Research Global Consumer Growth Conference on December 15, 2021. CEO Bob Wright will engage in a panel discussion on the State of the Restaurant Industry, hosted by Fred Wrightman. The management team will also hold one-on-one meetings with investors at the event. Interested parties can find the presentation deck on Potbelly's Investor Relations website.
Founded in 1977 in Chicago, Potbelly operates approximately 400 company-owned shops and over 40 franchise locations across the U.S.
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