Potbelly Key Executives
This section highlights Potbelly's key executives, including their titles and compensation details.
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Potbelly Earnings
This section highlights Potbelly's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Last Earnings Results
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|---|---|---|---|---|
| Read Transcript | Q4 | 2024 | 2025-03-06 | $0.04 | $0.13 |
| Read Transcript | Q3 | 2024 | 2024-11-09 | N/A | N/A |
| Read Transcript | Q2 | 2024 | 2024-08-08 | $0.05 | $0.08 |
| Read Transcript | Q1 | 2024 | 2024-05-08 | $0.00 | $0.01 |
| Read Transcript | Q4 | 2023 | 2024-03-07 | $0.03 | $0.02 |
| Read Transcript | Q3 | 2023 | 2023-11-01 | $0.02 | $0.04 |
| Read Transcript | Q2 | 2023 | 2023-08-05 | N/A | N/A |
| Read Transcript | Q1 | 2023 | 2023-05-06 | N/A | N/A |
Potbelly Corporation, through its subsidiaries, owns, operates, and franchises Potbelly sandwich shops. As of December 26, 2021, it had 443 shops in 33 states and the District of Columbia, which included 397 shops and 46 franchisees operated shops. The company was formerly known as Potbelly Sandwich Works, Inc. and changed its name to Potbelly Corporation in 2002. Potbelly Corporation was founded in 1977 and is headquartered in Chicago, Illinois.
$9.52
Stock Price
$284.45M
Market Cap
5.00K
Employees
Chicago, IL
Location
Financial Statements
Access annual & quarterly financial statements for Potbelly, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 29, 2024 | December 31, 2023 | December 25, 2022 | December 26, 2021 | December 27, 2020 |
|---|---|---|---|---|---|
| Revenue | $462.60M | $491.41M | $451.97M | $380.05M | $291.28M |
| Cost of Revenue | $- | $329.36M | $325.78M | $285.95M | $244.28M |
| Gross Profit | $462.60M | $162.05M | $126.19M | $94.10M | $47.00M |
| Gross Profit Ratio | 100.00% | 33.00% | 27.92% | 24.80% | 16.14% |
| Research and Development Expenses | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $46.97M | $48.50M | $37.74M | $33.29M | $35.01M |
| Selling and Marketing Expenses | $11.49M | $5.74M | $694.00K | $3.00M | $155.00K |
| Selling General and Administrative Expenses | $58.45M | $54.24M | $38.44M | $36.29M | $35.01M |
| Other Expenses | $393.15M | $97.81M | $86.81M | $75.17M | $69.11M |
| Operating Expenses | $451.61M | $152.05M | $125.24M | $111.46M | $104.12M |
| Cost and Expenses | $451.61M | $481.40M | $451.02M | $397.42M | $348.40M |
| Interest Income | $- | $- | $1.35M | $963.00K | $1.08M |
| Interest Expense | $829.00K | $3.28M | $1.35M | $963.00K | $1.08M |
| Depreciation and Amortization | $12.67M | $12.14M | $37.68M | $41.77M | $46.41M |
| EBITDA | $21.29M | $21.90M | $44.07M | $-1.45M | $-37.29M |
| EBITDA Ratio | 4.60% | 4.46% | 2.84% | -0.38% | -12.80% |
| Operating Income | $10.99M | $10.01M | $950.00K | $-17.36M | $-57.12M |
| Operating Income Ratio | 2.38% | 2.04% | 0.21% | -4.57% | -19.61% |
| Total Other Income Expenses Net | $-3.21M | $-3.52M | $8.84M | $-963.00K | $-1.08M |
| Income Before Tax | $7.79M | $6.49M | $5.04M | $-23.45M | $-72.21M |
| Income Before Tax Ratio | 1.68% | 1.32% | 1.11% | -6.17% | -24.79% |
| Income Tax Expense | $-33.55M | $909.00K | $327.00K | $172.00K | $-6.54M |
| Net Income | $40.29M | $5.12M | $4.34M | $-23.62M | $-65.67M |
| Net Income Ratio | 8.71% | 1.04% | 0.96% | -6.22% | -22.55% |
| EPS | $1.35 | $0.18 | $0.15 | $-0.85 | $-2.75 |
| EPS Diluted | $1.31 | $0.17 | $0.15 | $-0.85 | $-2.75 |
| Weighted Average Shares Outstanding | 29.84M | 29.20M | 28.62M | 27.64M | 23.90M |
| Weighted Average Shares Outstanding Diluted | 30.72M | 30.09M | 29.07M | 27.64M | 23.90M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | December 29, 2024 | September 29, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 24, 2023 | June 25, 2023 | March 26, 2023 | December 25, 2022 | September 25, 2022 | June 26, 2022 | March 27, 2022 | December 26, 2021 | September 26, 2021 | June 27, 2021 | March 28, 2021 | December 27, 2020 | September 27, 2020 | June 28, 2020 | March 29, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $116.63M | $115.12M | $119.70M | $111.15M | $125.75M | $120.77M | $126.62M | $118.27M | $120.15M | $117.65M | $115.95M | $98.22M | $102.80M | $101.69M | $97.49M | $78.06M | $74.87M | $72.66M | $56.16M | $87.59M |
| Cost of Revenue | $77.66M | $64.72M | $100.44M | $96.08M | $77.97M | $81.30M | $85.85M | $83.02M | $83.86M | $84.52M | $104.91M | $74.53M | $75.66M | $74.75M | $71.86M | $63.68M | $61.60M | $60.43M | $52.64M | $69.60M |
| Gross Profit | $38.97M | $50.40M | $19.25M | $15.08M | $47.78M | $39.47M | $40.77M | $35.25M | $36.30M | $33.13M | $11.04M | $23.70M | $27.14M | $26.95M | $25.63M | $14.38M | $13.26M | $12.23M | $3.52M | $17.99M |
| Gross Profit Ratio | 33.41% | 43.80% | 16.10% | 13.60% | 38.00% | 32.70% | 32.20% | 29.80% | 30.20% | 28.20% | 9.50% | 24.10% | 26.40% | 26.50% | 26.30% | 18.40% | 17.72% | 16.83% | 6.27% | 20.54% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $12.96M | $10.60M | $11.87M | $11.55M | $20.68M | $11.89M | $12.91M | $9.97M | $10.84M | $9.55M | $8.95M | $8.52M | $9.01M | $7.61M | $9.24M | $7.42M | $6.92M | $9.82M | $8.16M | $10.73M |
| Selling and Marketing Expenses | $3.15M | $2.79M | $3.00M | $2.54M | $2.38M | $1.55M | $1.22M | $- | $694.00K | $- | $-900.00K | $120.00K | $1.26M | $896.00K | $384.00K | $460.00K | $- | $233.00K | $120.00K | $441.00K |
| Selling General and Administrative Expenses | $16.11M | $13.39M | $14.87M | $14.08M | $20.68M | $11.89M | $12.91M | $9.97M | $11.54M | $9.55M | $8.05M | $8.52M | $10.27M | $8.51M | $9.62M | $7.88M | $6.92M | $9.82M | $8.16M | $10.73M |
| Other Expenses | $20.36M | $32.76M | $34.45M | $32.41M | $-24.43M | $- | $- | $25.47M | $21.51M | $- | $- | $21.24M | $18.49M | $19.92M | $19.25M | $17.51M | $18.06M | $16.82M | $15.95M | $18.29M |
| Operating Expenses | $36.47M | $46.15M | $14.87M | $14.08M | $45.59M | $36.38M | $36.77M | $35.44M | $33.05M | $32.22M | $8.05M | $29.76M | $28.77M | $28.43M | $28.87M | $25.39M | $24.97M | $26.65M | $24.11M | $29.02M |
| Cost and Expenses | $114.12M | $110.87M | $115.31M | $110.16M | $123.56M | $117.68M | $122.62M | $118.46M | $116.91M | $116.74M | $112.97M | $104.28M | $104.42M | $103.18M | $100.74M | $89.07M | $86.58M | $87.08M | $76.75M | $98.62M |
| Interest Income | $- | $- | $- | $- | $- | $853.00K | $1.01M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Interest Expense | $122.00K | $162.00K | $181.00K | $364.00K | $750.00K | $853.00K | $1.01M | $667.00K | $312.00K | $354.00K | $357.00K | $327.00K | $250.00K | $241.00K | $185.00K | $288.00K | $346.00K | $268.00K | $388.00K | $74.00K |
| Depreciation and Amortization | $- | $- | $3.02M | $3.01M | $3.24M | $3.04M | $9.15M | $2.97M | $2.80M | $2.92M | $9.56M | $9.62M | $10.23M | $10.15M | $10.93M | $10.46M | $4.72M | $4.70M | $4.96M | $5.46M |
| EBITDA | $2.50M | $4.25M | $7.40M | $753.00K | $7.46M | $5.67M | $12.49M | $2.54M | $6.05M | $3.83M | $1.04M | $-2.93M | $1.32M | $1.01M | $1.05M | $-6.84M | $-11.40M | $-11.44M | $-15.47M | $-11.53M |
| EBITDA Ratio | 2.15% | 3.69% | 6.19% | 3.60% | 4.31% | 5.08% | 5.44% | 2.15% | 5.03% | 3.26% | 10.82% | -2.98% | 1.90% | 2.09% | 1.34% | -8.76% | -9.34% | -13.37% | -27.84% | -6.36% |
| Operating Income | $2.50M | $4.25M | $4.39M | $992.00K | $4.22M | $2.63M | $3.34M | $-193.00K | $3.25M | $-705.00K | $2.98M | $-6.06M | $-2.25M | $-2.60M | $-3.50M | $-14.13M | $-16.12M | $-16.14M | $-21.89M | $-16.98M |
| Operating Income Ratio | 2.15% | 3.69% | 3.67% | 0.89% | 3.36% | 2.18% | 2.64% | -0.16% | 2.70% | -0.60% | 2.57% | -6.17% | -2.19% | -2.56% | -3.59% | -18.10% | -21.53% | -22.21% | -38.97% | -19.39% |
| Total Other Income Expenses Net | $-122.00K | $-162.00K | $-181.00K | $-2.74M | $-750.00K | $-853.00K | $-1.01M | $-906.00K | $-312.00K | $9.84M | $-2.30M | $-327.00K | $-249.00K | $-241.00K | $-185.00K | $-288.00K | $-346.00K | $-268.00K | $-388.00K | $-74.00K |
| Income Before Tax | $2.38M | $4.09M | $3.94M | $-2.62M | $3.48M | $1.78M | $2.33M | $-1.10M | $2.93M | $9.13M | $684.00K | $-7.71M | $-2.50M | $-2.84M | $-3.69M | $-14.42M | $-16.47M | $-16.41M | $-22.27M | $-17.06M |
| Income Before Tax Ratio | 2.04% | 3.55% | 3.29% | -2.36% | 2.76% | 1.47% | 1.84% | -0.93% | 2.44% | 7.76% | 0.59% | -7.85% | -2.43% | -2.80% | -3.78% | -18.47% | -22.00% | -22.58% | -39.66% | -19.48% |
| Income Tax Expense | $-2.62M | $11.00K | $-30.98M | $51.00K | $723.00K | $129.00K | $-48.00K | $105.00K | $179.00K | $-4.00K | $-24.00K | $177.00K | $-57.00K | $16.00K | $160.00K | $53.00K | $49.00K | $-2.92M | $41.00K | $-3.71M |
| Net Income | $4.61M | $3.73M | $34.71M | $-2.77M | $2.74M | $1.50M | $2.22M | $-1.33M | $2.65M | $9.03M | $574.00K | $-7.89M | $-2.48M | $-2.95M | $-3.88M | $-14.47M | $-16.43M | $-13.41M | $-22.22M | $-13.34M |
| Net Income Ratio | 3.96% | 3.24% | 29.00% | -2.49% | 2.18% | 1.24% | 1.75% | -1.12% | 2.21% | 7.67% | 0.50% | -8.03% | -2.42% | -2.90% | -3.98% | -18.54% | -21.94% | -18.46% | -39.56% | -15.23% |
| EPS | $0.15 | $0.12 | $1.16 | $-0.09 | $0.09 | $0.05 | $0.08 | $-0.05 | $0.09 | $0.31 | $0.02 | $-0.28 | $-0.09 | $-0.10 | $-0.14 | $-0.56 | $-0.68 | $-0.56 | $-0.93 | $-0.56 |
| EPS Diluted | $0.15 | $0.12 | $1.13 | $-0.09 | $0.09 | $0.05 | $0.07 | $-0.05 | $0.09 | $0.31 | $0.02 | $-0.28 | $-0.09 | $-0.10 | $-0.14 | $-0.56 | $-0.68 | $-0.56 | $-0.93 | $-0.56 |
| Weighted Average Shares Outstanding | 29.94M | 29.94M | 29.93M | 29.55M | 29.36M | 29.32M | 29.20M | 28.91M | 28.81M | 28.73M | 28.57M | 28.26M | 28.37M | 28.26M | 27.72M | 25.84M | 24.15M | 23.95M | 23.77M | 23.65M |
| Weighted Average Shares Outstanding Diluted | 30.65M | 30.38M | 30.71M | 29.55M | 30.19M | 30.03M | 30.09M | 28.91M | 28.94M | 28.87M | 29.12M | 28.40M | 28.37M | 28.26M | 27.98M | 25.94M | 24.22M | 23.96M | 23.77M | 23.65M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 29, 2024 | December 31, 2023 | December 25, 2022 | December 26, 2021 | December 27, 2020 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $11.66M | $33.79M | $15.62M | $14.35M | $11.13M |
| Short Term Investments | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $11.66M | $33.79M | $15.62M | $14.35M | $11.13M |
| Net Receivables | $9.77M | $7.96M | $6.42M | $6.03M | $4.35M |
| Inventory | $3.74M | $3.52M | $3.99M | $3.49M | $2.99M |
| Other Current Assets | $8.03M | $7.83M | $4.50M | $8.36M | $9.68M |
| Total Current Assets | $33.20M | $53.09M | $30.53M | $28.05M | $23.31M |
| Property Plant Equipment Net | $183.74M | $189.48M | $205.37M | $215.89M | $250.33M |
| Goodwill | $2.05M | $2.06M | $2.22M | $2.22M | $2.22M |
| Intangible Assets | $3.40M | $3.40M | $3.40M | $3.40M | $3.40M |
| Goodwill and Intangible Assets | $5.45M | $5.46M | $5.63M | $5.63M | $5.63M |
| Long Term Investments | $- | $- | $- | $- | $- |
| Tax Assets | $33.82M | $- | $- | $- | $- |
| Other Non-Current Assets | $6.94M | $4.43M | $3.65M | $3.67M | $4.09M |
| Total Non-Current Assets | $229.94M | $199.37M | $214.64M | $225.18M | $260.05M |
| Other Assets | $- | $- | $- | $- | $- |
| Total Assets | $263.15M | $252.46M | $245.17M | $253.24M | $283.36M |
| Account Payables | $9.55M | $9.93M | $10.72M | $8.14M | $6.21M |
| Short Term Debt | $22.81M | $25.77M | $54.79M | $59.43M | $70.98M |
| Tax Payables | $1.32M | $2.13M | $1.73M | $2.22M | $1.55M |
| Deferred Revenue | $- | $8.03M | $3.35M | $2.79M | $3.36M |
| Other Current Liabilities | $31.55M | $25.21M | $1.70M | $91.00K | $-13.13M |
| Total Current Liabilities | $65.23M | $71.08M | $68.94M | $69.88M | $65.61M |
| Long Term Debt | $127.93M | $161.22M | $169.52M | $183.81M | $205.10M |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $12.04M | $6.07M | $2.44M | $1.97M | $7.16M |
| Total Non-Current Liabilities | $139.97M | $167.29M | $171.96M | $185.77M | $212.26M |
| Other Liabilities | $- | $- | $- | $- | $- |
| Total Liabilities | $205.20M | $238.37M | $240.90M | $255.65M | $277.86M |
| Preferred Stock | $- | $- | $- | $- | $- |
| Common Stock | $398.00K | $389.00K | $384.00K | $380.00K | $339.00K |
| Retained Earnings | $-293.50M | $-333.80M | $-338.92M | $-343.26M | $-319.48M |
| Accumulated Other Comprehensive Income Loss | $- | $- | $2.57M | $2.57M | $-0 |
| Other Total Stockholders Equity | $351.49M | $348.10M | $340.44M | $337.99M | $324.91M |
| Total Stockholders Equity | $58.39M | $14.69M | $4.27M | $-2.42M | $5.77M |
| Total Equity | $57.95M | $14.09M | $4.07M | $-2.51M | $5.50M |
| Total Liabilities and Stockholders Equity | $263.15M | $252.46M | $245.17M | $253.24M | $283.36M |
| Minority Interest | $-439.00K | $-600.00K | $-204.00K | $-95.00K | $-275.00K |
| Total Liabilities and Total Equity | $263.15M | $252.46M | $245.17M | $253.24M | $283.36M |
| Total Investments | $- | $749.00K | $- | $- | $- |
| Total Debt | $150.74M | $186.99M | $196.91M | $214.69M | $240.76M |
| Net Debt | $139.07M | $153.21M | $181.29M | $200.34M | $229.63M |
Balance Sheet Charts
| Breakdown | December 29, 2024 | September 29, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 24, 2023 | June 25, 2023 | March 26, 2023 | December 25, 2022 | September 25, 2022 | June 26, 2022 | March 27, 2022 | December 26, 2021 | September 26, 2021 | June 27, 2021 | March 28, 2021 | December 27, 2020 | September 27, 2020 | June 28, 2020 | March 29, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $11.66M | $11.20M | $8.32M | $12.72M | $33.79M | $30.94M | $34.26M | $25.60M | $15.62M | $9.51M | $14.66M | $9.49M | $14.35M | $9.84M | $11.84M | $11.51M | $11.13M | $23.41M | $29.09M | $45.82M |
| Short Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $11.66M | $11.20M | $8.32M | $12.72M | $33.79M | $30.94M | $34.26M | $25.60M | $15.62M | $9.51M | $14.66M | $9.49M | $14.35M | $9.84M | $11.84M | $11.51M | $11.13M | $23.41M | $29.09M | $45.82M |
| Net Receivables | $9.77M | $10.04M | $8.97M | $8.38M | $7.96M | $7.90M | $8.28M | $7.26M | $6.42M | $8.32M | $7.41M | $7.15M | $6.03M | $5.73M | $6.56M | $4.64M | $4.35M | $4.58M | $3.36M | $2.65M |
| Inventory | $3.74M | $3.51M | $3.35M | $3.56M | $3.52M | $3.58M | $3.53M | $3.54M | $3.99M | $3.66M | $3.61M | $3.31M | $3.49M | $3.19M | $2.97M | $2.68M | $2.99M | $2.72M | $2.82M | $3.25M |
| Other Current Assets | $8.03M | $7.08M | $7.45M | $15.12M | $7.83M | $5.64M | $6.35M | $5.57M | $4.50M | $8.45M | $7.77M | $8.46M | $8.36M | $8.70M | $8.54M | $9.03M | $9.68M | $10.74M | $16.90M | $16.91M |
| Total Current Assets | $33.20M | $31.84M | $28.09M | $32.31M | $53.09M | $48.06M | $52.42M | $41.97M | $30.53M | $25.71M | $29.56M | $24.18M | $28.05M | $23.11M | $25.63M | $23.34M | $23.31M | $36.08M | $43.72M | $60.17M |
| Property Plant Equipment Net | $183.74M | $183.50M | $183.93M | $183.68M | $189.48M | $193.48M | $194.81M | $199.35M | $205.37M | $206.75M | $207.11M | $208.92M | $215.89M | $223.92M | $229.69M | $236.84M | $250.33M | $260.92M | $273.62M | $281.25M |
| Goodwill | $2.05M | $2.05M | $2.05M | $2.05M | $2.06M | $2.12M | $2.12M | $2.12M | $2.22M | $2.22M | $2.22M | $2.22M | $2.22M | $2.22M | $2.22M | $2.22M | $2.22M | $2.22M | $2.22M | $2.22M |
| Intangible Assets | $3.40M | $3.40M | $3.40M | $3.40M | $3.40M | $3.40M | $3.40M | $3.40M | $3.40M | $3.40M | $3.40M | $3.40M | $3.40M | $3.40M | $3.40M | $3.40M | $3.40M | $3.40M | $3.40M | $3.40M |
| Goodwill and Intangible Assets | $5.45M | $5.46M | $5.46M | $5.46M | $5.46M | $5.53M | $5.53M | $5.53M | $5.63M | $5.63M | $5.63M | $5.63M | $5.63M | $5.63M | $5.63M | $5.63M | $5.63M | $5.63M | $5.63M | $5.63M |
| Long Term Investments | $- | $- | $749.00K | $749.00K | $749.00K | $749.00K | $749.00K | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Tax Assets | $33.82M | $31.20M | $30.98M | $-1 | $-749.00K | $-749.00K | $-749.00K | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $6.94M | $6.66M | $5.41M | $5.27M | $4.43M | $4.21M | $4.12M | $4.04M | $3.65M | $3.47M | $3.47M | $3.63M | $3.67M | $4.11M | $4.19M | $4.21M | $4.09M | $4.18M | $4.30M | $4.03M |
| Total Non-Current Assets | $229.94M | $226.81M | $226.52M | $195.15M | $199.37M | $203.22M | $204.46M | $208.92M | $214.64M | $215.85M | $216.20M | $218.17M | $225.18M | $233.65M | $239.50M | $246.68M | $260.05M | $270.73M | $283.55M | $290.90M |
| Other Assets | $- | $- | $- | $2 | $1.00K | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $263.15M | $258.65M | $254.61M | $227.46M | $252.46M | $251.28M | $256.87M | $250.89M | $245.17M | $241.56M | $245.77M | $242.35M | $253.24M | $256.76M | $265.13M | $270.02M | $283.36M | $306.80M | $327.27M | $351.07M |
| Account Payables | $9.55M | $8.26M | $9.22M | $9.97M | $9.93M | $8.96M | $9.75M | $10.41M | $10.72M | $10.23M | $8.87M | $9.23M | $8.14M | $5.45M | $6.94M | $6.50M | $6.21M | $5.43M | $6.69M | $3.38M |
| Short Term Debt | $22.81M | $23.49M | $47.08M | $8.31M | $50.30M | $28.79M | $28.79M | $28.53M | $27.39M | $56.13M | $58.74M | $58.37M | $59.43M | $32.76M | $64.35M | $32.93M | $35.66M | $70.87M | $77.31M | $69.49M |
| Tax Payables | $1.32M | $- | $- | $- | $2.13M | $- | $- | $- | $1.73M | $- | $- | $- | $2.22M | $- | $- | $- | $1.55M | $- | $171.00K | $171.00K |
| Deferred Revenue | $- | $- | $8.23M | $8.08M | $4.06M | $6.28M | $6.63M | $- | $3.35M | $- | $6.22M | $- | $2.79M | $- | $- | $- | $3.36M | $- | $- | $- |
| Other Current Liabilities | $31.55M | $33.66M | $6.61M | $24.91M | $8.72M | $25.83M | $29.01M | $26.86M | $25.75M | $241.00K | $4.21M | $-1.35M | $91.00K | $29.52M | $1.84M | $25.57M | $20.70M | $-15.43M | $-20.61M | $15.66M |
| Total Current Liabilities | $65.23M | $65.41M | $62.90M | $67.42M | $71.08M | $69.85M | $74.17M | $65.81M | $68.94M | $66.60M | $71.82M | $66.26M | $69.88M | $67.73M | $73.12M | $65.00M | $65.61M | $60.87M | $63.56M | $88.69M |
| Long Term Debt | $127.93M | $133.44M | $137.22M | $139.77M | $161.22M | $167.33M | $171.27M | $177.72M | $169.52M | $172.20M | $180.91M | $184.16M | $183.81M | $184.56M | $184.67M | $193.66M | $205.10M | $218.07M | $224.84M | $202.90M |
| Deferred Revenue Non-Current | $- | $- | $5.70M | $5.32M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $133.22M | $134.77M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $12.04M | $7.27M | $6.78M | $1.30M | $6.07M | $4.44M | $4.22M | $3.00M | $2.44M | $1.84M | $1.92M | $1.95M | $1.97M | $4.72M | $4.81M | $5.07M | $7.16M | $5.78M | $4.22M | $3.27M |
| Total Non-Current Liabilities | $139.97M | $140.71M | $144.00M | $146.38M | $167.29M | $171.77M | $175.50M | $180.73M | $171.96M | $174.04M | $182.83M | $186.12M | $185.77M | $189.28M | $189.48M | $198.72M | $212.26M | $223.84M | $229.06M | $206.18M |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $205.20M | $206.12M | $206.91M | $213.80M | $238.37M | $241.62M | $249.67M | $246.53M | $240.90M | $240.65M | $254.65M | $252.38M | $255.65M | $257.01M | $262.60M | $263.73M | $277.86M | $284.71M | $292.62M | $294.87M |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $1 | $- | $- |
| Common Stock | $398.00K | $398.00K | $397.00K | $394.00K | $389.00K | $389.00K | $389.00K | $386.00K | $384.00K | $384.00K | $383.00K | $381.00K | $380.00K | $380.00K | $378.00K | $372.00K | $339.00K | $338.00K | $334.00K | $331.00K |
| Retained Earnings | $-293.50M | $-298.12M | $-301.85M | $-336.56M | $-333.80M | $-336.53M | $-338.03M | $-340.24M | $-338.92M | $-341.57M | $-350.60M | $-351.17M | $-343.26M | $-340.78M | $-337.83M | $-333.95M | $-319.48M | $-303.05M | $-289.64M | $-267.42M |
| Accumulated Other Comprehensive Income Loss | $- | $- | $1.75M | $1.75M | $2.22M | $2.22M | $2.22M | $- | $- | $- | $2.57M | $2.57M | $2.57M | $2.57M | $2.57M | $2.57M | $-0 | $0 | $- | $0 |
| Other Total Stockholders Equity | $351.49M | $350.59M | $348.01M | $348.77M | $345.88M | $343.90M | $342.85M | $344.45M | $343.01M | $342.25M | $341.45M | $340.95M | $337.99M | $337.60M | $337.52M | $337.44M | $324.91M | $324.87M | $323.78M | $323.02M |
| Total Stockholders Equity | $58.39M | $52.87M | $48.30M | $14.34M | $14.69M | $9.98M | $7.43M | $4.59M | $4.48M | $1.06M | $-8.77M | $-9.84M | $-2.42M | $-230.00K | $2.64M | $6.43M | $5.77M | $22.16M | $34.48M | $55.93M |
| Total Equity | $57.95M | $52.53M | $47.70M | $13.66M | $14.09M | $9.66M | $7.20M | $4.36M | $4.27M | $909.00K | $-8.88M | $-10.03M | $-2.51M | $-250.00K | $2.53M | $6.29M | $5.50M | $22.09M | $34.65M | $56.20M |
| Total Liabilities and Stockholders Equity | $263.15M | $258.65M | $254.61M | $227.46M | $252.46M | $251.28M | $256.87M | $250.89M | $245.17M | $241.56M | $245.77M | $242.35M | $253.24M | $256.76M | $265.13M | $270.02M | $283.36M | $306.80M | $327.27M | $351.07M |
| Minority Interest | $-439.00K | $-346.00K | $-600.00K | $-685.00K | $-600.00K | $-322.00K | $-234.00K | $-233.00K | $-204.00K | $-151.00K | $-111.00K | $-189.00K | $-95.00K | $-20.00K | $-108.00K | $-141.00K | $-275.00K | $-71.00K | $178.00K | $278.00K |
| Total Liabilities and Total Equity | $263.15M | $258.65M | $254.61M | $227.46M | $252.46M | $251.28M | $256.87M | $250.89M | $245.17M | $241.56M | $245.77M | $242.35M | $253.24M | $256.76M | $265.13M | $270.02M | $283.36M | $306.80M | $327.27M | $351.07M |
| Total Investments | $- | $- | $749.00K | $749.00K | $749.00K | $749.00K | $749.00K | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Debt | $150.74M | $156.94M | $160.76M | $164.23M | $186.99M | $196.12M | $200.06M | $206.25M | $196.91M | $200.27M | $211.95M | $214.77M | $214.69M | $217.32M | $217.51M | $226.59M | $240.76M | $253.50M | $263.49M | $272.39M |
| Net Debt | $139.07M | $145.74M | $152.44M | $151.51M | $153.21M | $165.18M | $165.80M | $180.66M | $181.29M | $190.76M | $197.29M | $205.28M | $200.34M | $207.48M | $205.68M | $215.08M | $229.63M | $230.09M | $234.40M | $226.57M |
Annual Cash Flow
| Breakdown | December 29, 2024 | December 31, 2023 | December 25, 2022 | December 26, 2021 | December 27, 2020 |
|---|---|---|---|---|---|
| Net Income | $41.33M | $5.58M | $4.71M | $-23.62M | $-65.67M |
| Depreciation and Amortization | $12.67M | $12.14M | $11.89M | $15.91M | $19.83M |
| Deferred Income Tax | $-34.09M | $- | $18.00K | $18.00K | $10.00K |
| Stock Based Compensation | $5.73M | $5.45M | $3.27M | $2.14M | $2.52M |
| Change in Working Capital | $- | $-29.05M | $-26.93M | $-30.05M | $-5.03M |
| Accounts Receivables | $-1.83M | $-1.58M | $-387.00K | $-1.68M | $-35.00K |
| Inventory | $-269.00K | $177.00K | $-499.00K | $-502.00K | $484.00K |
| Accounts Payables | $-622.00K | $-1.02M | $2.24M | $326.00K | $2.46M |
| Other Working Capital | $- | $-26.62M | $-28.28M | $-28.19M | $-7.94M |
| Other Non Cash Items | $-5.97M | $25.38M | $19.52M | $30.73M | $36.74M |
| Net Cash Provided by Operating Activities | $19.66M | $19.49M | $12.48M | $-4.87M | $-11.61M |
| Investments in Property Plant and Equipment | $-19.28M | $-17.05M | $-8.43M | $-9.05M | $-10.92M |
| Acquisitions Net | $- | $6.28M | $- | $208.00K | $143.00K |
| Purchases of Investments | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- |
| Other Investing Activities | $202.00K | $- | $- | $-208.00K | $-143.00K |
| Net Cash Used for Investing Activities | $-19.08M | $-10.77M | $-8.43M | $-9.05M | $-10.92M |
| Debt Repayment | $-18.83M | $13.61M | $-1.30M | $3.56M | $16.29M |
| Common Stock Issued | $- | $961.00K | $- | $14.84M | $- |
| Common Stock Repurchased | $-1.39M | $- | $-813.00K | $- | $-584.00K |
| Dividends Paid | $- | $- | $- | $- | $- |
| Other Financing Activities | $-2.42M | $-4.37M | $-1.48M | $-1.25M | $-853.00K |
| Net Cash Used Provided by Financing Activities | $-22.64M | $10.20M | $-2.78M | $17.15M | $14.85M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- |
| Net Change in Cash | $-22.06M | $18.92M | $1.27M | $3.23M | $-7.68M |
| Cash at End of Period | $12.48M | $34.54M | $15.62M | $14.35M | $11.13M |
| Cash at Beginning of Period | $34.54M | $15.62M | $14.35M | $11.13M | $18.81M |
| Operating Cash Flow | $19.66M | $19.49M | $12.48M | $-4.87M | $-11.61M |
| Capital Expenditure | $-19.28M | $-17.05M | $-8.43M | $-9.05M | $-10.92M |
| Free Cash Flow | $379.00K | $2.44M | $4.05M | $-13.92M | $-22.53M |
Cash Flow Charts
| Breakdown | December 29, 2024 | September 29, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 24, 2023 | June 25, 2023 | March 26, 2023 | December 25, 2022 | September 25, 2022 | June 26, 2022 | March 27, 2022 | December 26, 2021 | September 26, 2021 | June 27, 2021 | March 28, 2021 | December 27, 2020 | September 27, 2020 | June 28, 2020 | March 29, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $5.01M | $4.08M | $34.71M | $-2.77M | $2.75M | $1.65M | $2.38M | $-1.33M | $2.65M | $9.14M | $574.00K | $-7.89M | $-2.44M | $-2.86M | $-3.85M | $-14.47M | $-16.52M | $-13.49M | $-22.32M | $-13.35M |
| Depreciation and Amortization | $3.41M | $3.24M | $3.02M | $3.01M | $3.24M | $3.04M | $2.89M | $2.97M | $2.80M | $2.92M | $9.56M | $3.14M | $3.57M | $3.61M | $4.55M | $4.17M | $4.72M | $4.70M | $4.96M | $5.46M |
| Deferred Income Tax | $-2.62M | $-225.00K | $-31.25M | $1.00K | $82.00K | $-1.00K | $-82.00K | $1.00K | $4.00K | $5.00K | $4.00K | $5.00K | $4.00K | $5.00K | $4.00K | $5.00K | $-4.00K | $5.00K | $4.00K | $5.00K |
| Stock Based Compensation | $1.40M | $1.14M | $- | $1.77M | $2.04M | $1.19M | $1.30M | $911.00K | $819.00K | $951.00K | $820.00K | $675.00K | $649.00K | $640.00K | $655.00K | $193.00K | $35.00K | $1.61M | $382.00K | $490.00K |
| Change in Working Capital | $-5.74M | $-5.43M | $-11.40M | $-10.67M | $-7.20M | $-9.89M | $-413.00K | $-11.55M | $-937.00K | $-11.96M | $-2.50M | $-11.54M | $-6.88M | $-10.81M | $-3.65M | $-8.71M | $765.00K | $-2.74M | $10.91M | $-13.97M |
| Accounts Receivables | $281.00K | $-1.07M | $- | $-441.00K | $-81.00K | $363.00K | $-1.01M | $-847.00K | $1.90M | $-907.00K | $-263.00K | $-1.12M | $-299.00K | $824.00K | $-1.92M | $-282.00K | $246.00K | $-1.22M | $-683.00K | $1.62M |
| Inventory | $-281.00K | $-157.00K | $202.00K | $-33.00K | $-50.00K | $-54.00K | $7.00K | $274.00K | $-330.00K | $-48.00K | $-307.00K | $186.00K | $-305.00K | $-216.00K | $-287.00K | $306.00K | $-265.00K | $99.00K | $422.00K | $228.00K |
| Accounts Payables | $1.69M | $-1.79M | $-371.00K | $-151.00K | $994.00K | $-797.00K | $-715.00K | $-507.00K | $887.00K | $897.00K | $-584.00K | $1.04M | $1.46M | $-1.32M | $-37.00K | $228.00K | $540.00K | $-1.39M | $4.08M | $-767.00K |
| Other Working Capital | $-7.43M | $-2.41M | $-11.23M | $-10.04M | $-8.06M | $-9.40M | $1.31M | $-10.47M | $-3.39M | $- | $-1.34M | $-11.65M | $-7.73M | $-10.10M | $-1.41M | $-8.96M | $244.00K | $-230.00K | $7.09M | $-15.05M |
| Other Non Cash Items | $5.14M | $6.41M | $8.08M | $17.76M | $4.08M | $6.48M | $6.60M | $8.34M | $6.12M | $6.56M | $22.35M | $7.87M | $7.36M | $7.73M | $6.53M | $9.11M | $7.14M | $7.10M | $8.96M | $13.55M |
| Net Cash Provided by Operating Activities | $6.60M | $9.21M | $3.16M | $693.00K | $4.99M | $2.48M | $12.68M | $-657.00K | $11.46M | $-960.00K | $9.72M | $-7.74M | $2.27M | $-1.68M | $4.25M | $-9.70M | $-3.87M | $-2.82M | $2.89M | $-7.82M |
| Investments in Property Plant and Equipment | $-6.27M | $-4.33M | $-4.72M | $-3.96M | $-4.80M | $-4.97M | $-3.97M | $-3.31M | $-3.51M | $-1.80M | $-1.74M | $-1.38M | $-1.50M | $-4.21M | $-2.03M | $-1.30M | $-2.22M | $-1.37M | $-2.47M | $-4.86M |
| Acquisitions Net | $146.00K | $- | $- | $227.00K | $4.92M | $- | $1.27M | $96.00K | $- | $- | $- | $- | $72.00K | $- | $- | $136.00K | $- | $- | $- | $- |
| Purchases of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $39.00K | $-210.00K | $- | $227.00K | $4.92M | $- | $1.27M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Cash Used for Investing Activities | $-6.08M | $-4.54M | $-4.72M | $-3.74M | $119.00K | $-4.97M | $-2.70M | $-3.22M | $-3.51M | $-1.80M | $-1.74M | $-1.38M | $-1.50M | $-4.21M | $-2.03M | $-1.30M | $-2.22M | $-1.37M | $-2.47M | $-4.86M |
| Debt Repayment | $1.00M | $-1.00M | $-1.00M | $-17.83M | $-1.90M | $-313.00K | $-312.00K | $16.14M | $-1.55M | $-1.95M | $-2.25M | $4.45M | $4.05M | $5.01M | $-2.00M | $-3.50M | $-6.10M | $-700.00K | $-17.14M | $39.79M |
| Common Stock Issued | $- | $- | $- | $1.31M | $-961.00K | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-101.00K | $14.94M | $- | $- | $- | $- |
| Common Stock Repurchased | $-456.00K | $-234.00K | $-703.00K | $-980.00K | $-61.00K | $-275.00K | $-929.00K | $- | $- | $- | $-474.00K | $-33.00K | $-176.00K | $-1.12M | $- | $- | $1.00K | $-508.00K | $- | $-71.00K |
| Dividends Paid | $- | $- | $- | $- | $-1.65M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Financing Activities | $-536.00K | $-558.00K | $-1.13M | $-195.00K | $-356.00K | $-517.00K | $-70.00K | $-1.54M | $-283.00K | $-442.00K | $-566.00K | $-193.00K | $-117.00K | $-1.12M | $118.00K | $-59.00K | $-98.00K | $-287.00K | $-77.00K | $-29.00K |
| Net Cash Used Provided by Financing Activities | $8.00K | $-1.79M | $-2.83M | $-18.02M | $-2.26M | $-830.00K | $-1.31M | $14.60M | $-1.83M | $-2.39M | $-2.82M | $4.26M | $3.76M | $3.89M | $-1.88M | $11.38M | $-6.20M | $-1.50M | $-17.14M | $39.69M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $5.78M | $- | $-5.78M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $529.00K | $2.88M | $-4.40M | $-21.07M | $2.85M | $-3.32M | $8.66M | $10.73M | $6.11M | $-5.15M | $5.16M | $-4.86M | $4.52M | $-2.00M | $331.00K | $381.00K | $-12.28M | $-5.68M | $-16.72M | $27.01M |
| Cash at End of Period | $12.48M | $11.95M | $9.07M | $12.72M | $34.54M | $31.69M | $35.01M | $26.34M | $15.62M | $9.51M | $14.66M | $9.49M | $14.35M | $9.84M | $11.84M | $11.51M | $11.13M | $23.41M | $29.09M | $45.82M |
| Cash at Beginning of Period | $11.95M | $9.07M | $13.47M | $33.79M | $31.69M | $35.01M | $26.34M | $15.62M | $9.51M | $14.66M | $9.49M | $14.35M | $9.84M | $11.84M | $11.51M | $11.13M | $23.41M | $29.09M | $45.82M | $18.81M |
| Operating Cash Flow | $6.60M | $9.21M | $3.16M | $693.00K | $4.99M | $2.48M | $12.68M | $-657.00K | $11.46M | $-960.00K | $9.72M | $-7.74M | $2.27M | $-1.68M | $4.25M | $-9.70M | $-3.87M | $-2.82M | $2.89M | $-7.82M |
| Capital Expenditure | $-6.27M | $-4.33M | $-4.72M | $-3.96M | $-4.80M | $-4.97M | $-3.97M | $-3.31M | $-3.51M | $-1.80M | $-1.74M | $-1.38M | $-1.50M | $-4.21M | $-2.03M | $-1.30M | $-2.22M | $-1.37M | $-2.47M | $-4.86M |
| Free Cash Flow | $336.00K | $4.88M | $-1.57M | $-3.27M | $186.00K | $-2.49M | $8.71M | $-3.97M | $7.95M | $-2.76M | $7.98M | $-9.12M | $760.00K | $-5.89M | $2.21M | $-11.00M | $-6.08M | $-4.19M | $420.00K | $-12.68M |
Potbelly Dividends
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Read the latest news about Potbelly, including recent articles, headlines, and updates.
Potbelly: Sells Off On Company-Owned Expansion Fears But This Growth Play Could Pay Off
Potbelly's stock dropped 20% despite beating Q4 FY 2024 EPS and revenue expectations due to plans to resume building company-owned stores, deviating from its asset-light strategy. Management aims to open 20 company-owned restaurants annually starting in late FY 2025, complementing franchise growth and leveraging high-volume markets like Texas and the Midwest. Potbelly's FY 2025 guidance includes 1.5%-2.5% same-store sales growth, 38 new openings, and adjusted EBITDA of $33-$34 million, with a strong buy recommendation under $12.
Potbelly Corporation (PBPB) Q4 2024 Earnings Call Transcript
Potbelly Corporation (NASDAQ:PBPB ) Q4 2024 Earnings Conference Call March 6, 2025 5:00 PM ET Company Participants Adiya Dixon – Senior Vice President, Chief Legal Officer and Secretary Bob Wright – President and Chief Executive Officer Steve Cirulis – Senior Vice President and Chief Financial Officer Conference Call Participants Jeremy Hamblin – Craig Hallum Capital Group Alex Sturnieks – Lake Street Capital Markets Todd Brooks – The Benchmark Company Matt Curtis – William Blair Operator Good afternoon, everyone, and welcome to Potbelly Corporation's Fourth Quarter 2024 Earnings Conference Call. Today's call is being recorded.
Potbelly Launches Large Area Developer Incentive Program for Multi-Unit Franchisees
Program will reward efficient development timelines with significant financial savings, while supporting long-term growth plans Program will reward efficient development timelines with significant financial savings, while supporting long-term growth plans
Potbelly Sandwich Works Expands in Virginia Markets with Franchise Expansion Led by Former CEO
CHICAGO, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ: PBPB), the beloved neighborhood sandwich shop, is excited to announce a major expansion in the Northern Virginia market through an extension of its Shop Development Agreement (SDA). This new agreement builds on the company's existing partnership with former CEO Bryant Keil and his son Hampden Keil, with plans to open additional Potbelly locations in several areas of Northern Virginia.
Potbelly Corporation Announces Conference Call to Discuss Fourth Quarter and Full Year 2024 Results on March 6, 2025
CHICAGO, Feb. 18, 2025 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ: PBPB) (“Potbelly” or the “Company”), the iconic neighborhood sandwich shop concept, today announced the date for the release of its fourth quarter and full year 2024 financial results.
Wall Street Analysts See a 25.25% Upside in Potbelly (PBPB): Can the Stock Really Move This High?
The consensus price target hints at a 25.3% upside potential for Potbelly (PBPB). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
Potbelly (PBPB) Shows Fast-paced Momentum But Is Still a Bargain Stock
Potbelly (PBPB) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.
Potbelly: The Cheapest Fast-Casual On The Market Is Starting To Get Noticed
Potbelly's strategic focus on low-cost, high-growth fast-casuals is paying off, with strong same-store sales recovery, EBITDA growth, and franchise expansion. Potbelly's real estate strategy and flexible prototype formats drive impressive unit-level economics, with high returns on invested capital and a strong franchise demand. Value platforms like the $7.99 Skinny Combo and menu innovations are boosting incremental sales and preserving franchisee margins despite a budget-conscious consumer base.
Wall Street Analysts Think Potbelly (PBPB) Could Surge 47.83%: Read This Before Placing a Bet
The mean of analysts' price targets for Potbelly (PBPB) points to a 47.8% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
Potbelly: Even With The Rally It's Still Below My PT
Potbelly has quintupled its market value since 2020 under CEO Wright, with successful refranchising and digital platform enhancements driving growth. Despite a 4.7% sales decline in Q3 2024, franchise royalties grew 79% year-over-year, and restaurant margins expanded by 0.7%. Potbelly's Everyday Value Combo and Perks platform have increased guest retention and digital sales, now representing 38% of total sales.
Potbelly Corporation (PBPB) Q3 2024 Earnings Call Transcript
Potbelly Corporation (NASDAQ:PBPB ) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Adiya Dixon - Chief Legal Officer, Chief Compliance Officer & Secretary Robert Wright - President & Chief Executive Officer Steven Cirulis - Chief Financial Officer & Chief Strategy Officer Conference Call Participants Jeremy Hamblin - Craig-Hallum Alex Sturnieks - Lake Street Capital Markets Todd Brooks - The Benchmark Company Matt Curtis - William Blair Operator Good afternoon everyone and welcome to Potbelly Corporation's Third Quarter 2024 Earnings Conference Call. Today's call is being recorded.
Potbelly Accelerates Growth with Signed Commitments for 32 New U.S. Shops
CHICAGO, Nov. 08, 2024 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ: PBPB), the iconic neighborhood sandwich shop, today announced the completion of six new multi-unit development agreements. The commitments, which include an expanded partnership with Potbelly founder Bryant Keil, will bring new Potbelly shops to markets in six states across the country including Arizona, Illinois, Missouri, North Carolina, Texas and Virginia, with new and existing franchisee partners.
Potbelly Announces Plans to Enter Georgia with 15-Unit Development Agreement
CHICAGO, Nov. 08, 2024 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ: PBPB), the iconic neighborhood sandwich shop, today announced plans to open its first shops in Georgia after finalizing a multi-unit development agreement with franchise partner Royal Restaurant Group. Through the agreement, Royal Restaurant Group, a national franchise group that successfully operates restaurant locations for global brands, will bring 15 Potbelly shops to Georgia, all in the greater Atlanta region.
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