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 (PBPB) is a neighborhood sandwich shop concept that has grown from a single Chicago location opened in 1977 into a national brand with several hundred shops across the United States. As an operator and franchisor of Potbelly Sandwich Works restaurants, the company regularly issues news on its financial performance, franchise development and brand initiatives, making its news flow relevant to investors, analysts and followers of the restaurant and food service sector.
News about Potbelly often includes quarterly and annual earnings releases, where the company discusses system-wide sales growth, company-operated same-store sales, Average Weekly Sales, Adjusted EBITDA and other non-GAAP metrics. These updates typically outline Potbelly’s views on its growth trajectory, shop development pipeline, franchise commitments and the performance of its mix of company-operated and franchised shops.
Potbelly also announces franchise development agreements and programs, such as Shop Development Area Agreements and the Potbelly 50/50 Large Area Developer Incentive Program, which are intended to support multi-unit franchise growth. Press releases have highlighted new shop openings, additional franchise shop commitments and market-specific expansion plans, including agreements in regions such as St. Louis, Missouri.
Brand and menu-related news is another recurring theme. Potbelly has publicized menu innovation and partnerships, such as the launch of Hot Pepper Flavored Potato Chips in collaboration with Zapp’s, inspired by its signature Hot Peppers and offered exclusively at Potbelly shops. These announcements underscore the company’s focus on its core menu of warm, toasty sandwiches, signature salads and hand-dipped shakes, as well as extensions that build on existing fan favorites.
In 2025, Potbelly’s news flow also included transaction-related announcements tied to its acquisition by RaceTrac, Inc. The company disclosed the signing of an Agreement and Plan of Merger, the terms of a tender offer for its shares and, later, the completion of the merger that resulted in Potbelly becoming a wholly owned subsidiary of RaceTrac. For readers tracking the PBPB symbol, this news page provides a historical record of Potbelly’s public communications, from operational updates to corporate transactions.
Potbelly Corporation (NASDAQ: PBPB) has announced a definitive merger agreement with RaceTrac, Inc., where RaceTrac will acquire Potbelly for $17.12 per share in an all-cash transaction valued at approximately $566 million. The offer represents a 47% premium over Potbelly's 90-day volume-weighted average price as of September 9, 2025.
Potbelly, with 445 company and franchise-owned shops, will join RaceTrac's portfolio, which includes over 800 convenience stores across 14 states. The transaction is expected to close in Q4 2025, subject to regulatory approvals and customary closing conditions. The merger combines Potbelly's neighborhood sandwich shop concept with RaceTrac's extensive retail presence, aiming to accelerate growth and expansion opportunities.
Potbelly Corporation (NASDAQ: PBPB) reported strong second quarter 2025 results with system-wide sales growth of 6.7% and company-operated same-store sales increase of 3.2%. The company achieved total revenues of $123.7 million, up 3.4% year-over-year, and GAAP net income of $2.5 million.
Key operational highlights include eight new shop openings and securing 54 additional franchise shop commitments, bringing total open and committed shops to 816. Average Weekly Sales increased 3.6% to $27,040, while Adjusted EBITDA grew 13.0% to $9.6 million.
The company raised its full-year 2025 guidance, projecting same-store sales growth of 2.0-3.0% and at least 38 new shops. For Q3 2025, Potbelly expects same-store sales growth of 3.25-4.25% and Adjusted EBITDA of $9.0-10.0 million.
Potbelly Corporation (NASDAQ: PBPB), the neighborhood sandwich shop chain, has scheduled its second quarter 2025 financial results announcement for August 6, 2025, after market close. The company will host a conference call at 5:00 p.m. Eastern Time featuring CEO Bob Wright and CFO Steve Cirulis.
The call will be accessible via phone (844-676-5533 U.S. & Canada, 412-634-6942 International) and webcast through potbelly.com's investor section. An audio replay will be available until August 13, 2025. Potbelly operates over 440 shops across the United States, including more than 90 franchised locations.
Utz Brands (NYSE: UTZ) has partnered with Potbelly Sandwich Works (NASDAQ: PBPB) to launch new Hot Pepper Flavored Potato Chips, exclusively available at Potbelly shops nationwide. The new product is inspired by Potbelly's signature Hot Peppers, bringing their popular spicy flavor to Zapp's kettle-style chips.
The collaboration builds on a 15-year partnership between the two brands, with Zapp's chips being a longtime companion to Potbelly's oven-toasted sandwiches. The Hot Pepper Chips join Zapp's existing lineup, which includes flavors such as Voodoo®, Spicy Cajun Crawtators®, Evil Eye®, and Salt & Vinegar.
Potbelly Corporation (NASDAQ: PBPB), the neighborhood sandwich shop concept, announced its participation in two upcoming investor conferences. Management will attend the Craig-Hallum 22nd Annual Institutional Investor Conference in Minneapolis on May 28, 2025, conducting one-on-one meetings with investors. The company will also present at the William Blair 45th Annual Growth Stock Conference in Chicago on June 4, 2025, at 4:40 PM Central Time, with a live webcast available on their investor relations website.
Potbelly operates over 440 shops across the United States, including more than 90 franchised locations. The company has been in business since 1977, when it opened its first shop in Chicago.
Potbelly (NASDAQ: PBPB) has scheduled its first quarter 2025 financial results announcement for Wednesday, May 7, 2025 after market close. The company will host a conference call at 5:00 p.m. Eastern Time to discuss the results, led by President and CEO Bob Wright and CFO Steve Cirulis.
The conference call will be accessible via phone (844-676-5533 for U.S. & Canada, 412-634-6942 for International) and webcast through the company's website. An audio replay will be available until May 14, 2025.
Potbelly operates over 440 shops across the United States, including more than 90 franchised locations, serving sandwiches, salads, and shakes since its first Chicago shop opened in 1977.
Potbelly (NASDAQ: PBPB) reported its Q4 and full-year 2024 financial results. Q4 highlights include:
- GAAP EPS of $0.15 (+67% y-y)
- Net income of $4.6M (+69% y-y)
- Adjusted EBITDA of $9.7M (+30% y-y)
- Revenue decreased 7.3% to $116.6M
- Average Weekly Sales up 1.1% to $25,230
- Same-store sales increased 0.3%
Full-year 2024 performance showed:
- Revenue declined 5.9% to $462.6M
- GAAP net income of $40.3M (including $35.3M tax benefit)
- Adjusted EBITDA increased 14.9% to $32.6M
- Same-store sales decreased 0.3%
The company opened 23 new shops in 2024 and secured 113 new franchise commitments. Total open and committed shops reached 727, an 18.8% increase over Q4 2023. The company also continued its share repurchase program, with $18.6M remaining available.
Potbelly (NASDAQ: PBPB) has launched the 'Potbelly 50/50 Large Area Developer Incentive Program' to accelerate franchise expansion across the U.S. The program targets multi-unit franchisees who commit to opening at least 15 Potbelly shops within eight years.
Key benefits for qualifying franchisees include:
- Reduced initial franchise fees
- Reduced deposit fees
- 50% discount on royalty fees for shops opened ahead of schedule
The company is specifically targeting existing franchisees of non-competing brands with strong portfolios and financial capabilities. Franchise opportunities are available in multiple markets including Atlanta, Phoenix, Denver, Ohio, Virginia, Pennsylvania, parts of Florida, Tennessee, Dallas, Houston, and other Texas locations. Potbelly currently operates over 440 shops nationwide, including more than 90 franchised locations.
Potbelly (NASDAQ: PBPB) announced a significant expansion in St. Louis, Missouri through a new Shop Development Agreement with franchisee Todd Stimson. The agreement includes the development of seven new shop locations in the St. Louis region, adding to Stimson's existing three locations in the area.
Stimson, who was named Franchisee of the Year at Potbelly's 2023 System Summit and Operator of the Year in 2024, will strengthen the brand's presence in the market. This expansion aligns with Potbelly's strategic growth plan to partner with proven multi-unit operators for nationwide franchising. The new locations are expected to create multiple job opportunities in the St. Louis area, with specific locations and opening dates to be announced in the coming months.
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