Potbelly Corpora Stock Price, News & Analysis

Potbelly Corporation (NASDAQ: PBPB) reported strong third-quarter results, achieving same-store sales growth of 33.7% compared to last year and exceeding 2019 levels by 4.5%. Total revenues increased by 40% to $101.7 million, with a significant decrease in net loss to ($2.9 million) from ($13.4 million) a year ago. AUVs surpassed $20,000 weekly, while the company marked its third consecutive quarter of shop-level profitability. Potbelly aims to accelerate growth through a new three-year strategy focusing on AUV expansion and franchise development.

Potbelly Corporation (NASDAQ: PBPB) announced that it will release its third quarter 2021 financial results on November 3, 2021, after market close. A conference call for investors is scheduled for November 4, 2021, at 8:00 a.m. ET, hosted by CEO Bob Wright and CFO Steve Cirulis. Participants can join via dial-in or through a webcast on the company's investor relations page. An audio replay will be available from November 4 through November 11, 2021. Potbelly operates over 400 company-owned shops and more than 40 franchise locations across the U.S.

Potbelly Corporation (NASDAQ: PBPB) announced the launch of its new menu, introducing three new sandwiches and enhanced versions of customer favorites. The updated menu features a simplified design for easier ordering and three new sandwich sizes: Skinny, Original, and BIG. Highlights include the Avo Turkey, Steakhouse Beef, and Chicken Club sandwiches, along with increased meat and cheese in each sandwich. To celebrate, Potbelly Perks members can enjoy a free original sandwich with any purchase during September 2021.

Potbelly Corporation (NASDAQ: PBPB) has appointed David Daniels as its new Chief Marketing Officer, effective August 23, 2021. With over 20 years of experience in marketing for leading brands, Daniels will oversee the company's branding, marketing, and digital strategies. His previous roles include Senior Vice President of Marketing at The Food Hall Co. and marketing executive at Anheuser-Busch InBev and Pizza Hut. Potbelly aims to leverage Daniels' expertise to enhance brand awareness and support growth strategies.

Potbelly Corporation (NASDAQ: PBPB) reported strong financial results for Q2 2021, with total revenues rising by 24.9% to $97.5 million. The company achieved a second consecutive quarter of shop-level profitability, with same-store sales up 70.0% compared to Q1. The average unit volume grew by 23.8%. Notably, the loyalty program added 142,000 members, driving 18% of total sales. Despite a GAAP net loss of ($3.9 million), adjusted EBITDA improved to $1.9 million, reflecting strengthening unit economics and positive cash flow expected in the latter half of the year.

Potbelly Corporation (NASDAQ: PBPB) announces its unaudited financial results for the fiscal second quarter of 2021 will be released on August 5, 2021, before market opening. A conference call will follow at 8:00 a.m. Eastern Time to discuss the results, hosted by President and CEO Bob Wright and CFO Steve Cirulis. Interested parties can join the call via dial-in or webcast, with a replay available post-event. Potbelly has over 400 company-owned shops in the U.S., continuing to serve customers with warm sandwiches and friendly service.

Potbelly Corporation (NASDAQ: PBPB) has announced presentations at four upcoming investor conferences. These include the William Blair 41st Annual Growth Stock Conference on June 2, 2021, and the Piper Sandler Consumer Marketplace Conference on June 3, 2021. Additionally, they will present at the Stifel 2021 Virtual Cross Sector Insight Conference on June 10, 2021, and the Oppenheimer 21st Annual Consumer Growth and E-Commerce Conference on June 16, 2021. Live webcasts will be available on the company’s website, along with individual investor meetings at each event.

Potbelly Corporation has appointed Larry Strain as its new Chief Development Officer (CDO), effective immediately. Strain brings over 20 years of experience in retail development, including previous roles at McDonald's and Dunkin' Brands. Under his leadership, Potbelly aims to enhance its ‘Traffic-Driven’ Profitability Strategic Plan. Strain will oversee key development areas such as Corporate Development Services and Franchise Sales. Bob Wright, CEO, expressed confidence in Strain's ability to deliver sustainable growth and work closely with franchisees and company associates.