Potbelly Corpora Stock Price, News & Analysis

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.

Potbelly Corporation (NASDAQ: PBPB) reported a strong first quarter performance for fiscal 2021, with total revenues of $78.1 million, up 4.3% from the previous quarter. Same-store sales improved to (3.1%) from (19.7%), indicating recovery momentum. Shop-level profitability exceeded expectations, contributing to the positive outlook of achieving cash flow positivity by Q3 2021. The company also reported a reduced GAAP net loss of ($14.5) million, with adjusted EBITDA improving slightly. Potbelly continues to focus on strategic initiatives to enhance profitability.

Potbelly Corporation (NASDAQ: PBPB) has announced that it will release its first quarter 2021 financial results on May 6, 2021, after market close. A conference call for investors will take place at 5:00 p.m. Eastern Time the same day, hosted by CEO Bob Wright and CFO Steve Cirulis. Investors can join via dial-in or webcast, with a replay available for later access. Potbelly has over 400 company-owned shops across the U.S. and has been serving customers for more than 40 years, emphasizing fresh and friendly service.

Potbelly Corporation (NASDAQ: PBPB) has appointed Scott Swayne as the new Chief People Officer, effective April 26, 2021. With over 25 years of HR experience, Swayne will lead the company’s Human Resources and People Team, focusing on talent acquisition and enhancing Potbelly's culture. CEO Bob Wright expressed confidence in Swayne’s ability to drive growth under the company’s 'Traffic-Driven' Profitability Strategic Plan. Swayne previously held senior HR roles at McCormick & Company and General Mills, bringing valuable experience in employee engagement and diversity.

Potbelly Corporation (NASDAQ: PBPB) reported a fourth quarter with improved same-store sales (SSS) declining by 19.7%, marking a 130 basis point improvement from the prior quarter. Total revenues increased 3% sequentially to $74.9 million. The company achieved a restructuring plan, reducing expenses by $3.5 million annually and renegotiating 321 leases. Despite a GAAP net loss of $16.4 million, Potbelly aims for profitability and positive cash flow in the second half of 2021, driven by its new 'Traffic-Driven Profitability' strategy and improved digital sales, accounting for 35.8% of total sales.

Potbelly Corporation (NASDAQ: PBPB) has announced the release date for its fiscal fourth quarter and full year 2020 financial results, which is set for March 11, 2021, after market close. The company will hold a conference call with investors at 5:00 p.m. ET on the same day, hosted by President and CEO Bob Wright, and CFO Steve Cirulis. The event will also be available via webcast. Potbelly operates over 400 company-owned sandwich shops in the U.S. and has a strong neighborhood presence, promising quality service and food.

Potbelly Corporation has entered into a securities purchase agreement to raise approximately $16 million through a private placement of common stock and warrants. The offering includes 3,249,688 shares at an offering price of $4.91 per share. Additionally, Potbelly has reached an agreement to amend its credit facility with JP Morgan, securing $25 million until January 31, 2023. The funds from this initiative aim to enhance the company’s balance sheet and support a focus on traffic-driven profitability amid a recovering dining environment.