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.
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Rhea-AI Summary
Potbelly Corporation reported financial results for the third fiscal quarter ended September 24, 2023. Key highlights include 8.0% same-store sales growth, AWS of $25,190, and 150 new shop commitments. Total revenues increased by 2.7% to $120.8 million. GAAP net income was $1.5 million compared to $9.0 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.66%
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Rhea-AI Summary
Potbelly Corporation has completed a 40-unit agreement with Royal Restaurant Group, a national franchise group, to develop 36 new Potbelly shops in Ohio and Florida. The agreement also includes the refranchising of four locations in Columbus, Ohio. The co-founders of Royal Restaurant Group have over 60 years of experience in the restaurant and franchise industries. Potbelly aims to reach 2,000 shops, with at least 85% being franchised.
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Rhea-AI Sentiment
End-of-Day
5.9%
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Potbelly Corporation announces date for release of Q3 2023 financial results
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End-of-Day
-0.4%
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Potbelly Corporation to participate in The Benchmark Consumer 1x1 Conference on September 7, 2023.
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End-of-Day
0.77%
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Rhea-AI Summary
Potbelly Corporation reports Q2 2023 financial results, with total revenues increasing by 9.2% to $126.6 million. Same-store sales grew by 12.9% and AUVs reached $25,950. GAAP net income was $2.2 million. EBITDA increased to $6.1 million. The company has 106 new shop commitments under the Franchise Growth Acceleration Initiative.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.99%
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Rhea-AI Summary
Potbelly Corporation (NASDAQ: PBPB) is rapidly expanding its presence in Florida, with nearly 50 locations in development throughout the state. The brand has finalized multi-unit agreements with five franchise groups to develop 46 shops in critical regions including Tampa, Orlando, Fort Myers, Broward County, Gainesville, and Panama City. Potbelly aims to reach its goal of 2,000 shops over the next 10 years, with at least 85% of those locations being franchised.
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Rhea-AI Sentiment
End-of-Day
-1.05%
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Potbelly Corporation (NASDAQ: PBPB) finalizes a 27-shop agreement in Maryland with founder Bryant Keil and his son Hampden. The deal includes developing 15 new Potbelly shops and refranchising 12 existing locations. The agreement grants exclusive territory rights in seven Maryland counties, extending Potbelly's presence in central and southern regions of the state. This partnership aligns with Potbelly's strategic franchise and growth strategy across the U.S., aiming to reach 2,000 shops over the next 10 years.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.56%
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Rhea-AI Summary
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End-of-Day
-0.99%
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Rhea-AI Summary
Potbelly Corporation announces two strategic appointments to its corporate leadership team. Lynette McKee is named Senior Vice President of Franchising, while Patrick Walsh joins as Chief People Officer. McKee's expertise in franchising will help drive long-term growth, while Walsh will lead the brand's People team and human resources.
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Rhea-AI Sentiment
End-of-Day
-0.99%
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Potbelly Corporation reports preliminary unaudited same-store sales results for Q2 2023, with a growth of 14.4%. Strong customer traffic and broad-based growth across all store types. Company to participate in William Blair 43rd Annual Growth Stock Conference.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.33%
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Potbelly Corporation
Nasdaq:PBPB
PBPB Rankings
PBPB Stock Data
293.86M
22.35M
14.26%
68.19%
4.48%
Food Service Contractors
Accommodation and Food Services
United States of America
CHICAGO
About PBPB
potbelly sandwich shop got its start as a small antique store that turned into a lines-out-the-door neighborhood sandwich shop. before you knew it, word got out about our craveable toasty sandwiches, and we couldn’t contain the irresistible potbelly vibe and food to simply one location. today, there are more than 400 potbelly sandwich shops serving neighborhoods in 29 states and washington dc and 30 franchise shops, including locations in the middle east & uk. the unique potbelly experience is created by simple, fresh and tasty food, live local music, eclectic décor and our friendly employees whose mission is to make people really happy. -building the potbelly nation! we are opening more shops in more places across the country. this kind of growth means more opportunity for you, whether it’s in our shops or at our support center. we’re looking for leaders at every level who have positive energy, great teamwork and the desire to succeed both personally and professionally. we are creatin