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 (NASDAQ: PBPB) has scheduled its fourth quarter and full year 2024 financial results announcement for Thursday, March 6, 2025, after market close. The company will host a conference call at 5:00 p.m. Eastern Time, led by President and CEO Bob Wright and CFO Steve Cirulis.
The conference call will be accessible via phone (833-630-1088 U.S. & Canada, 412-317-1817 International) and webcast through the company's website. An audio replay will be available until March 13, 2025. Potbelly operates over 440 shops across the United States, including more than 90 franchised locations, specializing in toasted sandwiches, salads, and shakes.
Potbelly (NASDAQ: PBPB) has announced exclusive franchise opportunities across key Northern-Midwest-Appalachian markets. The company is offering ambitious business owners the chance to become sole developer/operators in Harrisburg/Lancaster/York/Erie, PA; Toledo/Akron OH; and Charleston, WV markets.
The opportunity allows franchisees to develop 4-6 trade areas and establish a dominant presence through multiple locations. The franchise package includes exclusive market ownership, access to Potbelly's proven business model, comprehensive support in site selection and marketing, and flexible shop formats including endcap, drive-thru, inline, and freestanding locations. A smaller, digital-centric prototype at 1,800 sq ft is also available.
Potbelly (NASDAQ: PBPB) has announced exclusive franchise opportunities in key Southern markets, offering ambitious business owners the chance to become sole developer/operators in Memphis, Knoxville, Chattanooga, Lexington, and Huntsville. Each market contains approximately 4-6 shop trade areas.
The initiative allows franchisees to establish a dominant presence through multiple locations while maintaining exclusive market control. The company offers flexible shop formats, including endcap, drive-thru, inline, and freestanding locations, plus a smaller 1,800 sq ft digital-centric prototype. Franchisees will receive comprehensive support in site selection, marketing, and operations.
Potbelly (NASDAQ: PBPB) has announced exclusive franchise opportunities across key Central U.S. markets, offering ambitious business owners the chance to be sole developer/operators in Omaha, Wichita, Colorado Springs, Provo, Killeen/Temple, and Albuquerque. Each market presents the opportunity to develop 4-6 trade areas.
The initiative allows franchisees to establish a dominant presence through multiple locations while maintaining exclusive market control. The company offers flexible shop formats, including endcap, drive-thru, inline, and freestanding locations, as well as a smaller 1,800 sq ft digital-centric prototype.
Franchisees will receive comprehensive support in site selection, marketing, and operational guidance. The expansion strategy emphasizes Potbelly's commitment to growth through its proven business model centered on sandwiches, soups, salads, and shakes.
Potbelly (NASDAQ: PBPB) announced preliminary results for the fourth fiscal quarter ending December 29, 2024. The company reported positive same store sales growth of 0.2% to 0.3%, surpassing previous guidance of -2.5% to -0.5%. Potbelly opened eight new shops during the quarter, falling slightly short of the 9-11 shops projected.
Adjusted EBITDA is estimated at $8.0M to $8.4M, exceeding the guidance range of $7.0M to $8.0M. CEO Bob Wright attributed the better-than-expected results to product innovation, digital marketing, and operational excellence. The company also expanded restaurant margins and improved corporate profitability, expecting a 10% adjusted EBITDA growth for the full year.
Potbelly added 30 new franchise shop commitments, bringing the total to 727 open and committed shops as of December 29, 2024. For 2025, the company has 38 new shop sites in various stages of development. Potbelly will be participating in the 27th Annual ICR Conference in Orlando, FL, on January 13-14, 2025, with a webcast available on their website.
Potbelly (NASDAQ: PBPB) has announced six new multi-unit development agreements that will add 32 new shops across Arizona, Illinois, Missouri, North Carolina, Texas, and Virginia. The agreements, signed since July, include an expanded partnership with founder Bryant Keil and align with the company's franchise-led growth strategy.
This expansion is part of Potbelly's long-term goal to reach 2,000 shops, with at least 85% being franchised locations. The company recently announced a separate agreement with Royal Restaurant Group to open 15 new shops in the Atlanta area, marking Potbelly's first entry into Georgia.
Potbelly (NASDAQ: PBPB) has announced its expansion into Georgia through a new multi-unit development agreement with Royal Restaurant Group. The agreement includes plans to open 15 Potbelly shops in the greater Atlanta region, with development starting in January 2026 and three shops opening annually thereafter. This follows a previous 40-shop agreement with Royal Restaurant Group from October 2023. The franchise partner currently operates four Potbelly shops and has extensive experience in the restaurant industry. This expansion aligns with Potbelly's long-term goal of reaching 2,000 shops with 85% being franchised locations.
Potbelly (NASDAQ: PBPB) reported mixed Q3 2024 financial results. While total revenues decreased 4.7% to $115.1 million and same-store sales declined 1.8%, profitability metrics showed improvement. GAAP net income rose 150% to $3.7 million, with EPS increasing to $0.12 from $0.05. The company opened eight new shops and secured 32 additional franchise commitments during the quarter. Franchise royalties grew 79.2% driven by a 30% increase in franchised units. For Q4 2024, Potbelly projects same-store sales growth between -2.5% and -0.5% with adjusted EBITDA of $7.0M to $8.0M.
Potbelly (NASDAQ: PBPB) has announced the date for the release of its third quarter 2024 financial results. The company will report its results on Thursday, November 7, 2024 after market close, followed by a conference call for investors at 5:00 p.m. Eastern Time on the same day.
The conference call will be hosted by Potbelly's President and CEO, Bob Wright, and CFO, Steve Cirulis. Investors can dial in using the numbers 833-630-1088 (U.S. & Canada) or 412-317-1817 (International). The call will also be webcast live from the company's corporate website. An audio replay will be available until November 14, 2024.
Potbelly is a neighborhood sandwich concept with over 425 shops in the United States, including more than 80 franchised locations.
Potbelly (NASDAQ: PBPB) reported financial results for Q2 2024. Key highlights include:
- Average Weekly Sales increased 0.6% to $26,110
- Total revenues decreased 5.5% to $119.7 million
- Same-store sales increased 0.4%
- GAAP net income was $34.7 million, with diluted EPS of $1.13
- Adjusted EBITDA increased 5.9% to $8.5 million
The company opened 4 new shops in Q2, bringing the total to 9 year-to-date. Potbelly signed commitments for 22 new shops, totaling 54 in 2024. The company has 663 open and committed shops, a 25% increase from Q2 2023. Potbelly introduced Q3'24 guidance and updated 2024 guidance, projecting same-store sales growth between -1.5% to +0.5% and adjusted EBITDA of $27.0M to $30.0M for the full year.
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