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 (NASDAQ: PBPB) operates a growing network of fast-casual restaurants known for toasted sandwiches, salads, and community-focused dining experiences. This page serves as the definitive source for official company announcements, financial updates, and strategic developments.
Investors and industry observers will find curated press releases covering quarterly earnings, franchise expansion milestones, leadership updates, and operational innovations. Our collection emphasizes Potbelly's unique position at the intersection of quality dining and scalable franchising models.
Key updates include financial performance reports, new market entries, menu innovations, and partnership announcements. The archive also tracks the company's progress in maintaining its neighborhood-centric ethos while pursuing strategic growth objectives.
For consistent access to Potbelly's evolving story, bookmark this page or check back regularly. All content is sourced directly from company filings and authorized communications, ensuring reliability for investment research and market analysis.
Potbelly has opened its first location at the Pentagon, expanding its footprint on military installations. This follows the recent launch of its first shop at Fort Liberty, with two more locations under development there. The Pentagon store officially opened on June 28 and will host a grand opening ribbon-cutting ceremony on July 16, with all sales on that day benefiting the Tunnel to Towers' Homeless Veterans program. Potbelly is partnering with the Navy Exchange Service Command and the Army & Air Force Exchange Service to facilitate these openings. The company aims to continue its growth strategy, with a long-term goal of 2,000 shops across the U.S.
Potbelly (NASDAQ: PBPB), a well-known neighborhood sandwich shop, announced that its top executives will participate in upcoming investor conferences. On May 29, 2024, the company will hold one-on-one meetings with investors at the Craig-Hallum 21st Annual Institutional Investor Conference in Minneapolis, MN. Additionally, on June 4, 2024, Potbelly will present at the William Blair 44th Annual Growth Stock Conference in Chicago, IL, with a live webcast available on the company's Investor Relations website. Potbelly operates over 425 shops, including 80+ franchised locations in the U.S.
Potbelly reported financial results for the first fiscal quarter of 2024, showcasing a system-wide sales growth of 1.9%, AWS of $24,250, and 32 new franchise shop commitments. However, there was a decrease in total revenues by 6.0% to $111.2 million, with same-store sales down by 0.2%. The GAAP net loss was $2.8 million, with diluted EPS at ($0.09). Despite these challenges, the company announced a $20 million share repurchase program and provided guidance for the second quarter and 2024.
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