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 operates a neighborhood sandwich shop concept built around warm, toasty sandwiches, signature salads, hand-dipped shakes and other customized menu items. News for PBPB regularly centers on fiscal results, system-wide and same-store sales trends, profitability measures, shop openings, franchise commitments and guidance.
Company updates also cover menu innovation, product collaborations such as Hot Pepper flavored chips, investments in digital customer programs, investor conference participation, share-repurchase authorization and material corporate agreements or governance matters.
Potbelly (NASDAQ: PBPB), the iconic neighborhood sandwich shop concept, has announced the date for the release of its second quarter 2024 financial results. The company will report its results on Thursday, August 8, 2024 after market close, followed by a conference call for investors at 5:00 p.m. Eastern Time on the same day.
The call will be hosted by Potbelly's President and CEO, Bob Wright, and CFO, Steve Cirulis. Investors can dial in using the numbers provided or access the webcast live from the company's corporate website. An audio replay will be available until August 15, 2024.
Potbelly operates over 425 shops in the United States, including more than 80 franchised locations, offering warm sandwiches, salads, and shakes for over 40 years.
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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