Potbelly Sandwich Shop

Potbelly Corporation Announces Conference Call to Discuss First Quarter 2024 Results on May 8, 2024

Retrieved on: 
Wednesday, April 17, 2024
Potbelly Sandwich Shop

CHICAGO, April 17, 2024 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ: PBPB) (“Potbelly” or the “Company”), the iconic neighborhood sandwich shop concept, today announced the date for the release of its first quarter 2024 financial results.

Key Points: 
  • CHICAGO, April 17, 2024 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ: PBPB) (“Potbelly” or the “Company”), the iconic neighborhood sandwich shop concept, today announced the date for the release of its first quarter 2024 financial results.
  • Potbelly will report its financial results for the fiscal first quarter 2024 on Wednesday, May 8, 2024 after market close.
  • The Company has scheduled a conference call for investors at 5:00 p.m. Eastern Time on the same day to discuss the results.
  • Hosting the call will be Potbelly Corporation’s President and Chief Executive Officer, Bob Wright, and Chief Financial Officer, Steve Cirulis.

Potbelly Corporation Reports Strong Results for Fourth Fiscal Quarter and Full Year 2023

Retrieved on: 
Thursday, March 7, 2024
Pillar, Potbelly Sandwich Shop, Potbelly, EPS, GAAP, AWS

CHICAGO, March 07, 2024 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ: PBPB), (“Potbelly” or the “Company”) the iconic neighborhood sandwich shop concept, today reported financial results for its 14-week fourth fiscal quarter and 53-week full year ended December 31, 2023. The comparable period-year periods in 2022 included 13 and 52 weeks, respectively.

Key Points: 
  • Key highlights for the quarter ended December 31, 2023, compared to December 25, 2022:
    Total revenues increased by 4.7% to $125.7 million compared to $120.2 million.
  • Positive same-store sales for the eleventh-consecutive quarter, ending the fourth quarter at +6.3%, with traffic growth as a major driver and expansion of traffic share during each period of the quarter.
  • GAAP net income attributable to Potbelly Corporation was $2.7 million compared to $2.7 million.
  • Adjusted net income1 attributable to Potbelly Corporation was $0.7 million compared to $2.6 million.

Potbelly Corporation Announces Conference Call to Discuss Fourth Quarter and Full Year 2023 Results on March 7, 2024

Retrieved on: 
Tuesday, February 20, 2024
Potbelly Sandwich Shop

CHICAGO, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ: PBPB ) (“Potbelly” or the “Company”), the iconic neighborhood sandwich shop concept, today announced the date for the release of its fourth quarter and full year 2023 financial results.

Key Points: 
  • CHICAGO, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ: PBPB ) (“Potbelly” or the “Company”), the iconic neighborhood sandwich shop concept, today announced the date for the release of its fourth quarter and full year 2023 financial results.
  • Potbelly will report its financial results for the fiscal fourth quarter and full year 2023 on Thursday, March 7, 2024 after market close.
  • The Company has scheduled a conference call for investors at 5:00 p.m. Eastern Time on the same day to discuss the results.
  • Hosting the call will be Potbelly Corporation’s President and Chief Executive Officer, Bob Wright, and Chief Financial Officer, Steve Cirulis.

Potbelly Fuels Nationwide Expansion Through Increased Commitment from Existing Franchisees

Retrieved on: 
Tuesday, March 5, 2024
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CHICAGO, March 5, 2024 /PRNewswire/ -- Potbelly Corporation (NASDAQ: PBPB), the iconic neighborhood sandwich shop, today announced it has finalized four multi-unit development agreements that will further increase the company's retail footprint. The growth will be led by current Potbelly franchisees, who are each expanding their current commitments with the brand. The agreements will bring a total of 18 additional shops in new and existing markets. These reinvestments add to the existing list of development commitments that Potbelly has signed since launching its Franchise Growth Acceleration Initiative in 2022 and is a testament to how well the Potbelly brand resonates with customers across markets.

Key Points: 
  • The growth will be led by current Potbelly franchisees, who are each expanding their current commitments with the brand.
  • These reinvestments add to the existing list of development commitments that Potbelly has signed since launching its Franchise Growth Acceleration Initiative in 2022 and is a testament to how well the Potbelly brand resonates with customers across markets.
  • "As soon as our franchisees open their shops, they experience firsthand the widespread appeal of the Potbelly brand," said Lynette McKee,CFE, Senior Vice President of Franchising.
  • "This immediate success has been a driving force behind their independent decisions to reinvest in the brand and deepen their commitment to Potbelly.

Potbelly Corporation Announces New Three-Year, $30 Million Credit Facility

Retrieved on: 
Monday, February 12, 2024
Pillar, Potbelly Sandwich Shop, Facility, Wintrust Financial, Bank

CHICAGO, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ: PBPB), (“Potbelly” or the “Company”) the iconic neighborhood sandwich shop concept, today announced that the Company has closed a new $30 million revolving credit facility (the “Facility”) that matures on February 7, 2027 led by Wintrust Bank.

Key Points: 
  • CHICAGO, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ: PBPB), (“Potbelly” or the “Company”) the iconic neighborhood sandwich shop concept, today announced that the Company has closed a new $30 million revolving credit facility (the “Facility”) that matures on February 7, 2027 led by Wintrust Bank.
  • Under the terms of the new Facility, the Company achieved a 600-basis point reduction in the currently applicable interest rate margin relative to the prior term loan.
  • The new Facility is expected to result in approximately $2 million of annual net cash interest savings.
  • “Our new credit facility further strengthens our financial position and is yet another testament to the improvements we have made to our business over the past three years,” commented Steve Cirulis, Chief Financial Officer of Potbelly.

Executive Chairman Rodney O. Martin, Jr., to retire on Feb. 29, 2024, as previously announced, following a successful tenure as Voya Financial’s chairman and former CEO

Retrieved on: 
Monday, January 29, 2024
Banking, Professional Services, Finance, Voya Financial, Sears Holdings, Commonwealth Edison, YUM, The Walt Disney Company, CFO, Red Robin, Kmart, Marriott International, VOYA, Executive, Growth, Starwood, KeyBank, Information technology, Retirement, Potbelly Sandwich Shop, Management

Martin previously served as Voya’s chairman and chief executive officer (CEO) and was succeeded as CEO by Heather Lavallee on Jan. 1, 2023.

Key Points: 
  • Martin previously served as Voya’s chairman and chief executive officer (CEO) and was succeeded as CEO by Heather Lavallee on Jan. 1, 2023.
  • Lewis joined the board in 2020 and has served as a member of the audit committee since that time as well.
  • Zwiener said, “The board is tremendously grateful for all that Rod has accomplished as Voya’s chairman and CEO for more than a decade.
  • He also previously served on the boards of Red Robin Gourmet Burgers, Inc., The Walt Disney Company and Starwood Hotels.

Potbelly Launches Reimagined Potbelly Perks Loyalty Program

Retrieved on: 
Monday, January 22, 2024
Drink, Shakes, Potbelly Sandwich Shop, Collection

CHICAGO, Jan. 22, 2024 /PRNewswire/ -- Potbelly Corporation (NASDAQ: PBPB) the iconic neighborhood sandwich shop, is unveiling a reimagined Potbelly Perks loyalty program. Complete with a collection of all new benefits for loyal fans of the brand, the relaunched program rewards members faster than ever before, makes more of the menu available for rewards redemptions and introduces bankable Coins in place of the brand's former Points program.

Key Points: 
  • CHICAGO, Jan. 22, 2024 /PRNewswire/ -- Potbelly Corporation (NASDAQ: PBPB) the iconic neighborhood sandwich shop, is unveiling a reimagined Potbelly Perks loyalty program.
  • "The reimagined Perks loyalty program puts Potbelly fans in greater control of their rewards.
  • "From our amazing fresh baked cookies to beverages, soups, oven-toasted sandwiches and more, the Perks loyalty program makes earning rewards and redeeming them remarkably easy."
  • By navigating the Perks page, fans will be introduced to all new aspects of the free membership program, including refreshed rewards and the eye-catching and fun-loving Potbelly Coins.

Potbelly Corporation Reports Preliminary Results for Fourth Fiscal Quarter and Full Year 2023

Retrieved on: 
Monday, January 8, 2024
Pillar, Growth, Conference, Potbelly, Potbelly Sandwich Shop, Financial adviser

CHICAGO, Jan. 08, 2024 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ: PBPB), (“Potbelly” or the “Company”) the iconic neighborhood sandwich shop concept, today reported preliminary results for the fourth fiscal quarter and full year ended December 31, 2023.

Key Points: 
  • For the fourth quarter and full year the benefit was approximately 580bps and 160bps, respectively.
  • Bob Wright, President and Chief Executive Officer of Potbelly Corporation, commented, “Our preliminary fourth quarter results marked continued strong performance as our team executed on our Five-Pillar Strategy.
  • Notably, we continued to grow traffic share within the fast casual industry during each period of the quarter.
  • The Company expects to release final financial and operating results for its fiscal fourth quarter and fiscal year ended December 31, 2023 during March 2024.

Potbelly Corporation to Participate at the 26th Annual ICR Conference

Retrieved on: 
Wednesday, January 3, 2024
Senior, Conference, Potbelly Sandwich Shop, Interest

CHICAGO, Jan. 03, 2024 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ: PBPB ) (“Potbelly” or the “Company”), the iconic neighborhood sandwich shop concept, today announced that Bob Wright, President and Chief Executive Officer, and Steve Cirulis, Senior Vice President and Chief Financial Officer, will host a fireside chat at the 26th Annual ICR Conference beginning at 3:00 p.m.

Key Points: 
  • CHICAGO, Jan. 03, 2024 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ: PBPB ) (“Potbelly” or the “Company”), the iconic neighborhood sandwich shop concept, today announced that Bob Wright, President and Chief Executive Officer, and Steve Cirulis, Senior Vice President and Chief Financial Officer, will host a fireside chat at the 26th Annual ICR Conference beginning at 3:00 p.m.
  • ET on January 8, 2024 in Orlando, FL.
  • The Company will also hold one-on-one meetings with investors during the conference.
  • Interested parties can access this discussion on the Investor Relations section of the Company’s website at www.potbelly.com under the “Events and Presentations” section.

Potbelly Announces 22-Shop Agreement in Seattle-Tacoma Region

Retrieved on: 
Wednesday, November 15, 2023
Growth, Senior, Partnership, Potbelly Sandwich Shop, Pleasure, Restaurant, Potbelly

The agreement includes the transfer of ownership of nine existing restaurants.

Key Points: 
  • The agreement includes the transfer of ownership of nine existing restaurants.
  • Additionally, the franchisee will develop 13 new units in King, Pierce, and Thurston counties over the next eight years.
  • “We’re thrilled to put the Potbelly experience within the reach of more people in the Seattle-Tacoma region,” said Bob Wright, President and CEO of Potbelly.
  • “It’s always a pleasure working with proven franchisees that share our excitement and vision for the Potbelly brand,” said Lynette McKee, Senior Vice President of Franchising at Potbelly.