Potbelly Sandwich Shop

Potbelly Corporation Reports Results for Second Fiscal Quarter 2023

Retrieved on: 
Thursday, August 3, 2023
Growth, EPS, EBITDA, GAAP, Potbelly Sandwich Shop, Explorer AUV, Retail, Bottled water

CHICAGO, Aug. 03, 2023 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ: PBPB), (“Potbelly” or the “Company”) the iconic neighborhood sandwich shop concept, today reported financial results for the second fiscal quarter ended June 25, 2023.

Key Points: 
  • 12.9% same-store sales growth and AUVs of $25,950, driven mostly by traffic
    Delivered above high-end of all guidance ranges; provides third quarter and reiterates full year 2023 outlook
    CHICAGO, Aug. 03, 2023 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ: PBPB), (“Potbelly” or the “Company”) the iconic neighborhood sandwich shop concept, today reported financial results for the second fiscal quarter ended June 25, 2023.
  • Key highlights for the quarter ended June 25, 2023, compared to June 26, 2022:
    Total revenues increased by 9.2% to $126.6 million compared to $116.0 million.
  • GAAP net income attributable to Potbelly Corporation was $2.2 million compared to $0.6 million.
  • Bob Wright, President and Chief Executive Officer of Potbelly Corporation, commented, “We delivered another great quarter for Potbelly, as a result of our team's hard work and commitment to our unique brand.

Potbelly Turns Up the Heat on Strategic Growth in Florida

Retrieved on: 
Tuesday, August 1, 2023
Stellar, Midland Credit Management, Inc., Food, Potbelly Sandwich Shop, Daniel's, Sunlight, Panama, Growth, STA, Milk, Salad, Colonial Plaza, Fast food, Video game, Potbelly

Potbelly Corporation (NASDAQ: PBPB) announced today that it has nearly 50 locations in various stages of development throughout the state of Florida.

Key Points: 
  • Potbelly Corporation (NASDAQ: PBPB) announced today that it has nearly 50 locations in various stages of development throughout the state of Florida.
  • “Florida as a whole holds immense promise for Potbelly, and we are strategically expanding in the Sunshine State to reach our potential,” said Lynette McKee, senior vice president of franchising at Potbelly.
  • Potbelly is also looking for experienced franchise partners to lead development across the state border in Mobile, Alabama.
  • Potbelly has a long-term goal of reaching 2,000 shops over the next 10 years, with at least 85% of those locations being franchised, as part of the company’s Franchise Growth Acceleration Initiative.

180 Degree Capital Corp. Reports $6.22 Preliminary Net Asset Value Per Share, -1.6% YTD, and Liquid Public Securities and Cash of 87% of Net Assets, as of June 30, 2023

Retrieved on: 
Thursday, July 20, 2023
Russell Microcap Index, SCOR, IVAC, Potbelly Sandwich Shop, Weakness, NAV, Intevac, Comscore, TURN, Greenbriar Capital Corp, Rare-earth element

MONTCLAIR, N.J., July 20, 2023 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ:TURN) (“180” and the “Company”), today reported preliminary results as of June 30, 2023.

Key Points: 
  • MONTCLAIR, N.J., July 20, 2023 (GLOBE NEWSWIRE) -- 180 Degree Capital Corp. (NASDAQ:TURN) (“180” and the “Company”), today reported preliminary results as of June 30, 2023.
  • “While we are frustrated with our performance in Q2 2023, we used the quarter to position TURN to benefit should certain catalysts of our holdings occur down the road.
  • Our current belief is that some of these catalysts could materialize over the ensuing months.
  • Management continues to believe that TURN’s stock does not reflect the appropriate value of the company and its holdings.

Potbelly Signs Multi-Unit Development Agreement with Company Founder Bryant Keil

Retrieved on: 
Wednesday, July 19, 2023
Partnership, Potbelly Sandwich Shop, Love, City, Environment, Fast food, Potbelly

CHICAGO, July 19, 2023 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ: PBPB), the iconic neighborhood sandwich shop, today announced that it has finalized a 27-shop agreement in Maryland with the company’s founder Bryant Keil and his son Hampden.

Key Points: 
  • CHICAGO, July 19, 2023 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ: PBPB), the iconic neighborhood sandwich shop, today announced that it has finalized a 27-shop agreement in Maryland with the company’s founder Bryant Keil and his son Hampden.
  • The agreement grants Mr. Keil exclusive territory rights in seven Maryland counties – Washington, Frederick, Montgomery, Prince George, Charles, Calvert, and St. Mary’s – to develop 15 new Potbelly shops in the next eight years.
  • Additionally, Potbelly will refranchise 12 existing restaurant locations as part of the transaction.
  • He has a keen understanding of the Potbelly vision and deep appreciation for the brand and what sets us apart,” said Bob Wright, President and CEO of Potbelly.

Potbelly Corporation Announces Conference Call to Discuss Second Quarter 2023 Results on August 3, 2023

Retrieved on: 
Thursday, July 13, 2023
Potbelly Sandwich Shop, Rare-earth element, Management, Cryptocurrency

CHICAGO, July 13, 2023 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ: PBPB) (“Potbelly” or the “Company”), the iconic neighborhood sandwich shop, today announced the date for the release of its second quarter 2023 financial results.

Key Points: 
  • CHICAGO, July 13, 2023 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ: PBPB) (“Potbelly” or the “Company”), the iconic neighborhood sandwich shop, today announced the date for the release of its second quarter 2023 financial results.
  • Potbelly will report its financial results for the fiscal second quarter 2023 on Thursday, August 3, 2023 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 Strengthens Senior Management Team

Retrieved on: 
Monday, June 12, 2023
Metromedia Restaurant Group, Human resources, Restaurant, University, Senior, Potbelly Sandwich Shop, Culture, Checkers, Champaign–Urbana metropolitan area, Vanderbilt University, PepsiCo, Attitude, Human, CFE, Pizza Hut, Acquisition, National Restaurant Association, Growth, Burger King, Character, Education, Management, Psychology, Franchising, Potbelly

CHICAGO, June 12, 2023 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ: PBPB), the iconic neighborhood sandwich shop, today announced two strategic appointments to its corporate leadership team. Industry veteran Lynette McKee, CFE has been named Senior Vice President of Franchising, overseeing all aspects of franchisee recruitment and sales. Patrick Walsh joins Potbelly as Chief People Officer and will oversee and lead the brand’s People team and human resources across the company.         “Franchise-focused development is one of our five strategic pillars to drive long-term profitability and growth,” said Bob Wright, president and CEO of Potbelly. “Lynette’s deep expertise in the franchising space and her proven ability to build and execute successful franchising strategies at major restaurant brands will be invaluable as we continue to scale the Potbelly brand nationwide. We are thrilled to welcome her to the team and look forward to working together to execute against our long-term growth strategy.”

Key Points: 
  • CHICAGO, June 12, 2023 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ: PBPB), the iconic neighborhood sandwich shop, today announced two strategic appointments to its corporate leadership team.
  • Industry veteran Lynette McKee, CFE has been named Senior Vice President of Franchising, overseeing all aspects of franchisee recruitment and sales.
  • Patrick Walsh joins Potbelly as Chief People Officer and will oversee and lead the brand’s People team and human resources across the company.
  • “Franchise-focused development is one of our five strategic pillars to drive long-term profitability and growth,” said Bob Wright, president and CEO of Potbelly.

Potbelly Corporation Provides Second Quarter Business Update

Retrieved on: 
Tuesday, June 6, 2023
Pillar, Interest, Growth, Potbelly Sandwich Shop, Wright, William Blair & Company, Conference, Marketing

Bob Wright, President and Chief Executive Officer of Potbelly Corporation, commented, “We are thrilled with our top line momentum, resulting in a same-store sales growth of 14.4% thus far in the second quarter.

Key Points: 
  • Bob Wright, President and Chief Executive Officer of Potbelly Corporation, commented, “We are thrilled with our top line momentum, resulting in a same-store sales growth of 14.4% thus far in the second quarter.
  • Our same-store sales growth exceeded our initial expectations and has been broad-based with double digit growth across all store types as well as both dine-in and digital.
  • Importantly, we continued to see strong customer traffic, driven by our focus on menu innovation, operational efficiencies and impactful marketing initiatives.
  • Bob Wright, Chief Executive Officer and Steve Cirulis, Chief Financial Officer, are scheduled to present at 8:40 AM CT and host one-on-one meetings with investors.

Potbelly Corporation to Participate at the William Blair’s 43rd Annual Growth Stock Conference

Retrieved on: 
Tuesday, May 30, 2023
Interest, Potbelly Sandwich Shop, Conference, Cryptocurrency, Life insurance

CHICAGO, May 30, 2023 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ: PBPB) (“Potbelly” or the “Company”), the iconic neighborhood sandwich shop, today announced that the Company will participate at the William Blair’s 43rd Annual Growth Stock Conference on Tuesday, June 6, 2023 in Chicago, IL.

Key Points: 
  • CHICAGO, May 30, 2023 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ: PBPB) (“Potbelly” or the “Company”), the iconic neighborhood sandwich shop, today announced that the Company will participate at the William Blair’s 43rd Annual Growth Stock Conference on Tuesday, June 6, 2023 in Chicago, IL.
  • Bob Wright, Chief Executive Officer and Steve Cirulis, Chief Financial Officer, are scheduled to present at 8:40 AM CT and host one-on-one meetings with investors.
  • Interested parties can access the presentation on the Investor Relations section of the Company’s website at www.potbelly.com under the “Events and Presentations” section.

Premier Expands Board of Directors with Appointment of Tom Fitzgerald

Retrieved on: 
Wednesday, May 10, 2023
Construction & Property, Finance, Specialty, Banking, Professional Services, Other Construction & Property, Retail, Residential Building & Real Estate, University, Health, Senior, Business, PepsiCo, Potbelly Sandwich Shop, Bath, Liz Claiborne, Burlington (department store), Sears Canada, Growth, Financial management, NYSE, Charming Charlie, Management

Premier Franchise Management (“Premier”), the largest U.S. residential pool-build and pool-service franchisor, announced that it has appointed Tom Fitzgerald, Chief Financial Officer for Planet Fitness (NYSE: PLNT), to its Board of Directors.

Key Points: 
  • Premier Franchise Management (“Premier”), the largest U.S. residential pool-build and pool-service franchisor, announced that it has appointed Tom Fitzgerald, Chief Financial Officer for Planet Fitness (NYSE: PLNT), to its Board of Directors.
  • “We are pleased to welcome Tom as a director to the Premier Board,” said Paul Porter, founder and Chief Executive Officer of Premier.
  • “He joins Premier at an exciting time in the business and complements our existing board of director’s skills and expertise.
  • “I am excited to work with the Board and leadership team to leverage my experience and help execute against the many opportunities that lay ahead for Premier.”

Potbelly Corporation Reports Strong Results for First Fiscal Quarter 2023

Retrieved on: 
Thursday, May 4, 2023
Pillar, SSS, Omicron, Potbelly Sandwich Shop, National Pizza Month, GAAP, Acquisition, Strategy, Explorer AUV, Adjustment, Cryptocurrency, Video game, CBD, Central business district

CHICAGO, May 04, 2023 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ: PBPB), (“Potbelly” or the “Company”) the iconic neighborhood sandwich shop concept, today reported financial results for the first fiscal quarter ended March 26, 2023.

Key Points: 
  • First Quarter 2023 Strategic Successes:
    Five-Pillar Strategy continued to drive success in traffic, same-store sales (SSS) and franchising momentum.
  • GAAP net loss attributable to Potbelly Corporation was ($1.3) million compared to a GAAP net loss of ($7.9) million.
  • Adjusted net income1 attributable to Potbelly Corporation was $0.6 million compared to an adjusted net loss1 of ($4.4) million.
  • Bob Wright, President and Chief Executive Officer of Potbelly Corporation, commented, “I am happy to report very strong first quarter results, which met or exceeded our preliminary expectations.