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Potbelly Corporation  (PBPB)
Other Ticker:  
 
    Sector  Services    Industry Restaurants
   Industry Restaurants
   Sector  Services
 
Price: $9.9700 $1.70 20.556%
Day's High: $10.18 Week Perf: 33.11 %
Day's Low: $ 8.28 30 Day Perf: 21.88 %
Volume (M): 612 52 Wk High: $ 14.36
Volume (M$): $ 6,098 52 Wk Avg: $9.54
Open: $8.28 52 Wk Low: $6.28



 Market Capitalization (Millions $) 306
 Shares Outstanding (Millions) 31
 Employees 5,000
 Revenues (TTM) (Millions $) 477
 Net Income (TTM) (Millions $) 37
 Cash Flow (TTM) (Millions $) -26
 Capital Exp. (TTM) (Millions $) 18

Potbelly Corporation
The sandwich concept known as Potbelly Corporation has been serving customers for over 40 years with a variety of fresh menu items such as warm, toasty sandwiches, signature salads, hand-dipped shakes, and freshly-baked cookies, all customizable to meet individual preferences. Potbelly aims to provide Fresh, Fast & Friendly service in a welcoming environment that reflects the local neighborhood. Its employees are trained to engage with customers in a personalized and genuine way to create a memorable experience. Potbelly believes that its success stems from its culture, which is embodied in The Potbelly Advantage, a combination of its Vision, Mission, and Values that form the foundation of its operations. As of December 25, 2022, Potbelly had 429 shops across 31 states and the District of Columbia. The company operates 384 shops while franchisees operate 45 shops.

Potbelly's story began in 1977 as a small antique store on Lincoln Avenue in Chicago, where the original owner started offering warm sandwiches to boost sales. The sandwiches became so popular that Potbelly became a well-known neighborhood destination with a loyal following of regulars. Potbelly opened its second shop in 1997 and continued to expand, reaching 100 shops in 2005, 200 shops in 2008, 300 shops in 2013, and 400 shops in 2016. Throughout its growth, Potbelly has maintained core elements in each new location, such as fast and efficient line flow, vintage d'cor customized with local details, and exceptional customer focus.

Potbelly's business strategy involves being proactive and deliberate in efforts to drive profitable growth in its existing business through its "Traffic-Driven Profitability" 5-pillar strategic plan, which includes improvements to the overall customer experience, a simplified menu, an enhanced Potbelly Perks rewards program, and a better digital customer experience. Potbelly is prioritizing low-cost, high-return traffic driving opportunities and initiatives that focus on expanding shop-level margins. The company invests in systems and technology to improve shop-level execution, and is expanding its off-premise business, including catering, delivery, and pickup, as additional growth drivers.

Potbelly believes that continued excellence in shop-level execution is fundamental to its growth and improved performance. The company uses a Balanced Scorecard approach to measure People, Customers, Sales, and Profits at each of its shops. It hires the right people and maintains optimal staffing levels to run efficient operations. Shop sales and profitability are benchmarked against prior year periods and budget, with targets set on a shop-by-shop basis. Potbelly invests in systems and technology to improve shop-level execution, and is expanding its off-premise business, including catering, delivery, and pickup, as additional growth drivers. Potbelly's company-operated shops are successful in diverse markets in 20 states and the District of Columbia, located in multiple types of neighborhoods and formats, including suburban, urban, central business districts, airports, and others. Potbelly evaluates a number of metrics to assess the optimal sites for its new shops, which allows it to achieve strong returns across a wide range of real estate settings. The company's brand position, "Potbelly is the sandwich shop with the craveable quality and good vibes of a first-class dive," reflects its brand strength and competitive advantage and has broad appeal across a wide range of market types and geographies.


   Company Address: 111 N. Canal Street Chicago 60606 IL
   Company Phone Number: 951-0600   Stock Exchange / Ticker: NASDAQ PBPB


   

Stock Performances by Major Competitors

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Partnership

Potbellys Strategic Growth Robust Financials Fuel Expansion into Georgia,

Published Fri, Nov 8 2024 1:30 PM UTC

'Potbelly's Expansion Plans: A Look at Financial Performance and Growth Prospects in Georgia'In a strategic move for growth, Potbelly Corporation has announced its plans to expand into Georgia through a 15-unit development agreement. As the beloved sandwich chain seeks to strengthen its presence, its recent financial performance reflects a promising outlook. The company repo...

Management Announcement

Potbelly Corporation Expands Military Presence and Overcomes Stock Market Challenges to Serve Armed Forces

Published Thu, Jul 11 2024 12:41 PM UTC

Potbelly Expands Military Presence and Continues to Defy Stock Market Trends
Potbelly Corporation, the renowned sandwich chain, has recently made its mark at the Pentagon, following the successful opening of its first shop at Fort Liberty. With two more locations under development, Potbelly is further expanding its presence at military installations across the country. T...

Potbelly Corporation

Potbelly Corporation faces minor setback with -6.018% revenue decline in recent financial report

Potbelly Corporation, a popular sandwich chain, has seen its stock experience some significant fluctuations in recent weeks. Over the trailing 30 days, the stock dropped by -15.02%, which is a considerable decline. However, there was some positive news for investors as the stock improved by 3.4% over the past week.
Currently trading on the NASDAQ, Potbelly Corporation stock is 8.8% above its 52-week average. This indicates that despite the recent drop, the stock is still performing relatively well compared to its historical average.

Potbelly Corporation

Decrease in Earnings Per Share Despite Revenue Growth for Potbelly Corporation in Q4 2023

Potbelly Corporation, a well-known sandwich chain, recently disclosed its financial results for the period ending December 31, 2023. Despite an increase in revenue by 4.658% to $125.75 million compared to the previous year, the company experienced a decline in income per share by -3.35% to $0.08. This decrease in earnings per share from the prior period could be concerning for investors. However, it is important to note that income per share was $0.09 in the comparable period a year before.
In terms of net profits, Potbelly Corporation saw a slight decrease of -0.11% to $2.751 million in the October to December 31, 2023 timeframe compared to the previous year. The company shifted its focus on improving sales during this period, resulting in a net margin of 2.19%. Additionally, there was a notable increase in operating earnings by 30.25% to $4.224 million.
One positive signal for Potbelly Corporation is the decrease in inventories to $3.5 million in the most recent period, indicating potential for future demand. Furthermore, the buildup in accounts receivable, which were valued at $8.0 million, suggests an increase in demand for the company's products.

Management Announcement

Potbelly Corporation Secures $30 Million Credit Facility, Forecasting Substantial Savings on Interest Expenses

Published Mon, Feb 12 2024 1:01 PM UTC

Potbelly Corporation Secures New Credit Facility, Anticipates Significant Interest Savings
Potbelly Corporation, a popular sandwich chain, has recently announced the establishment of a three-year credit facility amounting to $30 million. The company expects this move to result in substantial savings, estimating approximately $2 million in net interest on an annualized ba...







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