Potbelly Corporation, through its subsidiaries, owns, operates, and franchises Potbelly sandwich shops in the United States. The company offers toasty warm sandwiches, salads, soups, chili, sides, desserts, breakfast sandwiches, and steel cut oatmeal. As of December 27, 2020, the company operated approximately 400 shops and 46 franchisees operated shops in the United States. The company was formerly known as Potbelly Sandwich Works, Inc. and changed its name to Potbelly Corporation in 2002. Potbelly Corporation was founded in 1977 and is headquartered in Chicago, Illinois.
IPO Year: 2013
Exchange: NASDAQ
Website: potbelly.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/12/2024 | $15.00 | Hold → Buy | The Benchmark Company |
| 10/24/2023 | $11.00 | Buy | Lake Street |
| 10/17/2023 | $15.00 | Buy | Craig Hallum |
| 10/3/2023 | Hold | The Benchmark Company |
CHICAGO, May 27, 2025 (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, Steve Cirulis, Senior Vice President and Chief Financial Officer, and Adam Noyes, Senior Vice President and Chief Operating Officer, will participate in two upcoming investor conferences. On Wednesday, May 28, 2025, the Company will hold one-on-one meetings with investors at the Craig-Hallum 22nd Annual Institutional Investor Conference in Minneapolis, MN.On Wednesday, June 4, 2025, the Company will be presenting at the William Blair 45th Annual Growth Stock Confere
First quarter system-wide sales growth of 4.8% including positive same-store sales growth Four shop openings and 40 additional franchise shop commitments in the first quarter Reiterates full-year guidance and introduces 2Q'25 guidance including positive same-store sales of 1.5%-2.5% CHICAGO, May 07, 2025 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ: PBPB), ("Potbelly" or the "Company") the iconic neighborhood sandwich shop concept, today reported financial results for its first fiscal quarter ended March 30, 2025. Key highlights for the quarter ended March 30, 2025, compared to March 31, 2024: Average Weekly Sales (AWS) increased 1.2% to $24,550 compared to $24,250.Company-operate
CHICAGO, April 17, 2025 (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 2025 financial results. First Quarter 2025 ResultsPotbelly will report its financial results for the fiscal first quarter 2025 on Wednesday, May 7, 2025 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. Date: Wednesday, May 7, 2025Time: 5:0
Q4 GAAP EPS of $0.15 +67% y-y and Adjusted EPS of $0.13 +550% y-y Q4 increased profitability with Net Income +69% y-y and Adjusted EBITDA +30% y-y Q4 eight shop openings and 29 additional franchise shop commitments in the fourth quarter CHICAGO, March 06, 2025 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ: PBPB), ("Potbelly" or the "Company") the iconic neighborhood sandwich shop concept, today reported financial results for its fourth fiscal quarter and full year ended December 29, 2024 which included 13 and 52 weeks, respectively. The comparable prior-year periods in 2023 included 14 weeks in Q4 and 53 weeks for the fiscal year. Key highlights for the quarter ende
CHICAGO, March 04, 2025 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ: PBPB), the iconic neighborhood sandwich shop concept, today announced the launch of its Potbelly 50/50 Large Area Developer Incentive Program, designed to reward multi-unit operating partners who successfully develop and open shops on an accelerated timeline. This announcement comes as Potbelly continues to strategically execute its long-term growth plans and expand its brand across the U.S. As part of the program, franchisees who enter a Shop Development Area Agreement (SDAA) to open at least 15 Potbelly shops in eight years or less will now have the opportunity to receive substantial financial benefits for beating
CHICAGO, Feb. 26, 2025 (GLOBE NEWSWIRE) -- Tim Rozell and Adam Jackson bring their strong business acumen to Potbelly Sandwich Works' growing franchise network. The duo recently signed a Shop Development Agreement (SDA) which includes the rights to open a Potbelly location in Lake Charles, Louisiana, marking an exciting expansion for the brand in the region. This agreement builds on their previously committed SDA to open three Potbelly locations in Beaumont/Port Arthur, TX, further solidifying their partnership with the brand. "Lake Charles offers great potential for growth, and we're excited to welcome Tim Rozell and Adam Jackson as franchise partners," Todd Owen, Director of Franchising
CHICAGO, Feb. 26, 2025 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ:PBPB), the iconic neighborhood sandwich shop, is excited to announce a significant expansion in St. Louis, Missouri, with the signing of a new Shop Development Agreement (SDA). Longtime franchisee Todd Stimson, who currently owns and operates three Potbelly locations in the area, has committed to opening an additional seven shops in the St. Louis region, further strengthening the brand's presence and growth in the market. The development of these seven new locations underscores Potbelly's ongoing strategic growth plan to partner with proven multi-unit operators in expanding its presence across key markets through fran
CHICAGO, Feb. 26, 2025 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ:PBPB), the iconic neighborhood sandwich shop, is excited to announce its continued expansion in Texas with the signing of two Shop Development Agreements (SDAs). These agreements will bring a total of 11 new Potbelly locations to the Greater Houston area and Austin areas, further solidifying the brand's presence in the Lone Star State. Franchise partners Dana and Richard Biddy will open five new shops in the Pearland-Galveston region, while Jignesh and Nitin Patel will open six locations in the vibrant Austin market. These expansions reflect Potbelly's strategic growth plan to partner with passionate, multi-unit opera
CHICAGO, Feb. 26, 2025 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ:PBPB) Premier Eats LLC, a distinguished multi-unit operator in the foodservice industry, has officially signed a Shop Development Agreement (SDA) with Potbelly Sandwich Works to bring eight Potbelly shops to Virginia Beach, Norfolk, and the surrounding South Hampton Roads area. This partnership represents a significant step in expanding the beloved sandwich shop's presence in Virginia and reflects Potbelly's broader commitment to growth in surrounding markets. "We are excited to partner with Premier Eats LLC to introduce Potbelly to Norfolk and Virginia Beach," said Maureen DiStefano, Director of Franchise Develop
CHICAGO, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ:PBPB), the beloved neighborhood sandwich shop, is excited to announce a major expansion in the Northern Virginia market through an extension of its Shop Development Agreement (SDA). This new agreement builds on the company's existing partnership with former CEO Bryant Keil and his son Hampden Keil, with plans to open additional Potbelly locations in several areas of Northern Virginia. The development of these eight locations aligns with Potbelly's strategic growth plan to expand its footprint through franchising in the State of Virgina and other key markets nationwide. The company remains eager to partner with passi
The Benchmark Company upgraded Potbelly from Hold to Buy and set a new price target of $15.00
Lake Street initiated coverage of Potbelly with a rating of Buy and set a new price target of $11.00
Craig Hallum initiated coverage of Potbelly with a rating of Buy and set a new price target of $15.00
The Benchmark Company initiated coverage of Potbelly with a rating of Hold
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