CHICAGO, Nov. 08, 2024 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ:PBPB), the iconic neighborhood sandwich shop, today announced the completion of six new multi-unit development agreements. The commitments, which include an expanded partnership with Potbelly founder Bryant Keil, will bring new Potbelly shops to markets in six states across the country including Arizona, Illinois, Missouri, North Carolina, Texas and Virginia, with new and existing franchisee partners. These deals, all signed since July, represent a total of 32 new shops and align with the company's plans to drive long-term growth with a franchise-led approach. "These commitments represent our dedication to executi

CHICAGO, Nov. 08, 2024 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ:PBPB), the iconic neighborhood sandwich shop, today announced plans to open its first shops in Georgia after finalizing a multi-unit development agreement with franchise partner Royal Restaurant Group. Through the agreement, Royal Restaurant Group, a national franchise group that successfully operates restaurant locations for global brands, will bring 15 Potbelly shops to Georgia, all in the greater Atlanta region. This is Potbelly's first development agreement in Georgia and its second with Royal Restaurant Group.         "The signing of this development agreement marks a significant step forward in the executi

GAAP EPS of $0.12 +140% y-y and Adjusted EPS of $0.08 +100% y-y Increased Profitability with Net Income +150% y-y and Adjusted EBITDA +19% y-y Eight shop openings and 32 additional franchise shop commitments in the third quarter CHICAGO, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ: PBPB), ("Potbelly" or the "Company") the iconic neighborhood sandwich shop concept, today reported financial results for its third fiscal quarter ended September 29, 2024. Key highlights for the quarter ended September 29, 2024, compared to September 24, 2023: Average Weekly Sales (AWS) decreased 1.3% to $24,870 compared to $25,190.Total revenues decreased by 4.7% to

CHICAGO, Oct. 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 third quarter 2024 financial results. Third Quarter 2024 ResultsPotbelly will report its financial results for the fiscal third quarter 2024 on Thursday, November 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. Date: Thursday, November 7, 2024Ti

22 additional new franchise shop commitments in the second quarter 9 shop openings year-to-date through August 8th CHICAGO, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ: PBPB), ("Potbelly" or the "Company") the iconic neighborhood sandwich shop concept, today reported financial results for its second fiscal quarter ended June 30, 2024. Key highlights for the quarter ended June 30, 2024, compared to June 25, 2023: Average Weekly Sales (AWS) increased 0.6% to $26,110 and, inclusive of the impact of refranchising 26 former company locations since Q1 2023.Total revenues decreased by 5.5% to $119.7 million compared to $126.6 million. Company-operated sandwich shop

CHICAGO, July 18, 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 second quarter 2024 financial results. Second Quarter 2024 ResultsPotbelly will report its financial results for the fiscal second quarter 2024 on Thursday, August 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. Date:Thursday, August 8, 2024Time

Further Expands Presence at Military Installations Following First Shop Opening at Fort Liberty, Two Additional Under Development Neighborhood Sandwich Shop to Host Grand Opening Ribbon Cutting, All Sales on July 16 will Benefit Tunnel to Towers CHICAGO, July 11, 2024 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ:PBPB), the iconic neighborhood sandwich shop concept, has opened its first location at the Pentagon, deepening its presence on military installations and Department of Defense facilities. In addition to the Pentagon location, Potbelly is continuing to execute on its previously announced plans to develop three restaurants at Fort Liberty, one of the largest military installat

CHICAGO, May 22, 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 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.On June 4, 2024, the Company will be presenting at the William Blair 44th Annual Growth Stock Conference in Chicago, IL. Potbelly's presentation will begin at 10:40 AM Central Time and will

First quarter system-wide sales growth of 1.9% and AWS of $24,250 32 additional new franchise shop commitments in the first quarter Announces $20 million share repurchase program CHICAGO, May 08, 2024 (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 31, 2024. Key highlights for the quarter ended March 31, 2024, compared to March 26, 2023: Total revenues decreased by 6.0% to $111.2 million compared to $118.3 million, which included revenue from 33 shops that were refranchised in 2023. Average Weekly Sales (AWS) increased 1.6% to

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. First Quarter 2024 ResultsPotbelly 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. Date:Wednesday, May 8, 2024Time: 5:00

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Benchmark analyst Todd Brooks reiterates Potbelly (NASDAQ:PBPB) with a Buy and maintains $16 price target.

2024 Same Store Sales % Growth to be Low-Single Digit

Potbelly (NASDAQ:PBPB) reported quarterly earnings of $0.01 per share which beat the analyst consensus estimate of $(0.01) by 200 percent. This is a 50 percent decrease over earnings of $0.02 per share from the same period last year. The company reported quarterly sales of $111.153 million which beat the analyst consensus estimate of $109.537 million by 1.48 percent. This is a 6.02 percent decrease over sales of $118.270 million the same period last year.

Although U.S. stocks closed lower on Friday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company's prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision. Below is a look at a few recent notable insider purchases. For more, check out Benzinga's insider transactions platform. Talos Energy The Trade: Talos Energy Inc. (NYSE:TALO) 10% owner Control Empresarial de Capitales S.A. de C.V. acquired a total

Gainers Ballys (NYSE:BALY) shares increased by 26.1% to $13.39 during Monday's regular session. The market value of their outstanding shares is at $611.1 million. Smart Share Glb (NASDAQ:EM) stock rose 13.11% to $0.69. The market value of their outstanding shares is at $179.2 million. Qurate Retail (NASDAQ:QRTEB) shares rose 12.93% to $5.48. The company's market cap stands at $2.1 billion. Niu Techs (NASDAQ:NIU) shares increased by 12.42% to $1.95. The market value of their outstanding shares is at $150.8 million. NWTN (NASDAQ:NWTN) stock moved upwards by 11.43% to $4.72. The company's market cap stands at $1.3 billion. Losers Jeffs Brands (NASDAQ:JFBR) shares decreased by 55.6% to $

Benchmark analyst Todd Brooks maintains Potbelly (NASDAQ:PBPB) with a Buy and raises the price target from $15 to $16.

Lake Street analyst Mark Smith maintains Potbelly (NASDAQ:PBPB) with a Buy and raises the price target from $13 to $15.

Craig-Hallum analyst Jeremy Hamblin maintains Potbelly (NASDAQ:PBPB) with a Buy and raises the price target from $16 to $20.

Chair Mary J. Guilfoile, Who Has Served With Distinction, to Step Down Following the 2024 Annual Meeting William S. Simon and Jill Sutton, Who Collectively Possess Experience in Capital Allocation, Corporate Governance and Transformations, Have Been Added to the Board Pitney Bowes Inc. (NYSE:PBI) ("Pitney Bowes" or the "Company"), a global shipping and mailing company that provides technology, logistics and financial services, today announced that Mary J. Guilfoile will step down as Chair and retire from the Board of Directors (the "Board") following the 2024 Annual Meeting of Stockholders (the "Annual Meeting"). The Board will elect a new Chair following Ms. Guilfoile's retirement. Add

Appoints Industry Veteran Lynette McKee Senior Vice President of Franchising Names Patrick Walsh Chief People Officer 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-t

CHICAGO, Aug. 17, 2021 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ:PBPB) ("Potbelly" or the "Company"), the iconic neighborhood sandwich shop, today announced the appointment of David Daniels as its Chief Marketing Officer ("CMO") effective August 23, 2021. In this senior leadership role, Mr. Daniels will report to Bob Wright, President and Chief Executive Officer of Potbelly. Mr. Daniels will lead the Branding, Marketing and Digital teams as he focuses on leveraging the unique Potbelly brand position in support of the Company's growth strategy. His leadership responsibilities will include further development of the brand vision and digital marketing strategy that drives brand awarene

CHICAGO, May 26, 2021 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ:PBPB), the iconic neighborhood sandwich shop, today announced the appointment of Larry Strain as its Chief Development Officer ("CDO") effective immediately. Potbelly is contracting with Restaurant Development Experts (RDE), LLC in connection with Mr. Strain's engagement for this role and Bob Wright, President and Chief Executive Officer of Potbelly, will have oversight responsibility for him in this leadership position. Mr. Strain will oversee four key areas of shop development including Corporate Development Services, Franchise Sales & Development, Brokerage Services & Tenant Representation, and Strategic & Trade Area

CHICAGO, April 05, 2021 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ: PBPB), the iconic neighborhood sandwich shop, today announced the appointment of Scott Swayne as the Company’s Chief People Officer (“CPO”) effective as of April 26, 2021. In this senior leadership role, Mr. Swayne will report to Bob Wright, President and Chief Executive Officer of Potbelly. Mr. Swayne will lead the Human Resources and People Team in developing and advancing strategic initiatives that further strengthen Potbelly’s dynamic culture and drive best-in-class talent acquisition solutions. Bob Wright, President and Chief Executive Officer of Potbelly commented, “I’m thrilled to welcome Scott to his new an

CHICAGO, Dec. 22, 2020 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ: PBPB), the iconic neighborhood sandwich shop, today announced the appointment of Adiya Dixon as Chief Legal Officer and Secretary. In this role, Ms. Dixon will serve as in house legal advisor to the Company’s executive team and Board of Directors on legal business issues. She will also manage all legal matters across the organization including regulatory compliance, risk mitigation, business transactions, litigation, real estate and franchisee business as well as corporate securities. Bob Wright, President and Chief Executive Officer of Potbelly commented, “I’m excited to welcome Adiya to her new role at Potbelly. Sh

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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