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 |
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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
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
CHICAGO, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ:PBPB), the beloved neighborhood sandwich shop, is proud to announce its latest expansion in Illinois with the signing of a new Shop Development Agreement (SDA). Franchisees Anand and Nimisha Patel have committed to opening three new Potbelly locations across the Kane and Kendall markets, further solidifying the brand's presence in the region. The development of these markets aligns with Potbelly's strategic growth plan to expand its footprint through franchising in key areas nationwide. The company remains eager to partner with passionate multi-unit operators to expand its footprint in its remaining untapped territori
CHICAGO, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ:PBPB), the beloved neighborhood sandwich destination, is excited to announce a significant expansion in the Pacific Northwest. A recently finalized Shop Development Agreement (SDA) will bring 14 new Potbelly locations to the Portland, Oregon market. The 14 new shops in Portland are a part of Potbelly's strategic growth plan to establish a strong presence in key markets through franchising nationwide. Known for its warm and inviting atmosphere, craveable toasted sandwiches, hand-dipped shakes, and flavorful soups, Potbelly continues to be a favorite destination for fast-casual dining. The company is eager to partner wi
CHICAGO, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ:PBPB), the iconic neighborhood sandwich shop, is excited to announce its growth in the Winston-Salem, North Carolina market with the signing of a new Shop Development Agreement (SDA). The recently finalized agreement marks a franchise partnership with Dion and Keish Hilliard to open six new Potbelly locations across the Winston-Salem, Greensboro, and Burlington, NC markets. The development of these six locations represents a significant step in Potbelly's strategic plan to expand its footprint through franchising in the Carolinas and key markets nationwide. The company remains eager to partner with passionate multi-un
CHICAGO, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ:PBPB), the iconic neighborhood sandwich shop, is excited to announce its expansion into the Northern Delaware, Philadelphia, Pennsylvania market, with two new locations on the horizon. Known for its craveable toasted sandwiches, hand-dipped milkshakes, and welcoming neighborhood vibe, Potbelly is set to become the region's newest favorite dining destination. Residents of Kent and New Castle Counties in Delaware, along with those in South Philadelphia, can look forward to enjoying Potbelly's signature menu, featuring freshly made sandwiches toasted to perfection, mouthwatering sides, and indulgent desserts, all serve
CHICAGO, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ:PBPB), the iconic neighborhood sandwich shop, is thrilled to announce its continued expansion in the South. A newly finalized Shop Development Agreement (SDA) with franchisee Michael Wimberly will bring four new Potbelly locations to the Jackson, Mississippi market. The addition of these four shops in Jackson is a key part of Potbelly's strategic growth plan to expand its footprint through franchising in key markets across the United States. The company remains eager to partner with passionate multi-unit operators to expand its footprint in its remaining untapped territories in the State of Mississippi and surrounding
CHICAGO, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ:PBPB), the iconic neighborhood sandwich shop, has announced its continued expansion in the Phoenix, Arizona market with the signing of a new Shop Development Agreement (SDA). This agreement marks a franchised partnership with Adam Warda to open five new Potbelly locations in the vibrant Phoenix area. The development of these five locations aligns with Potbelly's strategic growth plan to expand its footprint through franchising in the State of Arizona and in key markets nationwide. The company remains eager to partner with passionate multi-unit operators to expand its footprint in its remaining untapped territories in
CHICAGO, Feb. 18, 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 fourth quarter and full year 2024 financial results. Fourth Quarter and Full Year 2024 ResultsPotbelly will report its financial results for the fiscal fourth quarter and full year 2024 on Thursday, March 6, 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 C
CHICAGO, Feb. 18, 2025 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ:PBPB) Potbelly Sandwich Works, the popular fast-casual restaurant known for its delicious sandwiches and inviting atmosphere, is thrilled to announce exclusive franchise opportunities for ambitious business owners to be the sole developer/operator in the markets of Memphis, TN; Knoxville, TN; Chattanooga, TN; Lexington, KY; and Huntsville, AL. This unique opportunity to develop in markets with on average 4-6 shop trade areas enables individuals to establish a dominant presence by opening multiple Potbelly locations and owning the entire market. With a proven business model, a beloved brand, and comprehensive support,
CHICAGO, Feb. 18, 2025 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ:PBPB) Potbelly Sandwich Works, the popular fast-casual restaurant known for its delicious sandwiches and inviting atmosphere, is thrilled to announce exclusive franchise opportunities for ambitious business owners to be the sole developer/operator markets in Omaha, NE; Wichita, KS; Colorado Springs, CO; Provo, UT; Killeen/Temple, TX; and Albuquerque, NM. This unique opportunity to develop on average 4–6 trade areas enables individuals to establish a dominant presence by opening multiple Potbelly locations and owning the entire market. With a proven business model, a beloved brand, and comprehensive support, Potbel
CHICAGO, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ:PBPB), the beloved neighborhood sandwich destination, is excited to announce a significant expansion in the Pacific Northwest. A recently finalized Shop Development Agreement (SDA) will bring 14 new Potbelly locations to the Portland, Oregon market. The 14 new shops in Portland are a part of Potbelly's strategic growth plan to establish a strong presence in key markets through franchising nationwide. Known for its warm and inviting atmosphere, craveable toasted sandwiches, hand-dipped shakes, and flavorful soups, Potbelly continues to be a favorite destination for fast-casual dining. The company is eager to partner wi
CHICAGO, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ:PBPB), the iconic neighborhood sandwich shop, is excited to announce its expansion into the Northern Delaware, Philadelphia, Pennsylvania market, with two new locations on the horizon. Known for its craveable toasted sandwiches, hand-dipped milkshakes, and welcoming neighborhood vibe, Potbelly is set to become the region's newest favorite dining destination. Residents of Kent and New Castle Counties in Delaware, along with those in South Philadelphia, can look forward to enjoying Potbelly's signature menu, featuring freshly made sandwiches toasted to perfection, mouthwatering sides, and indulgent desserts, all serve
CHICAGO, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ:PBPB), the iconic neighborhood sandwich shop, is thrilled to announce its continued expansion in the South. A newly finalized Shop Development Agreement (SDA) with franchisee Michael Wimberly will bring four new Potbelly locations to the Jackson, Mississippi market. The addition of these four shops in Jackson is a key part of Potbelly's strategic growth plan to expand its footprint through franchising in key markets across the United States. The company remains eager to partner with passionate multi-unit operators to expand its footprint in its remaining untapped territories in the State of Mississippi and surrounding
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
CHICAGO, Feb. 18, 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 fourth quarter and full year 2024 financial results. Fourth Quarter and Full Year 2024 ResultsPotbelly will report its financial results for the fiscal fourth quarter and full year 2024 on Thursday, March 6, 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 C
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
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
Fourth quarter same-store sales growth of 6.3% and AWS of $24,960, with traffic growth as a major driver 202 new shop commitments to-date under the Franchise Growth Acceleration Initiative Provides first quarter and full year 2024 outlook; Introduces new long-term growth ranges 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 highlights for the quarter ended December 31, 2023,
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. Fourth Quarter and Full Year 2023 ResultsPotbelly 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 Ci
8.0% same-store sales growth and AWS of $25,190, with traffic growth as a major driver 150 new shop commitments to-date under the Franchise Growth Acceleration Initiative Delivered at or above all guidance ranges; provides fourth quarter outlook CHICAGO, Nov. 01, 2023 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ: PBPB), ("Potbelly" or the "Company") the iconic neighborhood sandwich shop concept, today reported financial results for the third fiscal quarter ended September 24, 2023. Key highlights for the quarter ended September 24, 2023, compared to September 25, 2022: Total revenues increased by 2.7% to $120.8 million compared to $117.6 million.Average Weekly Sales (AWS) increas
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