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 |
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
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
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
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, 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
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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 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