PBPB Stock Recent News

CHICAGO--(BUSINESS WIRE)-- #ZAPPSPOTBELLY--Potbelly Sandwich Works (NASDAQ: PBPB), the iconic neighborhood sandwich shop, is heating up taste buds this summer with its new signature Hot Pepper Flavored Potato Chips in partnership with Zapp's® (NYSE: UTZ), the daringly different brand of chips and pretzels with bold flavors rooted in the sights and sounds of The Big Easy. The new chips bring the flavor of Potbelly's craveable signature Hot Peppers in a spicy, snackable, portable form, now available exclusively a.

JOLIET, IL — Years ago, a member of the Joliet Police Department told Joliet Patch to pay close attention in that for every new restaurant that opens around Joliet, another one closes. But maybe it's the other way around. After all, Joliet just saw its only west side Pop's Italian Beef go out of business at 1866 West Jefferson Street, over near Larkin Avenue. However, there is no time for despair. That's because Joliet's foodies began rejoicing and sharing the great news on Tuesday that Joliet's first Fry The Coop chicken restaurant just opened for business. Fry The Coop replaced the Mooyah Burger in the same brick restaurant building as the Chipotle Mexican Grill and Pot Belly Sandwich Shop, at 2611 West Jefferson Street. "Yes, our chicken is 100 percent Halal certified," the Fry The Coop website explained. "However, we fry all our chicken and fries in beef fat. Unfortunately, that beef fat is not Halal. Currently, Halal certified beef fat does not exist in large quantities for rest

Potbelly's stock surged 18% on May 7, marking a 40% increase since my initial recommendation, driven by strong same-store sales growth and effective engagement initiatives like Potbelly Perks. Despite a challenging Q4, Potbelly's Q1 FY 2025 results exceeded expectations with 0.9% same-store sales growth, boosted by new menu items and value promotions. Potbelly's expansion strategy includes opening 38 new locations in FY 2025, aiming for 2,000 U.S. locations, supported by a healthy balance sheet and low debt.

Potbelly delivered +0.9% company-operated same-store sales in Q1 2025, beating its guidance for -1.5% to -0.5%. Potbelly's guidance had included a 1.5% negative impact from winter weather. Potbelly's adjusted EBITDA performance also exceeded expectations.

Potbelly (PBPB) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of a loss of $0.02. This compares to earnings of $0.01 per share a year ago.

Restaurant stocks are likely to have benefited from expanding store footprints, digitizing service channels, and menu enhancements in the first quarter of 2025.

PBPB remains fundamentally strong, driven by its five-pillar strategy, which emphasizes store expansion through franchising, digital growth and menu innovation.

Potbelly's stock dropped 20% despite beating Q4 FY 2024 EPS and revenue expectations due to plans to resume building company-owned stores, deviating from its asset-light strategy. Management aims to open 20 company-owned restaurants annually starting in late FY 2025, complementing franchise growth and leveraging high-volume markets like Texas and the Midwest. Potbelly's FY 2025 guidance includes 1.5%-2.5% same-store sales growth, 38 new openings, and adjusted EBITDA of $33-$34 million, with a strong buy recommendation under $12.

PBPB's fiscal fourth-quarter top line is negatively impacted by the absence of a 53rd week in 2024 and the company's ongoing refranchising strategy.

Potbelly Corporation (NASDAQ:PBPB ) Q4 2024 Earnings Conference Call March 6, 2025 5:00 PM ET Company Participants Adiya Dixon – Senior Vice President, Chief Legal Officer and Secretary Bob Wright – President and Chief Executive Officer Steve Cirulis – Senior Vice President and Chief Financial Officer Conference Call Participants Jeremy Hamblin – Craig Hallum Capital Group Alex Sturnieks – Lake Street Capital Markets Todd Brooks – The Benchmark Company Matt Curtis – William Blair Operator Good afternoon, everyone, and welcome to Potbelly Corporation's Fourth Quarter 2024 Earnings Conference Call. Today's call is being recorded.