PBPB Stock Recent News

Potbelly (PBPB) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.

Potbelly (PBPB) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

CHICAGO, Oct. 11, 2023 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ:  PBPB ) (“Potbelly” or the “Company”), the iconic neighborhood sandwich shop, today announced the date for the release of its third quarter 2023 financial results.

Potbelly Corporation's sales growth may be plateauing, with average weekly unit volumes around $25,000 to $26,000. Trends from the latter part of Q2 2023 and its Q3 2023 guidance suggest a slowdown in Potbelly sales growth. The resumption of student loan payments in October is also likely to be a bit of a headwind.

Potbelly Corporation (NASDAQ:PBPB ) Q2 2023 Earnings Conference Call August 3, 2023 12:00 PM ET Company Participants Bob Wright - President, CEO Steve Cirulis - SVP, CFO Will Atkins - VP, Controller Conference Call Participants Jeff Priester - ICR Sharon Zackfia - William Blair Operator Good afternoon, everyone, and welcome to Potbelly Corporation's Second Quarter 2023 Earnings Conference Call. Today's call is being recorded.

Potbelly released its Q2 earnings on Thursday, missing estimates on top line, although revenue is still up 9.2 percent year-over-year. Potbelly CEO Bob Wright joins Yahoo Finance Live to discuss the report, the state of the fast casual dining industry, consumer spending, inflation, and the potential for company expansion.

CHICAGO, July 13, 2023 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ: PBPB) (“Potbelly” or the “Company”), the iconic neighborhood sandwich shop, today announced the date for the release of its second quarter 2023 financial results.

Easing inflation is starting to strengthen the outlook for many Zacks Retail-Restaurants stocks and they could start to outperform the broader market with rising earnings estimates serving as a strong catalyst for more upside.

Potbelly reported +14.4% same-store sales growth in the first two months of Q2 2023 despite tougher year-over-year comps. It looks capable of hitting +14% or better same-store sales growth over the full year, allowing it to reach its 2024 sales targets ahead of schedule. However, a Supreme Court decision on Biden's student loan forgiveness plan is expected within the next month.

Potbelly's (PBPB) releases second-quarter 2023-to-date business update wherein same-store sales and average unit volumes exceed expectations.