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Potbelly Corporation

Potbelly Corporation

NASDAQ•PBPB
CEO: Mr. Robert D. Wright
Sector: Consumer Cyclical
Industry: Restaurants
Listing Date: 2013-10-04
Potbelly Corporation, through its subsidiaries, owns, operates, and franchises Potbelly sandwich 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.
Contact Information
111 North Canal Street, Suite 325, Chicago, IL, 60606, United States
312-951-0600
www.potbelly.com
Market Cap
$517.98M
P/E (TTM)
48.0
47.5
Dividend Yield
--
52W High
$17.13
52W Low
$7.27
52W Range
100%
Rank48Top 64.4%
3.3
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3.3 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q2 2025 Data

Revenue

$123.71M+3.35%
4-Quarter Trend

EPS

$0.08-92.90%
4-Quarter Trend

FCF

$7.91M-604.60%
4-Quarter Trend

2025 Q2 Earnings Highlights

Key Highlights

Total Revenue Increased 3.4% Total revenues reached $123.7M for the quarter, marking a 3.4% increase from $119.7M last year, driven by shop sales growth.
Comparable Sales Growth Strong Same store sales grew 2.8% for the quarter, significantly outpacing the 0.4% growth reported in the prior year period comparisons.
Shop Profit Margin Improved Shop-level profit margin expanded 100 basis points to 16.7% this quarter, reflecting better cost control relative to sandwich shop sales.
Operating Cash Flow Surged Net cash provided by operating activities YTD totaled $22.4M, a substantial increase from $3.9M provided in the prior year period.

Risk Factors

Quarterly Net Income Declined Net income attributable to Potbelly Corporation fell 92.8% to $2.5M, heavily impacted by the prior year's large income tax benefit.
Operating Income Fell Income from operations decreased by 10.1% to $3.7M for the quarter, despite revenue increases, due to rising operating expenses.
General Administrative Costs Rise General and administrative expenses increased 12.6% to $13.4M, driven by higher payroll, incentive compensation, and consulting costs.
Company Shop Count Decreased Company-operated shops declined by six units YTD, ending the period with 340 locations, partially offset by franchise growth.

Outlook

Five-Pillar Strategy Focus Management continues proactive efforts focusing on the "Traffic-Driven Profitability" Five-Pillar strategic plan for profitable growth.
Franchise Development Expected Expect franchise-operated shop openings to increase as franchisees progress on development commitments and agreements.
Liquidity Position Adequate Cash balance of $17.0M and total liquidity of $46.2M provide sufficient resources for at least the next twelve months.
Capital Expenditures Continue Investing cash used increased to $10.8M YTD, driven by capital expenditures for new shops and digital platform investments.

Peer Comparison

Revenue (TTM)

Arko Corp.ARKO
$7.84B
-12.6%
Bloomin' Brands, Inc.BLMN
$3.95B
-13.1%
Jack in the Box Inc.JACK
$1.47B
-6.7%

Gross Margin (Latest Quarter)

Bloomin' Brands, Inc.BLMN
70.4%
+56.8pp
Legacy Housing CorporationLEGH
41.8%
-9.9pp
Dine Brands Global, Inc.DIN
38.0%
-9.9pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
BLMN$653.62M-11.3-18.4%67.4%
MNRO$634.92M-33.3-3.1%31.6%
ARKO$559.38M30.45.1%72.2%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
2.4%
Moderate Growth
4Q Net Income CAGR
-12.7%
Declining Profitability
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Mar 4, 2026
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EPS:-
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Revenue:-
Reports
All Years

  • Form 10-Q - Q2 2025

    Period End: Jun 29, 2025|Filed: Aug 6, 2025|
    Revenue: $123.71M+3.4%
    |
    EPS: $0.08-92.9%
    Miss

  • Form 10-Q - Q1 2025

    Period End: Mar 30, 2025|Filed: May 7, 2025|
    Revenue: $113.68M+2.3%
    |
    EPS: $-0.00-97.8%
    Beat

  • Form 10-K - FY 2024

    Period End: Dec 29, 2024|Filed: Mar 6, 2025|
    Revenue: $462.60M-5.9%
    |
    EPS: $1.35+650.0%
    Beat

  • Form 10-Q - Q3 2024

    Period End: Sep 29, 2024|Filed: Nov 7, 2024|
    Revenue: $115.12M-4.7%
    |
    EPS: $0.12+135.3%
    Beat

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 8, 2024|
    Revenue: $119.70M-5.5%
    |
    EPS: $1.16+1428.3%
    Beat

  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 8, 2024|
    Revenue: $111.15M-6.0%
    |
    EPS: $-0.09+103.9%
    Miss

  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Mar 8, 2024|
    Revenue: $491.41M+8.7%
    |
    EPS: $0.18+20.0%
    Beat

  • Form 10-Q - Q3 2023

    Period End: Sep 24, 2023|Filed: Nov 1, 2023|
    Revenue: $120.77M+2.7%
    |
    EPS: $0.05-83.5%
    Beat