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

65.4

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)

BWMX

$14.22B

+3.6%

ARKO

$7.64B

-12.5%

BLMN

$3.96B

+3.4%

Gross Margin (Latest Quarter)

PTLO

175.3%

-24.3pp

BLMN

70.2%

+56.8pp

BWMX

68.5%

-2.7pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
GDEN	$763.23M	-62.4	-2.8%	57.7%
ARKO	$706.47M	31.6	6.2%	111.8%
BWMX	$638.86M	11.0	87.5%	51.6%

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

Deep Research

Next earnings:Mar 4, 2026

EPS:-

Revenue:-

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data