Potbelly Corp is a fast-casual restaurant chain that specializes in serving a diverse menu of sandwiches, salads, and sides, with a particular emphasis on its signature toasty sandwiches
The company aims to create a welcoming atmosphere for customers, often incorporating a unique and eclectic interior decor that provides a cozy dining experience. In addition to in-store dining, Potbelly also offers catering services and delivery options, appealing to both individual customers and groups looking for delicious meal solutions. With a focus on high-quality ingredients and a commitment to freshness, Potbelly has carved out a niche in the competitive fast-casual dining sector.
Shares of casual sandwich chain Potbelly (NASDAQPBPB)
jumped 14.8% in the morning session after the company reported strong preliminary Q4 2024 guidance. Same-store sales are now projected to grow slightly by 0.2% to 0.3% y/y, a sharp turnaround from the earlier forecasted decline of 2.5% to 0.5%. Adjusted EBITDA is expected to reach between $8.0 million and $8.4 million, up from the previous estimate of $7.0 million to $8.0 million. Management expressed positive sentiment about the improvements in both sales and profits and plans to add 38 new shop sites in 2025 to better meet rising market demand. Overall, the results underscore management's improved execution capabilities.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how modern fast food stocks fared in Q3, starting with Sweetgreen (NYSESG).
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Looking back on modern fast food stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including Potbelly (NASDAQPBPB) and its peers.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q3. Today, we are looking at modern fast food stocks, starting with Chipotle (NYSECMG).
Looking back on modern fast food stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including Wingstop (NASDAQWING) and its peers.
Casual sandwich chain Potbelly (NASDAQPBPB) reported Q3 CY2024 results beating Wall Street’s revenue expectations, but sales fell 4.7% year on year to $115.1 million. Its non-GAAP profit of $0.08 per share was also 88.2% above analysts’ consensus estimates.
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