Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Bloomberg Customers


February 13, 2016 9:01 PM ET

Hotels, Restaurants and Leisure

Company Overview of Potbelly Corporation

Company Overview

Potbelly Corporation, through its subsidiaries, owns and operates Potbelly Sandwich Works sandwich shops in the United States. It also sells and administers franchises of new Potbelly Sandwich Works sandwich shops. As of December 28, 2014, the company operated 351 shops in 26 states and the District of Columbia; and 12 franchised shops in the Middle East. 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.

222 Merchandise Mart Plaza

23rd Floor

Chicago, IL 60654

United States

Founded in 1977

7,000 Employees

Phone:

312-951-0600

Key Executives for Potbelly Corporation

Chairman, Chief Executive Officer and President
Age: 60
Total Annual Compensation: $725.0K
Senior Vice President of Operations Growth
Age: 59
Total Annual Compensation: $410.9K
Compensation as of Fiscal Year 2014.

Potbelly Corporation Key Developments

Potbelly Corporation Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 27, 2015; Provides Sales Guidance for the Fourth Quarter of 2015 and Earnings Guidance for the Year 2015; Announces Resignation of Bryant Keil from the Board of Directors

Potbelly Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended September 27, 2015. For the quarter, the company reported total revenues increased 13.4% to $96.0 million from $84.7 million. Company-operated comparable store sales increased 3.7%. Adjusted EBITDA decreased 2.5% to $10.8 million from $11.0 million. Adjusted net income attributable to the company decreased to $2.2 million, or $0.08 per diluted share, from adjusted net income of $2.8 million, or $0.09 per diluted share. GAAP net income attributable to the company was $1.4 million, or $0.05 per diluted share, compared to net income of $1.9 million, or $0.06 per diluted share. Income from operations was $2.379 million against $3.254 million a year ago. Income before income taxes was $2.323 million against $3.212 million a year ago. Total revenue increased about 13% to approximately $96 million in the quarter, driven by new unit growth and increase in company-operated same-store sales of 3.7%. For the nine months, the company reported total revenues increased 14.7% to $277.8 million from $242.2 million. Company-operated comparable store sales increased 4.6%. Adjusted EBITDA increased 12.4% to $30.8 million from $27.4 million. Adjusted net income attributable to the company increased to $5.9 million, or $0.20 per diluted share, from adjusted net income of $5.0 million, or $0.16 per diluted share. GAAP net income attributable to the company was $4.4 million, or $0.15 per diluted share, compared to net income of $3.7 million, or $0.12 per diluted share. Income from operations was $7.411 million against $6.267 million a year ago. Income before income taxes was $7.231 million against $6.143 million a year ago. For the full fiscal year of 2015, management currently expects company-operated comparable store sales growth of approximately 4%. Effective tax rate that is expected to range from 39% to 40%. Adjusted net income of approximately $8 million. Full-year diluted earnings per share to range from $0.27 to $0.28. The company expects comp store sales growth of approximately 4%, 48 to 55 total new shops and capital expenditures of $34 million to $38 million. For the fourth quarter, the company expects fourth quarter to be the toughest comp of the year. With sales trends through October, the company now expects same-store sales in the fourth quarter to be in the range of 2% to 2.5%. Bryant Keil has resigned from the Board of Directors of Potbelly effective as of October 30, 2015. Mr. Keil's resignation is not related to any disagreement with Potbelly or with Potbelly's operations, policies or practices.

Potbelly Corporation to Report Q3, 2015 Results on Nov 03, 2015

Potbelly Corporation announced that they will report Q3, 2015 results at 5:00 PM, US Eastern Standard Time on Nov 03, 2015

Potbelly Corporation, Q3 2015 Earnings Call, Nov 03, 2015

Potbelly Corporation, Q3 2015 Earnings Call, Nov 03, 2015

Similar Private Companies By Industry

Company Name Region
Sacajawea Hotel, LLC United States
Hyatt Place Houston/Sugar Land United States
Hampton Inn Manhattan-Financial District Seaport United States
Center Cut Hospitality, Inc. United States
Courtyard Suites by Marriott United States

Recent Private Companies Transactions

Type
Date
Target
Buyback
September 8, 2015
--
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Potbelly Corporation, please visit www.potbelly.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.