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August 03, 2015 6:16 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 Appoints Carl Warschausky to its Board of Directors

Potbelly Corporation announced that Carl Warschausky has been appointed to its Board of Directors. Since September 2008, Mr. Warschausky has been the President and Chief Executive Officer of World Kitchen, LLC. Mr. Warschausky has been with World Kitchen, LLC since 2008, serving in various roles including Chief Operating Officer, President of the North America division, and Chief Financial Officer.

Potbelly Corporation Announces Unaudited Consolidated Earnings Results for First Quarter Ended March 29, 2015 ; Provides Earnings Guidance for the Year 2015 ; Reports Impairment Charges for the First Quarter Ended March 31, 2015

Potbelly Corporation announced unaudited consolidated earnings results for first quarter ended March 29, 2015. For the quarter, the company reported total revenues of $85,768,000, income from operations of $948,000, income before income taxes of $887,000, net income attributable to company of $531,000 or $0.02 per basic and diluted share, adjusted net income attributable to company of $821,000 or $0.03 per basic and diluted share, adjusted EBITDA of $8,234,000 compared to the total revenues of $73,881,000, loss from operations of $441,000, loss before income taxes of $483,000, net loss attributable to company of $301,000 or $0.01 per basic and diluted share, adjusted net income attributable to company of $203,000 or $0.01 per basic and diluted share, adjusted EBITDA of $6,321,000 for the same quarter a year ago. The company-operated same-store sales were 5.4%, was driven by traffic and check. For the full fiscal year of 2015, management currently expected at least 20% annual adjusted net income growth. For the year, the company expected low single-digit company-operated comparable store sales growth; and an effective tax rate that is not expected to exceed approximately 40.0%. The company expects at least 3% company-operated comparable sales growth. Capital expenditures are expected to be between $34 million and $38 million. For the quarter, the company reported impairment and loss on disposal of property and equipment of $348,000 compared to the $848,000 for the same quarter year ago.

Potbelly Corporation Appoints Julie Younglove-Webb as New Senior Vice President of Operations

Potbelly Corporation announced the promotion of Julie Younglove-Webb as its new Senior Vice President of Operations, effective May 1, 2015. Ms. Younglove-Webb will oversee all aspects of company operations. Prior to Potbelly, Ms. Younglove-Webb held a number of leadership positions within IBM, Kmart and Sears Holdings Corporation.

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