November 18, 2017 2:04 AM 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 Potbelly Sandwich Works sandwich shops. As of November 3, 2017, the company operated approximately 400 shops in the United States; and approximately 50 franchisees operated shops in the United States, in the Middle East, the United Kingdom, and Canada. 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.

111 North Canal Street

Suite 850

Chicago, IL 60606

United States

Founded in 1977

7,400 Employees

Phone:

312-951-0600

Key Executives for Potbelly Corporation

Interim CEO & CFO
Age: 53
Total Annual Compensation: $493.2K
Senior Vice President of Operations
Age: 47
Total Annual Compensation: $299.7K
Senior VP, Chief Legal Officer, General Counsel & Secretary
Age: 54
Total Annual Compensation: $457.7K
Compensation as of Fiscal Year 2016.

Potbelly Corporation Key Developments

Potbelly Corporation Reports Unaudited Consolidated Earnings Results for the 13 Weeks and 39 Weeks Ended September 24, 2017; Provides Earnings Guidance for the Year 2017; Expects to Open 40 to 50 Net Shops in the Full Year 2017

Potbelly Corporation reported unaudited consolidated earnings results for the 13 weeks and 39 weeks ended September 24, 2017. For the 13 weeks, the company’s total revenues of $106,127,000 compared to $103,782,000 a year ago. Loss from operations was $574,000 compared to income of $2,842,000 a year ago. Loss before income taxes was $606,000 compared to income of $2,809,000 a year ago. Net loss attributable to the company was $240,000 compared to income of $1,795,000 a year ago. Adjusted net income attributable to the company was $1,866,000 compared to $2,987,000 a year ago. Adjusted net income attributable to the company per share, diluted was $0.07 compared to $0.12 a year ago. Basic and diluted net loss per common share attributable to common shareholders was $0.01 compared to income of $0.07 a year ago. EBITDA was $5,620,000 compared to $8,444,000 a year ago. Adjusted EBITDA was $9,614,000 compared to $11,113,000 a year ago. For the 39 weeks, the company’s total revenues of $315,962,000 compared to $304,773,000 a year ago. Income from operations was $853,000 compared to $10,243,000 a year ago. Income before income taxes was $752,000 compared to $10,141,000 a year ago. Net income attributable to the company was $305,000 compared to $6,256,000 a year ago. Adjusted net income attributable to the company was $5,883,000 compared to $8,087,000 a year ago. Adjusted net income attributable to the company per share, diluted was $0.23 compared to $0.31 a year ago. Basic and diluted net income per common share attributable to common shareholders was $0.01 compared to $0.24 a year ago. EBITDA was $19,618,000 compared to $27,086,000 a year ago. Adjusted EBITDA was $30,638,000 compared to $32,249,000 a year ago. For the full fiscal year of 2017, management currently expects a mid-single digit decrease in company-operated comparable store sales; an effective tax rate to range from 36% to 38%, excluding the impact of Accounting Standard Update 2016-09 Compensation-Stock Compensation, which could significantly impact tax rate for 2017; full year adjusted diluted earnings per share at the lower end of the range of $0.30 to $0.33, excluding the income tax impact of Accounting Standard Update 2016-09 Compensation-Stock Compensation, which could significantly impact earnings per share For the full year, the company expected 40 to 50 total new shop openings, including 30 to 35 company-operated shop openings.

Potbelly Corporation to Report Q3, 2017 Results on Nov 03, 2017

Potbelly Corporation announced that they will report Q3, 2017 results at 8:00 AM, US Eastern Standard Time on Nov 03, 2017

Potbelly Corporation, Q3 2017 Earnings Call, Nov 03, 2017

Potbelly Corporation, Q3 2017 Earnings Call, Nov 03, 2017

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