View Future GrowthThis company has been acquiredThe company may no longer be operating, as it has been acquired. Find out why through their latest events.See Latest EventsPotbelly 과거 순이익 실적과거 기준 점검 2/6Potbelly은 연평균 73.8%의 비율로 수입이 증가해 온 반면, Hospitality 산업은 수입이 33.9% 증가했습니다. 매출은 연평균 9.5%의 비율로 증가했습니다. Potbelly의 자기자본이익률은 19.8%이고 순이익률은 2.3%입니다.핵심 정보73.78%순이익 성장률74.64%주당순이익(EPS) 성장률Hospitality 산업 성장률19.52%매출 성장률9.53%자기자본이익률19.78%순이익률2.30%최근 순이익 업데이트29 Jun 2025최근 과거 실적 업데이트Reported Earnings • Aug 07Second quarter 2025 earnings: EPS misses analyst expectationsSecond quarter 2025 results: EPS: US$0.082 (down from US$1.16 in 2Q 2024). Revenue: US$123.7m (up 3.4% from 2Q 2024). Net income: US$2.49m (down 93% from 2Q 2024). Profit margin: 2.0% (down from 29% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.9%. Revenue is forecast to grow 4.5% p.a. on average during the next 2 years, compared to a 9.8% growth forecast for the Hospitality industry in the US. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth.공시 • Jul 21Potbelly Corporation to Report Q2, 2025 Results on Aug 06, 2025Potbelly Corporation announced that they will report Q2, 2025 results After-Market on Aug 06, 2025Reported Earnings • May 08First quarter 2025 earnings released: US$0.002 loss per share (vs US$0.094 loss in 1Q 2024)First quarter 2025 results: US$0.002 loss per share (improved from US$0.094 loss in 1Q 2024). Revenue: US$113.7m (up 2.3% from 1Q 2024). Net loss: US$62.0k (loss narrowed 98% from 1Q 2024). Revenue is forecast to grow 4.4% p.a. on average during the next 2 years, compared to a 9.8% growth forecast for the Hospitality industry in the US. Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.공시 • Apr 17Potbelly Corporation to Report Q1, 2025 Results on May 07, 2025Potbelly Corporation announced that they will report Q1, 2025 results After-Market on May 07, 2025Reported Earnings • Mar 07Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: US$1.35 (up from US$0.17 in FY 2023). Revenue: US$462.6m (down 5.9% from FY 2023). Net income: US$40.3m (up US$35.2m from FY 2023). Profit margin: 8.7% (up from 1.0% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.8%. Revenue is forecast to grow 4.5% p.a. on average during the next 2 years, compared to a 9.7% growth forecast for the Hospitality industry in the US. Over the last 3 years on average, earnings per share has increased by 117% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.공시 • Feb 18Potbelly Corporation to Report Q4, 2024 Results on Mar 06, 2025Potbelly Corporation announced that they will report Q4, 2024 results After-Market on Mar 06, 2025모든 업데이트 보기Recent updates공시 • Oct 25Potbelly Corporation(NasdaqGM:) dropped from NASDAQ Composite IndexPotbelly Corporation has been dropped from the NASDAQ Composite Index.공시 • Oct 24+ 1 more updatePotbelly Corporation Announces Board ChangesPotbelly Corporation announced that in accordance with the terms of the Merger Agreement, (i) each of Robert D. Wright, Joseph Boehm, Vann Avedisian, Adrian Butler, David Head, David J. Near, David Pearson and Jill Sutton resigned from their respective positions as members of the Company’s board of directors and all committees thereof, and (ii) Natalie Morhous and Malanie Isbill, each a director on the board of directors of Merger Sub immediately prior to the Effective Time, each became a member of the board of directors of the Company, in each case, effective as of the Effective Time. In addition, Robert D. Wright resigned from his position as President of the Company at the Effective Time.내러티브 업데이트 • Sep 11Digital Channels And Franchise Expansion Will Reshape Fast Casual DiningPotbelly's consensus analyst price target was lowered to $16.71 following its agreement to be acquired by RaceTrac for $17.12 per share, which limits further upside and reprices fair value in line with the acquisition terms. Analyst Commentary Potbelly entered into an agreement to be acquired by RaceTrac for $17.12 per share in an all-cash transaction.공시 • Sep 11RaceTrac, Inc. entered into a definitive merger agreement to acquire Potbelly Corporation (NasdaqGS:PBPB).RaceTrac, Inc. entered into a definitive merger agreement to acquire Potbelly Corporation (NasdaqGS:PBPB) for approximately $ 560million on September 9, 2025. As part of agreement, RaceTrac will commence a tender offer to acquire all of the outstanding shares of Potbelly for $17.12 per share. In case of termination of transaction, Potbelly Corporation will pay a termination fee of $19.80 million. The transaction is subject to approval by regulatory board / committee, the tender of shares representing at least a majority of the total number of Potbelly’s outstanding shares and the expiration or termination of the applicable waiting period under the HSR Act. The deal has been unanimously approved by the Potbelly Corporation board. The transaction is expected to complete in fourth quarter of 2025. Upon the successful completion of the tender offer, RaceTrac will acquire all remaining shares not tendered in the tender offer through a second-step merger at the same price per share. Until the transaction closes, RaceTrac and Potbelly Corporation will continue to operate independently. BofA Securities, Inc. acted as financial advisor for RaceTrac, Inc. Benjamin Barkley and Kelsey Donnalley of Kilpatrick Townsend & Stockton LLP acted as legal advisor for RaceTrac, Inc. Piper Sandler & Co. acted as financial advisor and fairness opinion provider for Potbelly Corporation. Allison M. Wein and Edward J. Lee of Kirkland & Ellis LLP acted as legal advisor for Potbelly Corporation.New Risk • Sep 11New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.1% average weekly change). Profit margins are more than 30% lower than last year (2.3% net profit margin).Valuation Update With 7 Day Price Move • Sep 10Investor sentiment improves as stock rises 37%After last week's 37% share price gain to US$16.98, the stock trades at a forward P/E ratio of 52x. Average forward P/E is 18x in the Hospitality industry in the US. Total returns to shareholders of 214% over the past three years.Seeking Alpha • Sep 10Time To Say Goodbye: Potbelly's Acquisition And What It Means For InvestorsSummary RaceTrac, Inc. is acquiring Potbelly Corporation for $17.12 per share, a 47% premium over the 90-day average, valuing the deal at $566 million. The acquisition offers minority shareholders a clear exit with a +120% gain since my initial call, far outpacing the S&P. Operationally, Potbelly stands to benefit from RaceTrac’s scale, real estate, and resources, accelerating expansion and store-in-store opportunities. Given minimal remaining upside and low but present deal risk, I recommend selling PBPB shares now to lock in gains and redeploy capital. Read the full article on Seeking Alpha내러티브 업데이트 • Aug 08Digital Channels And Franchise Expansion Will Reshape Fast Casual DiningPotbelly’s consensus price target has increased to $18.17, driven by a substantial improvement in net profit margin alongside a sharply lower future P/E, reflecting improved profitability and valuation. What's in the News Potbelly raised full-year 2025 same store sales growth guidance to 2.0%-3.0% and expects Q3 same store sales growth of 3.25%-4.25%.Price Target Changed • Aug 07Price target increased by 9.0% to US$18.17Up from US$16.67, the current price target is an average from 3 analysts. New target price is 40% above last closing price of US$13.02. Stock is up 90% over the past year. The company is forecast to post earnings per share of US$0.29 for next year compared to US$1.35 last year.Reported Earnings • Aug 07Second quarter 2025 earnings: EPS misses analyst expectationsSecond quarter 2025 results: EPS: US$0.082 (down from US$1.16 in 2Q 2024). Revenue: US$123.7m (up 3.4% from 2Q 2024). Net income: US$2.49m (down 93% from 2Q 2024). Profit margin: 2.0% (down from 29% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.9%. Revenue is forecast to grow 4.5% p.a. on average during the next 2 years, compared to a 9.8% growth forecast for the Hospitality industry in the US. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth.공시 • Aug 07+ 1 more updatePotbelly Corporation Raises Earnings Guidance for the Full Year 2025Potbelly Corporation raised earnings guidance for the full year 2025. For the year, the company raised same store sales growth to be between 2.0% to 3.0%.공시 • Jul 21Potbelly Corporation to Report Q2, 2025 Results on Aug 06, 2025Potbelly Corporation announced that they will report Q2, 2025 results After-Market on Aug 06, 2025Valuation Update With 7 Day Price Move • May 14Investor sentiment improves as stock rises 22%After last week's 22% share price gain to US$10.31, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 20x in the Hospitality industry in the US. Total returns to shareholders of 86% over the past three years.Reported Earnings • May 08First quarter 2025 earnings released: US$0.002 loss per share (vs US$0.094 loss in 1Q 2024)First quarter 2025 results: US$0.002 loss per share (improved from US$0.094 loss in 1Q 2024). Revenue: US$113.7m (up 2.3% from 1Q 2024). Net loss: US$62.0k (loss narrowed 98% from 1Q 2024). Revenue is forecast to grow 4.4% p.a. on average during the next 2 years, compared to a 9.8% growth forecast for the Hospitality industry in the US. Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.분석 기사 • May 08It Looks Like Shareholders Would Probably Approve Potbelly Corporation's (NASDAQ:PBPB) CEO Compensation PackageKey Insights Potbelly will host its Annual General Meeting on 15th of May CEO Bob Wright's total compensation includes...공시 • May 08Potbelly Corporation Introduces Earnings Guidance for the Second Quarter of 2025 and Reiterates Earnings Guidance for the Full Year of 2025Potbelly Corporation introduced earnings guidance for the second quarter of 2025 and reiterated earnings guidance for the full year of 2025. For the quarter, the company expects same store sales growth to be between 1.5% to 2.5%. For the full year, the company expects same store sales growth to be between 1.5% to 2.5%.공시 • Apr 17Potbelly Corporation to Report Q1, 2025 Results on May 07, 2025Potbelly Corporation announced that they will report Q1, 2025 results After-Market on May 07, 2025Recent Insider Transactions Derivative • Apr 11Senior VP exercised options and sold US$223k worth of stockOn the 7th of April, Steven Cirulis exercised options to acquire 23k shares at no cost and sold these for an average price of US$9.62 per share. This trade did not impact their existing holding. Since June 2024, Steven's direct individual holding has increased from 308.67k shares to 384.98k. Company insiders have collectively sold US$1.3m more than they bought, via options and on-market transactions in the last 12 months.Board Change • Apr 08Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. Independent Director Dave Pearson was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.공시 • Apr 07Potbelly Corporation, Annual General Meeting, May 15, 2025Potbelly Corporation, Annual General Meeting, May 15, 2025.Valuation Update With 7 Day Price Move • Mar 13Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to US$9.73, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 20x in the Hospitality industry in the US. Total returns to shareholders of 46% over the past three years.Seeking Alpha • Mar 12Potbelly: Sells Off On Company-Owned Expansion Fears But This Growth Play Could Pay OffSummary Potbelly's stock dropped 20% despite beating Q4 FY 2024 EPS and revenue expectations due to plans to resume building company-owned stores, deviating from its asset-light strategy. Management aims to open 20 company-owned restaurants annually starting in late FY 2025, complementing franchise growth and leveraging high-volume markets like Texas and the Midwest. Potbelly's FY 2025 guidance includes 1.5%-2.5% same-store sales growth, 38 new openings, and adjusted EBITDA of $33-$34 million, with a strong buy recommendation under $12. Risks include potential FCF pressure from corporate openings, investor flight due to strategy shifts, and rising operating costs, but long-term growth prospects remain strong. Read the full article on Seeking AlphaPrice Target Changed • Mar 09Price target increased by 8.7% to US$16.67Up from US$15.33, the current price target is an average from 3 analysts. New target price is 73% above last closing price of US$9.66. Stock is down 25% over the past year. The company is forecast to post earnings per share of US$0.28 for next year compared to US$1.35 last year.분석 기사 • Mar 08Investors Don't See Light At End Of Potbelly Corporation's (NASDAQ:PBPB) Tunnel And Push Stock Down 27%Potbelly Corporation ( NASDAQ:PBPB ) shares have had a horrible month, losing 27% after a relatively good period...Reported Earnings • Mar 07Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: US$1.35 (up from US$0.17 in FY 2023). Revenue: US$462.6m (down 5.9% from FY 2023). Net income: US$40.3m (up US$35.2m from FY 2023). Profit margin: 8.7% (up from 1.0% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.8%. Revenue is forecast to grow 4.5% p.a. on average during the next 2 years, compared to a 9.7% growth forecast for the Hospitality industry in the US. Over the last 3 years on average, earnings per share has increased by 117% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.공시 • Mar 07Potbelly Corporation Provides Earnings Guidance for the First Quarter and Full Year of 2025Potbelly Corporation provided earnings guidance for the first quarter and full Year of 2025. For the quarter, the company expects Same Store Sales % Growth of (1.5%) to (0.5%). For the year, the company expects Same Store Sales % Growth of 1.5% to 2.5%.공시 • Feb 18Potbelly Corporation to Report Q4, 2024 Results on Mar 06, 2025Potbelly Corporation announced that they will report Q4, 2024 results After-Market on Mar 06, 2025Recent Insider Transactions Derivative • Jan 28President exercised options and sold US$112k worth of stockOn the 23rd of January, Robert Wright exercised options to acquire 9k shares at no cost and sold these for an average price of US$11.93 per share. This trade did not impact their existing holding. For the year to December 2020, Robert's total compensation was 19% salary and 81% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2024, Robert's direct individual holding has increased from 674.83k shares to 689.95k. Company insiders have collectively sold US$719k more than they bought, via options and on-market transactions in the last 12 months.Seeking Alpha • Jan 20Potbelly: The Cheapest Fast-Casual On The Market Is Starting To Get NoticedSummary Potbelly's strategic focus on low-cost, high-growth fast-casuals is paying off, with strong same-store sales recovery, EBITDA growth, and franchise expansion. Potbelly's real estate strategy and flexible prototype formats drive impressive unit-level economics, with high returns on invested capital and a strong franchise demand. Value platforms like the $7.99 Skinny Combo and menu innovations are boosting incremental sales and preserving franchisee margins despite a budget-conscious consumer base. Potbelly remains a buy under $12, with the potential for increased shareholder returns through buybacks and a promising long-term growth trajectory. Read the full article on Seeking AlphaValuation Update With 7 Day Price Move • Jan 15Investor sentiment improves as stock rises 16%After last week's 16% share price gain to US$10.43, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 18x in the Hospitality industry in the US. Total returns to shareholders of 83% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$5.90 per share.Seeking Alpha • Nov 30Potbelly: Margin Improvement Boosts Q3 2024 Adjusted EBITDASummary Potbelly's adjusted EBITDA increased by 19% year-over-year and also exceeded the high-end of its Q3 2024 guidance. This was driven by improved margins. Potbelly has managed its costs and margins well. Sales growth is sluggish, although slightly better than expected. Potbelly expects slightly negative same-store sales growth in 2H 2024. Potbelly appears to be roughly fairly valued now after its share price has gone up over 35% since I looked at it in September. Read the full article on Seeking Alpha분석 기사 • Nov 24Potbelly Corporation's (NASDAQ:PBPB) Price Is Right But Growth Is Lacking After Shares Rocket 28%The Potbelly Corporation ( NASDAQ:PBPB ) share price has done very well over the last month, posting an excellent gain...분석 기사 • Nov 14Solid Earnings May Not Tell The Whole Story For Potbelly (NASDAQ:PBPB)Potbelly Corporation ( NASDAQ:PBPB ) just released a solid earnings report, and the stock displayed some strength...Valuation Update With 7 Day Price Move • Nov 14Investor sentiment improves as stock rises 28%After last week's 28% share price gain to US$10.74, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 19x in the Hospitality industry in the US. Total returns to shareholders of 85% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$5.96 per share.Seeking Alpha • Nov 13Potbelly: Even With The Rally, It's Still Below My PTSummary Potbelly has quintupled its market value since 2020 under CEO Wright, with successful refranchising and digital platform enhancements driving growth. Despite a 4.7% sales decline in Q3 2024, franchise royalties grew 79% year-over-year, and restaurant margins expanded by 0.7%. Potbelly's Everyday Value Combo and Perks platform have increased guest retention and digital sales, now representing 38% of total sales. With a target price of $12, Potbelly stock remains a 'Buy' due to its expansion plans and potential for margin improvement above 16% by FY 2025. Read the full article on Seeking AlphaReported Earnings • Nov 08Third quarter 2024 earnings: EPS and revenues exceed analyst expectationsThird quarter 2024 results: EPS: US$0.13 (up from US$0.051 in 3Q 2023). Revenue: US$115.1m (down 4.7% from 3Q 2023). Net income: US$3.74m (up 150% from 3Q 2023). Profit margin: 3.2% (up from 1.2% in 3Q 2023). Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 200%. Revenue is forecast to grow 1.5% p.a. on average during the next 2 years, compared to a 9.6% growth forecast for the Hospitality industry in the US. Over the last 3 years on average, earnings per share has increased by 125% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.공시 • Nov 08Potbelly Corporation Provides Earnings Guidance for the Fourth Quarter and Full Year of 2024Potbelly Corporation provided earnings guidance for the fourth quarter and full year of 2024. For the quarter, the company expects Same Store Sales Growth to be negative 2.5% to negative 0.5%. For the year, the company expects Same Store Sales Growth to be negative 1.2% to negative 0.5%.분석 기사 • Nov 07Is Potbelly (NASDAQ:PBPB) Using Too Much Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...공시 • Oct 22Immersion Investments Issues Open Letter to Potbelly Corporation Urging Immediate Action to Maximize Value for its ShareholdersOn October 21, 2024, Immersion Investments, LLC and its affiliates, a top 20 shareholder of Potbelly Corporation, issued an open letter to the Company’s Board of Directors and its management team urging immediate action to maximize value for shareholders. Immersion Investments stated that it is time for action and the board needs to be aggressive in pursuing alternatives for value creation, including one or more of the following: (1) undergo a strategic review process to evaluate a sale of the entire business, (2) aggressively repurchase shares, and (3) slow internal investments in technology and headcount and look to reduce operating expenses.공시 • Oct 17Potbelly Corporation to Report Q3, 2024 Results on Nov 07, 2024Potbelly Corporation announced that they will report Q3, 2024 results After-Market on Nov 07, 2024Seeking Alpha • Oct 03Potbelly: Value Levers Seem To Be Paying OffSummary Potbelly's Franchise Growth Acceleration Initiative aims to expand to 2,000 units, with innovative prototypes reducing costs and driving franchisee interest, indicating significant growth potential. The 'Everyday Value Combo' and loyalty app 'Perks' have boosted value perception and customer retention, contributing to Potbelly's strong comparable sales and market share gains. PBPB's value score remains high among fast-casual restaurants, reflecting successful value promotions and menu innovations, despite industry challenges and price-sensitive consumers. I reiterate a 'Buy' rating for Potbelly with a price target of $12, anticipating continued positive performance and long-term growth towards 2,000 units. Read the full article on Seeking Alpha새로운 내러티브 • Sep 26Everyday Value And Digital Expansion To Boost Visits, Yet Analysts Predict Shrinking Margins And Earnings Introduction of value meal deals and expansion of digital channels could significantly enhance customer visits and engagement, boosting overall revenue. Seeking Alpha • Sep 10Potbelly: Challenging Environment Stalls Near-Term Growth, But Long-Term Story IntactSummary Potbelly delivered +0.4% same-store sales growth along with $8.5 million in adjusted EBITDA in Q2 2024. Sales growth was in-line with its guidance, with adjusted EBITDA at the high-end of guidance. Potbelly expects Q3 2024 same-store sales growth to turn slightly negative though and has revised its full-year guidance downwards again. Overall growth for the full year may be flat to slightly negative due to the challenging environment. Potbelly's overall situation remains solid, though, and it appears capable of returning to growth with a modest improvement in the overall environment. Read the full article on Seeking AlphaMajor Estimate Revision • Aug 15Consensus EPS estimates increase by 741%, revenue downgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from US$466.8m to US$459.7m. EPS estimate rose from US$0.135 to US$1.14. Net income forecast to shrink 41% next year vs 24% growth forecast for Hospitality industry in the US . Consensus price target down from US$17.00 to US$15.33. Share price rose 15% to US$7.89 over the past week.분석 기사 • Aug 13Potbelly Corporation's (NASDAQ:PBPB) Prospects Need A Boost To Lift SharesWhen close to half the companies in the United States have price-to-earnings ratios (or "P/E's") above 18x, you may...Seeking Alpha • Aug 12Potbelly: A Twist On Value Complements The 'Perks' Hook And Build StrategySummary Franchise Growth Acceleration (FGA) Initiative: Potbelly continues to make significant strides in its FGA Initiative, highlighted by the successful opening of new, smaller-format units, such as those in military installations. Operational and Financial Performance: Potbelly achieved higher-than-expected weekly sales and improved unit-level margins. Value Proposition and Promotional Strategy: To combat industry-wide traffic declines, Potbelly introduced the ‘Everyday Value Combo’ to attract price-sensitive non-loyal guests while maintaining loyalty through its Perks program. Sustained Growth Outlook: With a robust development pipeline, ongoing menu innovations, and rising margins, Potbelly remains well-positioned for continued growth. The company’s strategic initiatives and operational efficiencies support a buy rating, with a projected fair valuation between $10 and $12 per share. Read the full article on Seeking AlphaPrice Target Changed • Aug 11Price target decreased by 9.8% to US$15.33Down from US$17.00, the current price target is an average from 3 analysts. New target price is 113% above last closing price of US$7.21. Stock is down 20% over the past year. The company is forecast to post earnings per share of US$1.17 for next year compared to US$0.18 last year.New Risk • Aug 11New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 73% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (2.1% increase in shares outstanding).Reported Earnings • Aug 09Second quarter 2024 earnings: EPS exceeds analyst expectationsSecond quarter 2024 results: EPS: US$1.16 (up from US$0.076 in 2Q 2023). Revenue: US$119.7m (down 5.5% from 2Q 2023). Net income: US$34.7m (up US$32.5m from 2Q 2023). Profit margin: 29% (up from 1.8% in 2Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates significantly. Revenue is forecast to stay flat during the next 2 years compared to a 9.6% growth forecast for the Hospitality industry in the US. Over the last 3 years on average, earnings per share has increased by 126% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.공시 • Aug 09Potbelly Corporation Provides Sales Guidance for the Third Quarter and Full Year 2024Potbelly Corporation provided sales guidance for the third quarter and full year 2024. For the quarter, the company expects Same Store Sales % Growth to be -3.5% to -1.5%. For the year, the company expects Same Store Sales % Growth to be -1.5% to +0.5%.Seeking Alpha • Jul 13Potbelly: New Units Coming Out Of The Oven!Summary Potbelly aims to grow through franchising, with a goal of becoming 85% franchised, focusing on lean unit models for expansion. The company's paradigm shift includes a focus on digital sales, loyalty programs, and a new unit model to drive growth. Potbelly's financial performance in the first quarter of 2024 shows improvements in key cost centers, with a potential upside of 38% in valuation. Read the full article on Seeking AlphaBuy Or Sell Opportunity • Jul 01Now 13% overvaluedOver the last 90 days, the stock has fallen 30% to US$7.83. The fair value is estimated to be US$6.94, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 2.5% in a year. Earnings are forecast to grow by 27% in the next year.분석 기사 • Jun 29Potbelly (NASDAQ:PBPB) Seems To Use Debt Quite SensiblyWarren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...Buy Or Sell Opportunity • Jun 25Now 23% overvaluedOver the last 90 days, the stock has fallen 37% to US$7.83. The fair value is estimated to be US$6.35, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 2.5% in a year. Earnings are forecast to grow by 27% in the next year.분석 기사 • Jun 08What Is Potbelly Corporation's (NASDAQ:PBPB) Share Price Doing?Potbelly Corporation ( NASDAQ:PBPB ), is not the largest company out there, but it saw significant share price movement...Seeking Alpha • May 15Potbelly Corporation: Gaining Market Share, But Facing A Softer Overall MarketSummary Potbelly Corporation reported decent Q1 2024 results, with same-store sales growth in line with its guidance. It slightly reduced its full-year 2024 expectations, though, and now expects low-single digits same-store sales growth. It also trimmed its adjusted EBITDA expectations for the full year by around $1 million. Potbelly has been increasing its market share, but the overall restaurant and fast casual market has been relatively soft. Read the full article on Seeking AlphaMajor Estimate Revision • May 15Consensus EPS estimates fall by 41%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from US$0.23 to US$0.135 per share. Revenue forecast steady at US$469.8m. Net income forecast to grow 29% next year vs 30% growth forecast for Hospitality industry in the US. Consensus price target of US$17.00 unchanged from last update. Share price fell 9.9% to US$8.79 over the past week.분석 기사 • May 12Potbelly's (NASDAQ:PBPB) Returns On Capital Are Heading HigherWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? Ideally, a...New Risk • May 10New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.8% net profit margin). Shareholders have been diluted in the past year (2.4% increase in shares outstanding).공시 • May 10Potbelly Corporation Provides Earnings Guidance for the Second Quarter of 2024 and Full Year 2024Potbelly Corporation provided earnings guidance for the second quarter of 2024 and full year 2024. For the second quarter, the company expectsSame Store Sales Growth to be +0.0% to +2.0%.For the year, the company expects Same Store Sales % Growth is Low-Single Digit.Reported Earnings • May 09First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2024 results: US$0.094 loss per share (further deteriorated from US$0.046 loss in 1Q 2023). Revenue: US$111.2m (down 6.0% from 1Q 2023). Net loss: US$2.77m (loss widened 109% from 1Q 2023). Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to stay flat during the next 2 years compared to a 9.7% growth forecast for the Hospitality industry in the US. Over the last 3 years on average, earnings per share has increased by 122% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.공시 • May 09Potbelly Corporation (NasdaqGS:PBPB) announces an Equity Buyback for $20 million worth of its shares.Potbelly Corporation (NasdaqGS:PBPB) announces a share repurchase program. Under the program, the company will repurchase up to $20 million worth of its outstanding common stock. The program will run through May 7, 2027.공시 • Apr 19Potbelly Corporation to Report Q1, 2024 Results on May 08, 2024Potbelly Corporation announced that they will report Q1, 2024 results on May 08, 2024공시 • Apr 06Potbelly Corporation, Annual General Meeting, May 15, 2024Potbelly Corporation, Annual General Meeting, May 15, 2024. Agenda: To consider election of eight director nominees to serve on the Board of Directors; to consider ratification of the appointment of Deloitte & Touche LLP to serve as the Company's independent registered public accounting firm for the fiscal year ending December 29, 2024; to consider a non-binding, advisory vote on a resolution approving the 2023 compensation of the Company's named executive officers; and to consider such other business as may properly come before the meeting.New Risk • Mar 10New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (2.4% increase in shares outstanding).Reported Earnings • Mar 08Full year 2023 earnings: EPS exceeds analyst expectationsFull year 2023 results: EPS: US$0.17 (up from US$0.15 in FY 2022). Revenue: US$491.4m (up 8.7% from FY 2022). Net income: US$5.12m (up 18% from FY 2022). Profit margin: 1.0% (in line with FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 42%. Revenue is expected to decline by 1.0% p.a. on average during the next 2 years, while revenues in the Hospitality industry in the US are expected to grow by 9.5%. Over the last 3 years on average, earnings per share has increased by 117% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth.공시 • Mar 08Potbelly Corporation Provides Earnings Guidance for the First Quarter and Full Year of 2024Potbelly Corporation provided earnings guidance for the first quarter and full Year of 2024. For the quarter, the company expected Same-store-sales to be between (0.25%) to +0.5%.For the year, the company expected Same-store-sales to be Low- to Mid-Single Digit.Seeking Alpha • Mar 07Artko Capital - Potbelly Corp.: There Should Be At Least One More Doubling From HereSummary After remaining flat in 2022, Potbelly was our big winner in 2023, up almost 100%, and another 30% so far this year. Our thesis continues to play out and then some. We think there should be at least one more doubling from here in the intermediate term. Read the full article on Seeking Alpha분석 기사 • Feb 27Here's Why Potbelly (NASDAQ:PBPB) Can Manage Its Debt ResponsiblyDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Seeking Alpha • Feb 21Potbelly: Finishes 2023 With Sales At The High End Of ExpectationsSummary Potbelly Corporation reported preliminary Q4 2023 same-store sales growth of +5.9% to +6.4%. This was at the high end of its +4% to +6% guidance for the quarter. I had previously noted that Potbelly's sequential quarterly sales growth looked pretty flat. The Q4 2023 results improve the odds for further sales growth, so I am now modeling +2% to +5% same-store sales growth in 2024. Potbelly also is saving money with its new credit facility, which has an interest rate that is 6% lower than its term loan. Read the full article on Seeking Alpha공시 • Feb 21Potbelly Corporation to Report Q4, 2023 Results on Mar 07, 2024Potbelly Corporation announced that they will report Q4, 2023 results After-Market on Mar 07, 2024Recent Insider Transactions Derivative • Jan 11President exercised options and sold US$273k worth of stockOn the 8th of January, Robert Wright exercised options to acquire 22k shares at no cost and sold these for an average price of US$12.12 per share. This trade did not impact their existing holding. For the year to December 2020, Robert's total compensation was 42% salary and 58% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2023, Robert's direct individual holding has increased from 569.98k shares to 616.76k. Company insiders have collectively sold US$1.2m more than they bought, via options and on-market transactions in the last 12 months.Valuation Update With 7 Day Price Move • Jan 09Investor sentiment improves as stock rises 16%After last week's 16% share price gain to US$12.12, the stock trades at a forward P/E ratio of 64x. Average forward P/E is 18x in the Hospitality industry in the US. Total returns to shareholders of 156% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$5.67 per share.분석 기사 • Dec 22Potbelly's (NASDAQ:PBPB) Returns Have Hit A WallIf you're looking for a multi-bagger, there's a few things to keep an eye out for. Amongst other things, we'll want to...Major Estimate Revision • Nov 08Consensus EPS estimates increase by 214%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from US$0.035 to US$0.11. Revenue forecast steady at US$489.3m. Net income forecast to shrink 1.5% next year vs 22% growth forecast for Hospitality industry in the US . Consensus price target up from US$13.00 to US$14.00. Share price rose 13% to US$9.93 over the past week.분석 기사 • Nov 03Is It Too Late To Consider Buying Potbelly Corporation (NASDAQ:PBPB)?While Potbelly Corporation ( NASDAQ:PBPB ) might not be the most widely known stock at the moment, it led the NASDAQGS...Reported Earnings • Nov 02Third quarter 2023 earnings: EPS exceeds analyst expectationsThird quarter 2023 results: EPS: US$0.051 (down from US$0.31 in 3Q 2022). Revenue: US$120.8m (up 2.7% from 3Q 2022). Net income: US$1.50m (down 83% from 3Q 2022). Profit margin: 1.2% (down from 7.7% in 3Q 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates. Revenue is expected to decline by 2.1% p.a. on average during the next 3 years, while revenues in the Hospitality industry in the US are expected to grow by 11%. Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth.공시 • Oct 31Potbelly Corporation (NasdaqGS:PBPB) acquired Four Units in the greater Columbus, Ohio region from Royal Restaurant Group.Potbelly Corporation (NasdaqGS:PBPB) acquired Four Units in the greater Columbus, Ohio region from Royal Restaurant Group on October 30, 2023.Potbelly Corporation (NasdaqGS:PBPB) completed the acquisition of Four Units in the greater Columbus, Ohio region from Royal Restaurant Group on October 30, 2023.분석 기사 • Oct 19There's No Escaping Potbelly Corporation's (NASDAQ:PBPB) Muted RevenuesPotbelly Corporation's ( NASDAQ:PBPB ) price-to-sales (or "P/S") ratio of 0.5x may look like a pretty appealing...공시 • Oct 12Potbelly Corporation to Report Q3, 2023 Results on Nov 01, 2023Potbelly Corporation announced that they will report Q3, 2023 results After-Market on Nov 01, 2023New Risk • Oct 05New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 18% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 18% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (2.1% increase in shares outstanding).공시 • Aug 09Nierenberg Investment Management Company Inc Engages with Potbelly CorporationOn August 8, 2023, Nierenberg Investment Management Company Inc announced that it has engaged with the Potbelly Corporation and urged the Company to repurchase over 8M shares opportunistically over the next 9 years, beginning as soon as possible, pay off its borrowings while prudently maintaining a line of credit, scrutinize all corporate level costs for more savings opportunities, use free cash flow to reduce the share count from 29.3 to 23M, encourage insiders to buy shares.New Risk • Aug 05New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (2.1% increase in shares outstanding).Reported Earnings • Aug 04Second quarter 2023 earnings released: EPS: US$0.076 (vs US$0.02 in 2Q 2022)Second quarter 2023 results: EPS: US$0.076 (up from US$0.02 in 2Q 2022). Revenue: US$126.6m (up 9.2% from 2Q 2022). Net income: US$2.22m (up 286% from 2Q 2022). Profit margin: 1.8% (up from 0.5% in 2Q 2022). Revenue is expected to decline by 2.5% p.a. on average during the next 2 years, while revenues in the Hospitality industry in the US are expected to grow by 11%. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth.공시 • Aug 04Potbelly Corporation Provides Sales Guidance for the Third Quarter and Fiscal Year 2023Potbelly Corporation provided sales guidance for the third quarter and fiscal year 2023. For the quarter, the company expects Same-store sales to be 7.0% to 9.0%.For the fiscal year 2023, the company expects Same-store sales to be High single-digit to low double-digit growth.공시 • Jul 14Potbelly Corporation to Report Q2, 2023 Results on Aug 03, 2023Potbelly Corporation announced that they will report Q2, 2023 results After-Market on Aug 03, 2023공시 • Jun 14Potbelly Corporation Announces Management ChangesPotbelly Corporation announced two strategic appointments to its corporate leadership team. Industry veteran Lynette McKee, CFE has been named Senior Vice President of Franchising, overseeing all aspects of franchisee recruitment and sales. Patrick Walsh joins Potbelly as Chief People Officer and will oversee and lead the brand's People team and human resources across the company. With more than 25 years of experience in the franchising space and a Certified Franchise Executive, Ms. McKee most recently owned and operated her consulting practice, McKee Services LLC, which she began in 2012 as an advisory services firm specializing in franchising and development. She previously served as Executive Director of the National Restaurant Association Educational Foundation. Prior to that role, Ms. McKee was Chief Development Officer at Checkers Drive-In Restaurants and oversaw franchising at global restaurant brands Dunkin' Brands and Burger King. Additionally, she held franchise leadership positions at the American casual dining company Metromedia Restaurant Group, as well as several hospitality companies. Ms. McKee earned a degree in Education from Vanderbilt University. Mr. Walsh previously served as VP, Head of Human Resources at manufacturing and supply company Oil-Dri Corporation of America. Prior to that role, he spent more than a decade, non-consecutively, in various human resources positions, including leadership roles, at PepsiCo, most recently as Senior Director of Human Resources. He also has experience in the restaurant industry, having held a leadership position overseeing human resources and talent acquisition at Pizza Hut. Patrick earned an undergraduate degree in Psychology and a Master's degree in Human Resources and Industrial Relations, both from the University of Illinois at Urbana-Champaign. As Ms. McKee assumes her new role, Potbelly Chief Development Officer Larry Strain will continue to focus on supporting the brand and its franchisees in market planning, brokerage services, and other critical areas related to development through Restaurant Development Experts, the market development advisory firm he founded.분석 기사 • Jun 07Here's Why Potbelly (NASDAQ:PBPB) Can Manage Its Debt ResponsiblyWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...Recent Insider Transactions • May 14Senior VP & Chief Information Officer recently sold US$92k worth of stockOn the 9th of May, Jeffrey Douglas sold around 11k shares on-market at roughly US$8.18 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought US$263k more than they sold in the last 12 months.Recent Insider Transactions Derivative • May 12Senior VP & Chief Information Officer notifies of intention to sell stockJeffrey Douglas intends to sell 11k shares in the next 90 days after lodging an Intent To Sell Form on the 9th of May. If the sale is conducted around the recent share price of US$8.30, it would amount to US$93k. Since June 2022, Jeffrey's direct individual holding has increased from 54.38k shares to 96.06k. Company insiders have collectively bought US$229k more than they sold, via options and on-market transactions, in the last 12 months.Valuation Update With 7 Day Price Move • May 11Investor sentiment deteriorates as stock falls 22%After last week's 22% share price decline to US$8.29, the stock trades at a trailing P/E ratio of 22.3x. Average forward P/E is 17x in the Hospitality industry in the US. Total returns to shareholders of 268% over the past three years.분석 기사 • May 06Is Now The Time To Look At Buying Potbelly Corporation (NASDAQ:PBPB)?While Potbelly Corporation ( NASDAQ:PBPB ) might not be the most widely known stock at the moment, it received a lot of...Reported Earnings • May 06First quarter 2023 earnings released: US$0.046 loss per share (vs US$0.28 loss in 1Q 2022)First quarter 2023 results: US$0.046 loss per share (improved from US$0.28 loss in 1Q 2022). Revenue: US$118.3m (up 20% from 1Q 2022). Net loss: US$1.33m (loss narrowed 83% from 1Q 2022). Revenue is expected to decline by 1.8% p.a. on average during the next 2 years, while revenues in the Hospitality industry in the US are expected to grow by 11%. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 45% per year, which means it is significantly lagging earnings growth.매출 및 비용 세부 내역Potbelly가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이NasdaqGS:PBPB 매출, 비용 및 순이익 (USD Millions)날짜매출순이익일반관리비연구개발비29 Jun 254691162030 Mar 254654360029 Dec 244634059029 Sep 244723860030 Jun 244773660031 Mar 24484458031 Dec 23491554024 Sep 23486548025 Jun 234831344026 Mar 234721140025 Dec 22452438025 Sep 22435-140026 Jun 22419-1338027 Mar 22400-1738026 Dec 21380-2432026 Sep 21352-3829027 Jun 21323-4832028 Mar 21282-6731027 Dec 20291-6533027 Sep 20318-5033028 Jun 20350-3931029 Mar 20399-1937029 Dec 19410-2436029 Sep 19410-2743030 Jun 19413-2745031 Mar 19418-2544030 Dec 18423-942030 Sep 18432-1245001 Jul 18432-1047001 Apr 18429-1045031 Dec 17428-743024 Sep 17418244025 Jun 17416442026 Mar 17413841025 Dec 16407842025 Sep 16400742026 Jun 16392741027 Mar 16383641027 Dec 15373639027 Sep 15363537028 Jun 15351636029 Mar 15339535028 Dec 143274340양질의 수익: PBPB는 고품질 수익을 보유하고 있습니다.이익 마진 증가: PBPB의 현재 순 이익률 (2.3%)은 지난해 (7.5%)보다 낮습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: PBPB는 지난 5년 동안 흑자전환하며 연평균 73.8%의 수익 성장을 기록했습니다.성장 가속화: PBPB은 지난 1년 동안 수익이 감소하여 5년 평균과 비교할 수 없습니다.수익 대 산업: PBPB은 지난 1년 동안 수익이 감소(-69.9%)하여 Hospitality 업계 평균(21.3%)과 비교하기 어렵습니다.자기자본이익률높은 ROE: PBPB의 자본 수익률(19.8%)은 낮음으로 평가됩니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YConsumer-services 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2025/10/24 23:34종가2025/10/22 00:00수익2025/06/29연간 수익2024/12/29데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Potbelly Corporation는 6명의 분석가가 다루고 있습니다. 이 중 4명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관David TarantinoBairdGregory FrancfortBofA Global ResearchMichael KelterGoldman Sachs3명의 분석가 더 보기
Reported Earnings • Aug 07Second quarter 2025 earnings: EPS misses analyst expectationsSecond quarter 2025 results: EPS: US$0.082 (down from US$1.16 in 2Q 2024). Revenue: US$123.7m (up 3.4% from 2Q 2024). Net income: US$2.49m (down 93% from 2Q 2024). Profit margin: 2.0% (down from 29% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.9%. Revenue is forecast to grow 4.5% p.a. on average during the next 2 years, compared to a 9.8% growth forecast for the Hospitality industry in the US. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth.
공시 • Jul 21Potbelly Corporation to Report Q2, 2025 Results on Aug 06, 2025Potbelly Corporation announced that they will report Q2, 2025 results After-Market on Aug 06, 2025
Reported Earnings • May 08First quarter 2025 earnings released: US$0.002 loss per share (vs US$0.094 loss in 1Q 2024)First quarter 2025 results: US$0.002 loss per share (improved from US$0.094 loss in 1Q 2024). Revenue: US$113.7m (up 2.3% from 1Q 2024). Net loss: US$62.0k (loss narrowed 98% from 1Q 2024). Revenue is forecast to grow 4.4% p.a. on average during the next 2 years, compared to a 9.8% growth forecast for the Hospitality industry in the US. Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.
공시 • Apr 17Potbelly Corporation to Report Q1, 2025 Results on May 07, 2025Potbelly Corporation announced that they will report Q1, 2025 results After-Market on May 07, 2025
Reported Earnings • Mar 07Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: US$1.35 (up from US$0.17 in FY 2023). Revenue: US$462.6m (down 5.9% from FY 2023). Net income: US$40.3m (up US$35.2m from FY 2023). Profit margin: 8.7% (up from 1.0% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.8%. Revenue is forecast to grow 4.5% p.a. on average during the next 2 years, compared to a 9.7% growth forecast for the Hospitality industry in the US. Over the last 3 years on average, earnings per share has increased by 117% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.
공시 • Feb 18Potbelly Corporation to Report Q4, 2024 Results on Mar 06, 2025Potbelly Corporation announced that they will report Q4, 2024 results After-Market on Mar 06, 2025
공시 • Oct 25Potbelly Corporation(NasdaqGM:) dropped from NASDAQ Composite IndexPotbelly Corporation has been dropped from the NASDAQ Composite Index.
공시 • Oct 24+ 1 more updatePotbelly Corporation Announces Board ChangesPotbelly Corporation announced that in accordance with the terms of the Merger Agreement, (i) each of Robert D. Wright, Joseph Boehm, Vann Avedisian, Adrian Butler, David Head, David J. Near, David Pearson and Jill Sutton resigned from their respective positions as members of the Company’s board of directors and all committees thereof, and (ii) Natalie Morhous and Malanie Isbill, each a director on the board of directors of Merger Sub immediately prior to the Effective Time, each became a member of the board of directors of the Company, in each case, effective as of the Effective Time. In addition, Robert D. Wright resigned from his position as President of the Company at the Effective Time.
내러티브 업데이트 • Sep 11Digital Channels And Franchise Expansion Will Reshape Fast Casual DiningPotbelly's consensus analyst price target was lowered to $16.71 following its agreement to be acquired by RaceTrac for $17.12 per share, which limits further upside and reprices fair value in line with the acquisition terms. Analyst Commentary Potbelly entered into an agreement to be acquired by RaceTrac for $17.12 per share in an all-cash transaction.
공시 • Sep 11RaceTrac, Inc. entered into a definitive merger agreement to acquire Potbelly Corporation (NasdaqGS:PBPB).RaceTrac, Inc. entered into a definitive merger agreement to acquire Potbelly Corporation (NasdaqGS:PBPB) for approximately $ 560million on September 9, 2025. As part of agreement, RaceTrac will commence a tender offer to acquire all of the outstanding shares of Potbelly for $17.12 per share. In case of termination of transaction, Potbelly Corporation will pay a termination fee of $19.80 million. The transaction is subject to approval by regulatory board / committee, the tender of shares representing at least a majority of the total number of Potbelly’s outstanding shares and the expiration or termination of the applicable waiting period under the HSR Act. The deal has been unanimously approved by the Potbelly Corporation board. The transaction is expected to complete in fourth quarter of 2025. Upon the successful completion of the tender offer, RaceTrac will acquire all remaining shares not tendered in the tender offer through a second-step merger at the same price per share. Until the transaction closes, RaceTrac and Potbelly Corporation will continue to operate independently. BofA Securities, Inc. acted as financial advisor for RaceTrac, Inc. Benjamin Barkley and Kelsey Donnalley of Kilpatrick Townsend & Stockton LLP acted as legal advisor for RaceTrac, Inc. Piper Sandler & Co. acted as financial advisor and fairness opinion provider for Potbelly Corporation. Allison M. Wein and Edward J. Lee of Kirkland & Ellis LLP acted as legal advisor for Potbelly Corporation.
New Risk • Sep 11New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.1% average weekly change). Profit margins are more than 30% lower than last year (2.3% net profit margin).
Valuation Update With 7 Day Price Move • Sep 10Investor sentiment improves as stock rises 37%After last week's 37% share price gain to US$16.98, the stock trades at a forward P/E ratio of 52x. Average forward P/E is 18x in the Hospitality industry in the US. Total returns to shareholders of 214% over the past three years.
Seeking Alpha • Sep 10Time To Say Goodbye: Potbelly's Acquisition And What It Means For InvestorsSummary RaceTrac, Inc. is acquiring Potbelly Corporation for $17.12 per share, a 47% premium over the 90-day average, valuing the deal at $566 million. The acquisition offers minority shareholders a clear exit with a +120% gain since my initial call, far outpacing the S&P. Operationally, Potbelly stands to benefit from RaceTrac’s scale, real estate, and resources, accelerating expansion and store-in-store opportunities. Given minimal remaining upside and low but present deal risk, I recommend selling PBPB shares now to lock in gains and redeploy capital. Read the full article on Seeking Alpha
내러티브 업데이트 • Aug 08Digital Channels And Franchise Expansion Will Reshape Fast Casual DiningPotbelly’s consensus price target has increased to $18.17, driven by a substantial improvement in net profit margin alongside a sharply lower future P/E, reflecting improved profitability and valuation. What's in the News Potbelly raised full-year 2025 same store sales growth guidance to 2.0%-3.0% and expects Q3 same store sales growth of 3.25%-4.25%.
Price Target Changed • Aug 07Price target increased by 9.0% to US$18.17Up from US$16.67, the current price target is an average from 3 analysts. New target price is 40% above last closing price of US$13.02. Stock is up 90% over the past year. The company is forecast to post earnings per share of US$0.29 for next year compared to US$1.35 last year.
Reported Earnings • Aug 07Second quarter 2025 earnings: EPS misses analyst expectationsSecond quarter 2025 results: EPS: US$0.082 (down from US$1.16 in 2Q 2024). Revenue: US$123.7m (up 3.4% from 2Q 2024). Net income: US$2.49m (down 93% from 2Q 2024). Profit margin: 2.0% (down from 29% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.9%. Revenue is forecast to grow 4.5% p.a. on average during the next 2 years, compared to a 9.8% growth forecast for the Hospitality industry in the US. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth.
공시 • Aug 07+ 1 more updatePotbelly Corporation Raises Earnings Guidance for the Full Year 2025Potbelly Corporation raised earnings guidance for the full year 2025. For the year, the company raised same store sales growth to be between 2.0% to 3.0%.
공시 • Jul 21Potbelly Corporation to Report Q2, 2025 Results on Aug 06, 2025Potbelly Corporation announced that they will report Q2, 2025 results After-Market on Aug 06, 2025
Valuation Update With 7 Day Price Move • May 14Investor sentiment improves as stock rises 22%After last week's 22% share price gain to US$10.31, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 20x in the Hospitality industry in the US. Total returns to shareholders of 86% over the past three years.
Reported Earnings • May 08First quarter 2025 earnings released: US$0.002 loss per share (vs US$0.094 loss in 1Q 2024)First quarter 2025 results: US$0.002 loss per share (improved from US$0.094 loss in 1Q 2024). Revenue: US$113.7m (up 2.3% from 1Q 2024). Net loss: US$62.0k (loss narrowed 98% from 1Q 2024). Revenue is forecast to grow 4.4% p.a. on average during the next 2 years, compared to a 9.8% growth forecast for the Hospitality industry in the US. Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth.
분석 기사 • May 08It Looks Like Shareholders Would Probably Approve Potbelly Corporation's (NASDAQ:PBPB) CEO Compensation PackageKey Insights Potbelly will host its Annual General Meeting on 15th of May CEO Bob Wright's total compensation includes...
공시 • May 08Potbelly Corporation Introduces Earnings Guidance for the Second Quarter of 2025 and Reiterates Earnings Guidance for the Full Year of 2025Potbelly Corporation introduced earnings guidance for the second quarter of 2025 and reiterated earnings guidance for the full year of 2025. For the quarter, the company expects same store sales growth to be between 1.5% to 2.5%. For the full year, the company expects same store sales growth to be between 1.5% to 2.5%.
공시 • Apr 17Potbelly Corporation to Report Q1, 2025 Results on May 07, 2025Potbelly Corporation announced that they will report Q1, 2025 results After-Market on May 07, 2025
Recent Insider Transactions Derivative • Apr 11Senior VP exercised options and sold US$223k worth of stockOn the 7th of April, Steven Cirulis exercised options to acquire 23k shares at no cost and sold these for an average price of US$9.62 per share. This trade did not impact their existing holding. Since June 2024, Steven's direct individual holding has increased from 308.67k shares to 384.98k. Company insiders have collectively sold US$1.3m more than they bought, via options and on-market transactions in the last 12 months.
Board Change • Apr 08Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. No highly experienced directors. Independent Director Dave Pearson was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
공시 • Apr 07Potbelly Corporation, Annual General Meeting, May 15, 2025Potbelly Corporation, Annual General Meeting, May 15, 2025.
Valuation Update With 7 Day Price Move • Mar 13Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to US$9.73, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 20x in the Hospitality industry in the US. Total returns to shareholders of 46% over the past three years.
Seeking Alpha • Mar 12Potbelly: Sells Off On Company-Owned Expansion Fears But This Growth Play Could Pay OffSummary Potbelly's stock dropped 20% despite beating Q4 FY 2024 EPS and revenue expectations due to plans to resume building company-owned stores, deviating from its asset-light strategy. Management aims to open 20 company-owned restaurants annually starting in late FY 2025, complementing franchise growth and leveraging high-volume markets like Texas and the Midwest. Potbelly's FY 2025 guidance includes 1.5%-2.5% same-store sales growth, 38 new openings, and adjusted EBITDA of $33-$34 million, with a strong buy recommendation under $12. Risks include potential FCF pressure from corporate openings, investor flight due to strategy shifts, and rising operating costs, but long-term growth prospects remain strong. Read the full article on Seeking Alpha
Price Target Changed • Mar 09Price target increased by 8.7% to US$16.67Up from US$15.33, the current price target is an average from 3 analysts. New target price is 73% above last closing price of US$9.66. Stock is down 25% over the past year. The company is forecast to post earnings per share of US$0.28 for next year compared to US$1.35 last year.
분석 기사 • Mar 08Investors Don't See Light At End Of Potbelly Corporation's (NASDAQ:PBPB) Tunnel And Push Stock Down 27%Potbelly Corporation ( NASDAQ:PBPB ) shares have had a horrible month, losing 27% after a relatively good period...
Reported Earnings • Mar 07Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: US$1.35 (up from US$0.17 in FY 2023). Revenue: US$462.6m (down 5.9% from FY 2023). Net income: US$40.3m (up US$35.2m from FY 2023). Profit margin: 8.7% (up from 1.0% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.8%. Revenue is forecast to grow 4.5% p.a. on average during the next 2 years, compared to a 9.7% growth forecast for the Hospitality industry in the US. Over the last 3 years on average, earnings per share has increased by 117% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.
공시 • Mar 07Potbelly Corporation Provides Earnings Guidance for the First Quarter and Full Year of 2025Potbelly Corporation provided earnings guidance for the first quarter and full Year of 2025. For the quarter, the company expects Same Store Sales % Growth of (1.5%) to (0.5%). For the year, the company expects Same Store Sales % Growth of 1.5% to 2.5%.
공시 • Feb 18Potbelly Corporation to Report Q4, 2024 Results on Mar 06, 2025Potbelly Corporation announced that they will report Q4, 2024 results After-Market on Mar 06, 2025
Recent Insider Transactions Derivative • Jan 28President exercised options and sold US$112k worth of stockOn the 23rd of January, Robert Wright exercised options to acquire 9k shares at no cost and sold these for an average price of US$11.93 per share. This trade did not impact their existing holding. For the year to December 2020, Robert's total compensation was 19% salary and 81% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2024, Robert's direct individual holding has increased from 674.83k shares to 689.95k. Company insiders have collectively sold US$719k more than they bought, via options and on-market transactions in the last 12 months.
Seeking Alpha • Jan 20Potbelly: The Cheapest Fast-Casual On The Market Is Starting To Get NoticedSummary Potbelly's strategic focus on low-cost, high-growth fast-casuals is paying off, with strong same-store sales recovery, EBITDA growth, and franchise expansion. Potbelly's real estate strategy and flexible prototype formats drive impressive unit-level economics, with high returns on invested capital and a strong franchise demand. Value platforms like the $7.99 Skinny Combo and menu innovations are boosting incremental sales and preserving franchisee margins despite a budget-conscious consumer base. Potbelly remains a buy under $12, with the potential for increased shareholder returns through buybacks and a promising long-term growth trajectory. Read the full article on Seeking Alpha
Valuation Update With 7 Day Price Move • Jan 15Investor sentiment improves as stock rises 16%After last week's 16% share price gain to US$10.43, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 18x in the Hospitality industry in the US. Total returns to shareholders of 83% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$5.90 per share.
Seeking Alpha • Nov 30Potbelly: Margin Improvement Boosts Q3 2024 Adjusted EBITDASummary Potbelly's adjusted EBITDA increased by 19% year-over-year and also exceeded the high-end of its Q3 2024 guidance. This was driven by improved margins. Potbelly has managed its costs and margins well. Sales growth is sluggish, although slightly better than expected. Potbelly expects slightly negative same-store sales growth in 2H 2024. Potbelly appears to be roughly fairly valued now after its share price has gone up over 35% since I looked at it in September. Read the full article on Seeking Alpha
분석 기사 • Nov 24Potbelly Corporation's (NASDAQ:PBPB) Price Is Right But Growth Is Lacking After Shares Rocket 28%The Potbelly Corporation ( NASDAQ:PBPB ) share price has done very well over the last month, posting an excellent gain...
분석 기사 • Nov 14Solid Earnings May Not Tell The Whole Story For Potbelly (NASDAQ:PBPB)Potbelly Corporation ( NASDAQ:PBPB ) just released a solid earnings report, and the stock displayed some strength...
Valuation Update With 7 Day Price Move • Nov 14Investor sentiment improves as stock rises 28%After last week's 28% share price gain to US$10.74, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 19x in the Hospitality industry in the US. Total returns to shareholders of 85% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$5.96 per share.
Seeking Alpha • Nov 13Potbelly: Even With The Rally, It's Still Below My PTSummary Potbelly has quintupled its market value since 2020 under CEO Wright, with successful refranchising and digital platform enhancements driving growth. Despite a 4.7% sales decline in Q3 2024, franchise royalties grew 79% year-over-year, and restaurant margins expanded by 0.7%. Potbelly's Everyday Value Combo and Perks platform have increased guest retention and digital sales, now representing 38% of total sales. With a target price of $12, Potbelly stock remains a 'Buy' due to its expansion plans and potential for margin improvement above 16% by FY 2025. Read the full article on Seeking Alpha
Reported Earnings • Nov 08Third quarter 2024 earnings: EPS and revenues exceed analyst expectationsThird quarter 2024 results: EPS: US$0.13 (up from US$0.051 in 3Q 2023). Revenue: US$115.1m (down 4.7% from 3Q 2023). Net income: US$3.74m (up 150% from 3Q 2023). Profit margin: 3.2% (up from 1.2% in 3Q 2023). Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 200%. Revenue is forecast to grow 1.5% p.a. on average during the next 2 years, compared to a 9.6% growth forecast for the Hospitality industry in the US. Over the last 3 years on average, earnings per share has increased by 125% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.
공시 • Nov 08Potbelly Corporation Provides Earnings Guidance for the Fourth Quarter and Full Year of 2024Potbelly Corporation provided earnings guidance for the fourth quarter and full year of 2024. For the quarter, the company expects Same Store Sales Growth to be negative 2.5% to negative 0.5%. For the year, the company expects Same Store Sales Growth to be negative 1.2% to negative 0.5%.
분석 기사 • Nov 07Is Potbelly (NASDAQ:PBPB) Using Too Much Debt?Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
공시 • Oct 22Immersion Investments Issues Open Letter to Potbelly Corporation Urging Immediate Action to Maximize Value for its ShareholdersOn October 21, 2024, Immersion Investments, LLC and its affiliates, a top 20 shareholder of Potbelly Corporation, issued an open letter to the Company’s Board of Directors and its management team urging immediate action to maximize value for shareholders. Immersion Investments stated that it is time for action and the board needs to be aggressive in pursuing alternatives for value creation, including one or more of the following: (1) undergo a strategic review process to evaluate a sale of the entire business, (2) aggressively repurchase shares, and (3) slow internal investments in technology and headcount and look to reduce operating expenses.
공시 • Oct 17Potbelly Corporation to Report Q3, 2024 Results on Nov 07, 2024Potbelly Corporation announced that they will report Q3, 2024 results After-Market on Nov 07, 2024
Seeking Alpha • Oct 03Potbelly: Value Levers Seem To Be Paying OffSummary Potbelly's Franchise Growth Acceleration Initiative aims to expand to 2,000 units, with innovative prototypes reducing costs and driving franchisee interest, indicating significant growth potential. The 'Everyday Value Combo' and loyalty app 'Perks' have boosted value perception and customer retention, contributing to Potbelly's strong comparable sales and market share gains. PBPB's value score remains high among fast-casual restaurants, reflecting successful value promotions and menu innovations, despite industry challenges and price-sensitive consumers. I reiterate a 'Buy' rating for Potbelly with a price target of $12, anticipating continued positive performance and long-term growth towards 2,000 units. Read the full article on Seeking Alpha
새로운 내러티브 • Sep 26Everyday Value And Digital Expansion To Boost Visits, Yet Analysts Predict Shrinking Margins And Earnings Introduction of value meal deals and expansion of digital channels could significantly enhance customer visits and engagement, boosting overall revenue.
Seeking Alpha • Sep 10Potbelly: Challenging Environment Stalls Near-Term Growth, But Long-Term Story IntactSummary Potbelly delivered +0.4% same-store sales growth along with $8.5 million in adjusted EBITDA in Q2 2024. Sales growth was in-line with its guidance, with adjusted EBITDA at the high-end of guidance. Potbelly expects Q3 2024 same-store sales growth to turn slightly negative though and has revised its full-year guidance downwards again. Overall growth for the full year may be flat to slightly negative due to the challenging environment. Potbelly's overall situation remains solid, though, and it appears capable of returning to growth with a modest improvement in the overall environment. Read the full article on Seeking Alpha
Major Estimate Revision • Aug 15Consensus EPS estimates increase by 741%, revenue downgradedThe consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from US$466.8m to US$459.7m. EPS estimate rose from US$0.135 to US$1.14. Net income forecast to shrink 41% next year vs 24% growth forecast for Hospitality industry in the US . Consensus price target down from US$17.00 to US$15.33. Share price rose 15% to US$7.89 over the past week.
분석 기사 • Aug 13Potbelly Corporation's (NASDAQ:PBPB) Prospects Need A Boost To Lift SharesWhen close to half the companies in the United States have price-to-earnings ratios (or "P/E's") above 18x, you may...
Seeking Alpha • Aug 12Potbelly: A Twist On Value Complements The 'Perks' Hook And Build StrategySummary Franchise Growth Acceleration (FGA) Initiative: Potbelly continues to make significant strides in its FGA Initiative, highlighted by the successful opening of new, smaller-format units, such as those in military installations. Operational and Financial Performance: Potbelly achieved higher-than-expected weekly sales and improved unit-level margins. Value Proposition and Promotional Strategy: To combat industry-wide traffic declines, Potbelly introduced the ‘Everyday Value Combo’ to attract price-sensitive non-loyal guests while maintaining loyalty through its Perks program. Sustained Growth Outlook: With a robust development pipeline, ongoing menu innovations, and rising margins, Potbelly remains well-positioned for continued growth. The company’s strategic initiatives and operational efficiencies support a buy rating, with a projected fair valuation between $10 and $12 per share. Read the full article on Seeking Alpha
Price Target Changed • Aug 11Price target decreased by 9.8% to US$15.33Down from US$17.00, the current price target is an average from 3 analysts. New target price is 113% above last closing price of US$7.21. Stock is down 20% over the past year. The company is forecast to post earnings per share of US$1.17 for next year compared to US$0.18 last year.
New Risk • Aug 11New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 73% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (2.1% increase in shares outstanding).
Reported Earnings • Aug 09Second quarter 2024 earnings: EPS exceeds analyst expectationsSecond quarter 2024 results: EPS: US$1.16 (up from US$0.076 in 2Q 2023). Revenue: US$119.7m (down 5.5% from 2Q 2023). Net income: US$34.7m (up US$32.5m from 2Q 2023). Profit margin: 29% (up from 1.8% in 2Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates significantly. Revenue is forecast to stay flat during the next 2 years compared to a 9.6% growth forecast for the Hospitality industry in the US. Over the last 3 years on average, earnings per share has increased by 126% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
공시 • Aug 09Potbelly Corporation Provides Sales Guidance for the Third Quarter and Full Year 2024Potbelly Corporation provided sales guidance for the third quarter and full year 2024. For the quarter, the company expects Same Store Sales % Growth to be -3.5% to -1.5%. For the year, the company expects Same Store Sales % Growth to be -1.5% to +0.5%.
Seeking Alpha • Jul 13Potbelly: New Units Coming Out Of The Oven!Summary Potbelly aims to grow through franchising, with a goal of becoming 85% franchised, focusing on lean unit models for expansion. The company's paradigm shift includes a focus on digital sales, loyalty programs, and a new unit model to drive growth. Potbelly's financial performance in the first quarter of 2024 shows improvements in key cost centers, with a potential upside of 38% in valuation. Read the full article on Seeking Alpha
Buy Or Sell Opportunity • Jul 01Now 13% overvaluedOver the last 90 days, the stock has fallen 30% to US$7.83. The fair value is estimated to be US$6.94, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 2.5% in a year. Earnings are forecast to grow by 27% in the next year.
분석 기사 • Jun 29Potbelly (NASDAQ:PBPB) Seems To Use Debt Quite SensiblyWarren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
Buy Or Sell Opportunity • Jun 25Now 23% overvaluedOver the last 90 days, the stock has fallen 37% to US$7.83. The fair value is estimated to be US$6.35, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to decline by 2.5% in a year. Earnings are forecast to grow by 27% in the next year.
분석 기사 • Jun 08What Is Potbelly Corporation's (NASDAQ:PBPB) Share Price Doing?Potbelly Corporation ( NASDAQ:PBPB ), is not the largest company out there, but it saw significant share price movement...
Seeking Alpha • May 15Potbelly Corporation: Gaining Market Share, But Facing A Softer Overall MarketSummary Potbelly Corporation reported decent Q1 2024 results, with same-store sales growth in line with its guidance. It slightly reduced its full-year 2024 expectations, though, and now expects low-single digits same-store sales growth. It also trimmed its adjusted EBITDA expectations for the full year by around $1 million. Potbelly has been increasing its market share, but the overall restaurant and fast casual market has been relatively soft. Read the full article on Seeking Alpha
Major Estimate Revision • May 15Consensus EPS estimates fall by 41%The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from US$0.23 to US$0.135 per share. Revenue forecast steady at US$469.8m. Net income forecast to grow 29% next year vs 30% growth forecast for Hospitality industry in the US. Consensus price target of US$17.00 unchanged from last update. Share price fell 9.9% to US$8.79 over the past week.
분석 기사 • May 12Potbelly's (NASDAQ:PBPB) Returns On Capital Are Heading HigherWhat trends should we look for it we want to identify stocks that can multiply in value over the long term? Ideally, a...
New Risk • May 10New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.8% net profit margin). Shareholders have been diluted in the past year (2.4% increase in shares outstanding).
공시 • May 10Potbelly Corporation Provides Earnings Guidance for the Second Quarter of 2024 and Full Year 2024Potbelly Corporation provided earnings guidance for the second quarter of 2024 and full year 2024. For the second quarter, the company expectsSame Store Sales Growth to be +0.0% to +2.0%.For the year, the company expects Same Store Sales % Growth is Low-Single Digit.
Reported Earnings • May 09First quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2024 results: US$0.094 loss per share (further deteriorated from US$0.046 loss in 1Q 2023). Revenue: US$111.2m (down 6.0% from 1Q 2023). Net loss: US$2.77m (loss widened 109% from 1Q 2023). Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates. Revenue is forecast to stay flat during the next 2 years compared to a 9.7% growth forecast for the Hospitality industry in the US. Over the last 3 years on average, earnings per share has increased by 122% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth.
공시 • May 09Potbelly Corporation (NasdaqGS:PBPB) announces an Equity Buyback for $20 million worth of its shares.Potbelly Corporation (NasdaqGS:PBPB) announces a share repurchase program. Under the program, the company will repurchase up to $20 million worth of its outstanding common stock. The program will run through May 7, 2027.
공시 • Apr 19Potbelly Corporation to Report Q1, 2024 Results on May 08, 2024Potbelly Corporation announced that they will report Q1, 2024 results on May 08, 2024
공시 • Apr 06Potbelly Corporation, Annual General Meeting, May 15, 2024Potbelly Corporation, Annual General Meeting, May 15, 2024. Agenda: To consider election of eight director nominees to serve on the Board of Directors; to consider ratification of the appointment of Deloitte & Touche LLP to serve as the Company's independent registered public accounting firm for the fiscal year ending December 29, 2024; to consider a non-binding, advisory vote on a resolution approving the 2023 compensation of the Company's named executive officers; and to consider such other business as may properly come before the meeting.
New Risk • Mar 10New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.4% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (2.4% increase in shares outstanding).
Reported Earnings • Mar 08Full year 2023 earnings: EPS exceeds analyst expectationsFull year 2023 results: EPS: US$0.17 (up from US$0.15 in FY 2022). Revenue: US$491.4m (up 8.7% from FY 2022). Net income: US$5.12m (up 18% from FY 2022). Profit margin: 1.0% (in line with FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 42%. Revenue is expected to decline by 1.0% p.a. on average during the next 2 years, while revenues in the Hospitality industry in the US are expected to grow by 9.5%. Over the last 3 years on average, earnings per share has increased by 117% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth.
공시 • Mar 08Potbelly Corporation Provides Earnings Guidance for the First Quarter and Full Year of 2024Potbelly Corporation provided earnings guidance for the first quarter and full Year of 2024. For the quarter, the company expected Same-store-sales to be between (0.25%) to +0.5%.For the year, the company expected Same-store-sales to be Low- to Mid-Single Digit.
Seeking Alpha • Mar 07Artko Capital - Potbelly Corp.: There Should Be At Least One More Doubling From HereSummary After remaining flat in 2022, Potbelly was our big winner in 2023, up almost 100%, and another 30% so far this year. Our thesis continues to play out and then some. We think there should be at least one more doubling from here in the intermediate term. Read the full article on Seeking Alpha
분석 기사 • Feb 27Here's Why Potbelly (NASDAQ:PBPB) Can Manage Its Debt ResponsiblyDavid Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Seeking Alpha • Feb 21Potbelly: Finishes 2023 With Sales At The High End Of ExpectationsSummary Potbelly Corporation reported preliminary Q4 2023 same-store sales growth of +5.9% to +6.4%. This was at the high end of its +4% to +6% guidance for the quarter. I had previously noted that Potbelly's sequential quarterly sales growth looked pretty flat. The Q4 2023 results improve the odds for further sales growth, so I am now modeling +2% to +5% same-store sales growth in 2024. Potbelly also is saving money with its new credit facility, which has an interest rate that is 6% lower than its term loan. Read the full article on Seeking Alpha
공시 • Feb 21Potbelly Corporation to Report Q4, 2023 Results on Mar 07, 2024Potbelly Corporation announced that they will report Q4, 2023 results After-Market on Mar 07, 2024
Recent Insider Transactions Derivative • Jan 11President exercised options and sold US$273k worth of stockOn the 8th of January, Robert Wright exercised options to acquire 22k shares at no cost and sold these for an average price of US$12.12 per share. This trade did not impact their existing holding. For the year to December 2020, Robert's total compensation was 42% salary and 58% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2023, Robert's direct individual holding has increased from 569.98k shares to 616.76k. Company insiders have collectively sold US$1.2m more than they bought, via options and on-market transactions in the last 12 months.
Valuation Update With 7 Day Price Move • Jan 09Investor sentiment improves as stock rises 16%After last week's 16% share price gain to US$12.12, the stock trades at a forward P/E ratio of 64x. Average forward P/E is 18x in the Hospitality industry in the US. Total returns to shareholders of 156% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$5.67 per share.
분석 기사 • Dec 22Potbelly's (NASDAQ:PBPB) Returns Have Hit A WallIf you're looking for a multi-bagger, there's a few things to keep an eye out for. Amongst other things, we'll want to...
Major Estimate Revision • Nov 08Consensus EPS estimates increase by 214%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from US$0.035 to US$0.11. Revenue forecast steady at US$489.3m. Net income forecast to shrink 1.5% next year vs 22% growth forecast for Hospitality industry in the US . Consensus price target up from US$13.00 to US$14.00. Share price rose 13% to US$9.93 over the past week.
분석 기사 • Nov 03Is It Too Late To Consider Buying Potbelly Corporation (NASDAQ:PBPB)?While Potbelly Corporation ( NASDAQ:PBPB ) might not be the most widely known stock at the moment, it led the NASDAQGS...
Reported Earnings • Nov 02Third quarter 2023 earnings: EPS exceeds analyst expectationsThird quarter 2023 results: EPS: US$0.051 (down from US$0.31 in 3Q 2022). Revenue: US$120.8m (up 2.7% from 3Q 2022). Net income: US$1.50m (down 83% from 3Q 2022). Profit margin: 1.2% (down from 7.7% in 3Q 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) exceeded analyst estimates. Revenue is expected to decline by 2.1% p.a. on average during the next 3 years, while revenues in the Hospitality industry in the US are expected to grow by 11%. Over the last 3 years on average, earnings per share has increased by 105% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth.
공시 • Oct 31Potbelly Corporation (NasdaqGS:PBPB) acquired Four Units in the greater Columbus, Ohio region from Royal Restaurant Group.Potbelly Corporation (NasdaqGS:PBPB) acquired Four Units in the greater Columbus, Ohio region from Royal Restaurant Group on October 30, 2023.Potbelly Corporation (NasdaqGS:PBPB) completed the acquisition of Four Units in the greater Columbus, Ohio region from Royal Restaurant Group on October 30, 2023.
분석 기사 • Oct 19There's No Escaping Potbelly Corporation's (NASDAQ:PBPB) Muted RevenuesPotbelly Corporation's ( NASDAQ:PBPB ) price-to-sales (or "P/S") ratio of 0.5x may look like a pretty appealing...
공시 • Oct 12Potbelly Corporation to Report Q3, 2023 Results on Nov 01, 2023Potbelly Corporation announced that they will report Q3, 2023 results After-Market on Nov 01, 2023
New Risk • Oct 05New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 18% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 18% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (2.1% increase in shares outstanding).
공시 • Aug 09Nierenberg Investment Management Company Inc Engages with Potbelly CorporationOn August 8, 2023, Nierenberg Investment Management Company Inc announced that it has engaged with the Potbelly Corporation and urged the Company to repurchase over 8M shares opportunistically over the next 9 years, beginning as soon as possible, pay off its borrowings while prudently maintaining a line of credit, scrutinize all corporate level costs for more savings opportunities, use free cash flow to reduce the share count from 29.3 to 23M, encourage insiders to buy shares.
New Risk • Aug 05New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (2.1% increase in shares outstanding).
Reported Earnings • Aug 04Second quarter 2023 earnings released: EPS: US$0.076 (vs US$0.02 in 2Q 2022)Second quarter 2023 results: EPS: US$0.076 (up from US$0.02 in 2Q 2022). Revenue: US$126.6m (up 9.2% from 2Q 2022). Net income: US$2.22m (up 286% from 2Q 2022). Profit margin: 1.8% (up from 0.5% in 2Q 2022). Revenue is expected to decline by 2.5% p.a. on average during the next 2 years, while revenues in the Hospitality industry in the US are expected to grow by 11%. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth.
공시 • Aug 04Potbelly Corporation Provides Sales Guidance for the Third Quarter and Fiscal Year 2023Potbelly Corporation provided sales guidance for the third quarter and fiscal year 2023. For the quarter, the company expects Same-store sales to be 7.0% to 9.0%.For the fiscal year 2023, the company expects Same-store sales to be High single-digit to low double-digit growth.
공시 • Jul 14Potbelly Corporation to Report Q2, 2023 Results on Aug 03, 2023Potbelly Corporation announced that they will report Q2, 2023 results After-Market on Aug 03, 2023
공시 • Jun 14Potbelly Corporation Announces Management ChangesPotbelly Corporation announced two strategic appointments to its corporate leadership team. Industry veteran Lynette McKee, CFE has been named Senior Vice President of Franchising, overseeing all aspects of franchisee recruitment and sales. Patrick Walsh joins Potbelly as Chief People Officer and will oversee and lead the brand's People team and human resources across the company. With more than 25 years of experience in the franchising space and a Certified Franchise Executive, Ms. McKee most recently owned and operated her consulting practice, McKee Services LLC, which she began in 2012 as an advisory services firm specializing in franchising and development. She previously served as Executive Director of the National Restaurant Association Educational Foundation. Prior to that role, Ms. McKee was Chief Development Officer at Checkers Drive-In Restaurants and oversaw franchising at global restaurant brands Dunkin' Brands and Burger King. Additionally, she held franchise leadership positions at the American casual dining company Metromedia Restaurant Group, as well as several hospitality companies. Ms. McKee earned a degree in Education from Vanderbilt University. Mr. Walsh previously served as VP, Head of Human Resources at manufacturing and supply company Oil-Dri Corporation of America. Prior to that role, he spent more than a decade, non-consecutively, in various human resources positions, including leadership roles, at PepsiCo, most recently as Senior Director of Human Resources. He also has experience in the restaurant industry, having held a leadership position overseeing human resources and talent acquisition at Pizza Hut. Patrick earned an undergraduate degree in Psychology and a Master's degree in Human Resources and Industrial Relations, both from the University of Illinois at Urbana-Champaign. As Ms. McKee assumes her new role, Potbelly Chief Development Officer Larry Strain will continue to focus on supporting the brand and its franchisees in market planning, brokerage services, and other critical areas related to development through Restaurant Development Experts, the market development advisory firm he founded.
분석 기사 • Jun 07Here's Why Potbelly (NASDAQ:PBPB) Can Manage Its Debt ResponsiblyWarren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...
Recent Insider Transactions • May 14Senior VP & Chief Information Officer recently sold US$92k worth of stockOn the 9th of May, Jeffrey Douglas sold around 11k shares on-market at roughly US$8.18 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought US$263k more than they sold in the last 12 months.
Recent Insider Transactions Derivative • May 12Senior VP & Chief Information Officer notifies of intention to sell stockJeffrey Douglas intends to sell 11k shares in the next 90 days after lodging an Intent To Sell Form on the 9th of May. If the sale is conducted around the recent share price of US$8.30, it would amount to US$93k. Since June 2022, Jeffrey's direct individual holding has increased from 54.38k shares to 96.06k. Company insiders have collectively bought US$229k more than they sold, via options and on-market transactions, in the last 12 months.
Valuation Update With 7 Day Price Move • May 11Investor sentiment deteriorates as stock falls 22%After last week's 22% share price decline to US$8.29, the stock trades at a trailing P/E ratio of 22.3x. Average forward P/E is 17x in the Hospitality industry in the US. Total returns to shareholders of 268% over the past three years.
분석 기사 • May 06Is Now The Time To Look At Buying Potbelly Corporation (NASDAQ:PBPB)?While Potbelly Corporation ( NASDAQ:PBPB ) might not be the most widely known stock at the moment, it received a lot of...
Reported Earnings • May 06First quarter 2023 earnings released: US$0.046 loss per share (vs US$0.28 loss in 1Q 2022)First quarter 2023 results: US$0.046 loss per share (improved from US$0.28 loss in 1Q 2022). Revenue: US$118.3m (up 20% from 1Q 2022). Net loss: US$1.33m (loss narrowed 83% from 1Q 2022). Revenue is expected to decline by 1.8% p.a. on average during the next 2 years, while revenues in the Hospitality industry in the US are expected to grow by 11%. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 45% per year, which means it is significantly lagging earnings growth.
