Potbelly Earnings Reports

Potbelly Corporation delivered a strong second quarter performance with continued top-line momentum, including positive traffic and new unit growth ahead of expectations. The company saw a 3.4% increase in total revenues to $123.7 million and a 13.0% increase in Adjusted EBITDA to $9.6 million. Adjusted diluted EPS rose to $0.09, reflecting the growth engine built over the past five years.

Potbelly Corporation delivered a strong first quarter in 2025, with total revenues increasing by 2.3% to $113.7 million and a substantial improvement in net loss, which decreased from $2.8 million in the prior year to $62 thousand. The company also reported positive system-wide sales growth and continued progress in its franchise development efforts.

Potbelly Corporation posted Q4 2024 revenue of $116.6 million, a 7.3% decline from the prior year due to the impact of a 53rd week in 2023 and refranchising activities. Despite lower revenue, net income surged 69% to $4.6 million, and adjusted EBITDA grew by 30% to $9.7 million. Adjusted EPS increased to $0.13 from $0.02, reflecting operational efficiencies and improved profitability.

Potbelly Corporation reported a 4.7% increase in total revenues for the fourth quarter, reaching $125.7 million, driven by a 6.3% increase in same-store sales and a 3.4% increase in Average Weekly Sales (AWS) to $24,960. GAAP net income attributable to Potbelly Corporation was $2.7 million, with diluted EPS of $0.09.

Potbelly Corporation reported strong Q4 2022 results, with a 17% increase in total revenues to $120.2 million and same-store sales up 18.9%. The company achieved an operating income of $3.2 million and a GAAP net income of $2.7 million, driven by shop-level margin expansion. Adjusted EBITDA improved to $7.5 million, marking the third consecutive quarter of positive adjusted EBITDA.

Potbelly Corporation reported a 40% increase in total revenues to $101.7 million compared to $72.7 million, and a GAAP net loss attributable to Potbelly Corporation was ($2.9) million, compared to a GAAP net loss of ($13.4) million. Adjusted diluted EPS was a loss of ($0.05) compared to an adjusted diluted EPS loss of ($0.42).

Potbelly Corporation reported strong financial results for the second quarter of 2021, with total revenues increasing by 24.9% to $97.5 million. The company experienced significant top-line growth, reflecting strengthening unit-level economics and benefits from strategic initiatives. GAAP net loss attributable to Potbelly was ($3.9) million, and adjusted diluted EPS was a loss of ($0.10).

Potbelly Corporation reported financial results for the first fiscal quarter ended March 28, 2021, showing a 4.3% increase in total revenues to $78.1 million compared to $74.9 million. The company achieved shop-level profitability and expects to be cash flow positive by the end of the third quarter. Same-store sales trends improved to (3.1%).

Potbelly Corporation reported a 3% sequential increase in total revenues to $74.9 million for the fourth quarter of 2020. The company's same-store sales improved by 130 basis points sequentially to (19.7%). Despite these improvements, Potbelly reported a GAAP net loss of ($16.4) million, or ($0.68) per share, and an adjusted net loss of ($13.7) million, or ($0.57) per share.

Potbelly Corporation reported financial results for the third fiscal quarter ended September 27, 2020, showing improvements in same-store sales and reaching profitability at the shop level. The company is implementing a new strategic focus on "Traffic Driven Profitability" and announces a G&A restructuring expected to yield $3.5-$4.0 million in annual corporate expense optimization.

Potbelly Corporation reported a decrease in total revenues to $56.2 million compared to $105.6 million. GAAP net loss attributable to Potbelly Corporation was ($22.2) million or ($0.93) per share, compared to a net loss of ($1.9) million or ($0.08) per share.

Potbelly Corporation reported a decrease in total revenues to $87.6 million compared to $98.1 million. Company-operated comparable store sales decreased 10.1%, while GAAP net loss attributable to Potbelly Corporation was $13.3 million or $0.56 per share. The company is focusing on off-premise and digital strategies to drive improving trends in the second quarter.

Potbelly Corporation reported total revenues of $101.8 million and a net loss attributable to Potbelly Corporation of $1.3 million for the fourth quarter of 2019. Company-operated comparable store sales were nearly flat at (0.1%).