Loading...
•
Jun 28, 2020
Potbelly Q2 2020 Earnings Report
Potbelly Corporation reported financial results for the second fiscal quarter ended June 28, 2020.
Key Takeaways
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.
Same-store sales steadily improved throughout the quarter, from the late March low of down 68%, to a decline in the mid-20% range throughout the month of June.
Cash flow-positive at the store-level since May 31, 2020.
Weekly cash burn trended lower throughout the quarter and is now down approximately 75%, from $2.0 million per week early in the pandemic, to a projected $0.5 million per week average, including lease termination costs, for the second half of fiscal 2020.
Digital sales nearly tripled quarter-over-quarter to 46% of total sales.
Revenue by Segment
Forward Guidance
Potbelly anticipates permanently closing fewer than 50 shops.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...