Potbelly Corporation (PBPB)
NASDAQ (NGS) NASDAQ (NGS) Primary 
Potbelly Corporation (PBPB) Q3 2024 Earnings Call Transcript
Potbelly Corporation (NASDAQ:PBPB ) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Adiya Dixon - Chief Legal Officer, Chief Compliance Officer & Secretary Robert Wright - President & Chief Executive Officer Steven Cirulis - Chief Financial Officer & Chief Strategy Officer Conference Call Participants Jeremy Hamblin - Craig-Hallum Alex Sturnieks - Lake Street Capital Markets Todd Brooks - The Benchmark Company Matt Curtis - William Blair Operator Good afternoon everyone and welcome to Potbelly Corporation's Third Quarter 2024 Earnings Conference Call. Today's call is being recorded.
Potbelly (PBPB) Beats Q3 Earnings and Revenue Estimates
Potbelly (PBPB) came out with quarterly earnings of $0.08 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.04 per share a year ago.
Potbelly: Value Levers Seem To Be Paying Off
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.
PBPB Stock Outruns Industry in Past Three Months: Should You Buy Now?
PBPB's focus on franchise expansion, digital transformation and value-driven strategies position it well for future growth.
Potbelly: Challenging Environment Stalls Near-Term Growth, But Long-Term Story Intact
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.
Wall Street Analysts Believe Potbelly (PBPB) Could Rally 96.37%: Here's is How to Trade
The average of price targets set by Wall Street analysts indicates a potential upside of 96.4% in Potbelly (PBPB). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
Does Potbelly (PBPB) Have the Potential to Rally 98.61% as Wall Street Analysts Expect?
The consensus price target hints at a 98.6% upside potential for Potbelly (PBPB). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
Potbelly: A Twist On Value Complements The 'Perks' Hook And Build Strategy
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.
Is the Options Market Predicting a Spike in Potbelly (PBPB) Stock?
Investors need to pay close attention to Potbelly (PBPB) stock based on the movements in the options market lately.
Potbelly Corporation (PBPB) Q2 2024 Earnings Call Transcript
Potbelly Corporation (NASDAQ:PBPB ) Q2 2024 Earnings Conference Call August 8, 2024 5:00 PM ET Company Participants Adiya Dixon - Chief Legal Officer, Chief Compliance Officer and Secretary Robert Wright - President & CEO Steven Cirulis - CFO & Chief Strategy Officer Conference Call Participants Todd Brooks - The Benchmark Company Matt Curtis - William Blair Jeremy Hamblin - Craig-Hallum Operator Good afternoon, everyone, and welcome to Potbelly Corporation's Second Quarter 2024 Earnings Conference Call. Today's call is being recorded.
Potbelly (PBPB) Tops Q2 Earnings and Revenue Estimates
Potbelly (PBPB) came out with quarterly earnings of $0.08 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.07 per share a year ago.
Earnings Preview: Potbelly (PBPB) Q2 Earnings Expected to Decline
Potbelly (PBPB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
