PotbellyNASDAQ: PBPB

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's focus on franchise expansion, digital transformation and value-driven strategies position it well for future growth.

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.

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.

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.

Investors need to pay close attention to Potbelly (PBPB) stock based on the movements in the options market lately.

Potbelly: New Units Coming Out Of The Oven!

Further Expands Presence at Military Installations Following First Shop Opening at Fort Liberty, Two Additional Under Development

CHICAGO, May 22, 2024 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ: PBPB) (“Potbelly” or the “Company”), the iconic neighborhood sandwich shop concept, today announced that Bob Wright, President and Chief Executive Officer, and Steve Cirulis, Senior Vice President and Chief Financial Officer, will participate in upcoming investor conferences.