Potbelly Corporation, through its subsidiary Potbelly Sandwich Works LLC, owns and operates Potbelly Sandwich Works sandwich shops in the United States. Its shops offer toasty warm sandwiches, signature salads, and other items. The company also sells and administers franchises of new Potbelly Sandwich Works sandwich shops. As of May 6, 2014, it owned and operated approximately 300 shops in the United States and the District of Columbia; and 20 franchised shops in the United States and the Middle East. The company was formerly known as Potbelly Sandwich Works, Inc. and changed its name to Potbelly Corporation in 2002. Potbelly Corporation was founded in 1977 and is headquartered in Chicago, I...
222 Merchandise Mart Plaza
Chicago, IL 60654
Founded in 1977
Potbelly Corporation Appoints Ann-Marie Campbell to its Board of Directors
Aug 8 14
Potbelly Corporation announced that Ann-Marie Campbell has been appointed to Potbelly's Board of Directors. Ms. Campbell is President - Southern Division for The Home Depot. Ms. Campbell has spent her career at The Home Depot, steadfastly progressing from associate to district manager to vice president prior to assuming her current role.
Potbelly Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 29, 2014; Provides Earnings Guidance for the Fiscal 2014
Aug 5 14
Potbelly Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 29, 2014. For the quarter, the company reported total revenues of $83,620,000 compared to $78,186,000 a year ago. Income from operations was $3,454,000 compared to $4,761,000 a year ago. Income before income taxes was $3,414,000 compared to $4,639,000 a year ago. Net income attributable to common stockholders was $2,010,000 or $0.07 per basic and diluted share compared to net loss attributable to common stockholders of $146,000 or $0.03 per basic and diluted share a year ago. Adjusted net income attributable to the company was $2,028,000 or $0.07 per diluted share compared to $2,878,000 or $0.14 per diluted share a year ago. Adjusted EBITDA was $10,062,000 compared to $10,392,000 a year ago.
For the six months period, the company reported total revenues of $157,501,000 compared to $146,930,000 a year ago. Income from operations was $3,013,000 compared to $4,913,000 a year ago. Income before income taxes was $2,931,000 compared to $4,678,000 a year ago. Net income attributable to common stockholders was $1,709,000 or $0.06 per basic and diluted share compared to net loss attributable to common stockholders of $7,524,000 or $1.77 per basic and diluted share a year ago. Adjusted net income attributable to the company was $2,220,000 or $0.07 per diluted share compared to $2,967,000 or $0.14 per diluted share a year ago. Adjusted EBITDA was $16,382,000 compared to $16,183,000 a year ago.
The company provided earnings guidance for the fiscal 2014. The company affirmed its financial outlook for fiscal 2014. Flat to negative low single-digit comparable store sales; an effective tax rate that is estimated to be approximately 39.5%; and adjusted net income attributable to the company per diluted share of approximately $0.18 to $0.21. In addition, the company still expects capital expenditures of $30 million to $35 million.