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Potbelly Accelerates Growth with Signed Commitments for 32 New U.S. Shops

Six development agreements finalized since July will extend brand presence across the country over the next eight years CHICAGO, Nov. 08, 2024 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ: PBPB), the iconic neighborhood sandwich shop, today announced the completion of six new multi-unit

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Why Invest in PBPB?

  • Why invest in PB
     
    STRONG BRAND,
    DIFFERENTIATED
    EXPERIENCE
    Authentic fast casual
    concept, with fresh, fast, and
    friendly service and high
    brand recognition across
    400+ locations
  • Why invest in PB
     
    STRONG
    LEADERSHIP
    TEAM
    Highly experienced
    executive leadership team
    with deep restaurant roots
    and a reinvigorated
    results-oriented culture
  • Why invest in PB
     
    EXECUTING
    AGAINST FIVE-PILLAR
    STRATEGY
    Positive momentum driven
    by renewed focus on food
    innovation and promotions,
    leveraging of tech stack to
    drive an increase in user base
    and heightened engagement
  • Why invest in PB
     
    FOCUS ON VOLUME
    AND PROFITABILITY
    TARGETS
    2024 strategic growth
    objectives including $1.3M in
    annualized AUVs, shop-level
    margins of 16% with
    continued recovery across
    shop portfolio, targeted
    marketing/advertising and cost discipline
  • Why invest in PB
     
    FRANCHISE GROWTH
    ACCELERATION
    INITIATIVE
    Capital light franchise
    growth targets of
    refranchising ~25% of
    company-owned shops,
    achieving at least 10%
    franchise unit growth with
    long-term goal of
    ~2,000 shops
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