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Potbelly Announces 22-Shop Agreement in Seattle-Tacoma Region

Franchise deal includes development of 13 new shops, sale of nine units CHICAGO, Nov. 15, 2023 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ: PBPB), the iconic neighborhood sandwich shop, today announced the completion of a deal that will expand the company’s presence in the greater

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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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