Potbelly reports Q1 adjusted EPS 0c, consensus (2c)

Reports Q1 revenue $113.68M, consensus $111.74M. Company-operated same-store sales in the first quarter increased 0.9%. Bob Wright, President and Chief Executive Officer of Potbelly (PBPB) Corporation, commented, “We are pleased with the great start to 2025 and our strong finish to the first quarter which showcased the strength of the Potbelly brand. Not only did we deliver strong system-wide sales growth including positive same-store sales growth that exceeded our expectations, but we also posted another quarter of strong profitability. Moreover, we made significant progress in our franchise development efforts by delivering on our promise to open four new franchise shops during the first quarter, which included new shops from three different franchise groups across two different states.”