Potbelly: Strong Sales Performance

Sep. 16, 2022 9:50 PM ETPotbelly Corporation (PBPB)1 Comment


  • Potbelly reported +17.2% same-store sales growth in Q2 2022.
  • This was significantly driven by the continued recovery in Central Business District and Airport stores.
  • Those stores will likely drive less sales improvement in the future as foot traffic levels reach pre-pandemic levels.
  • However, Potbelly's per store sales levels are already close to 20% higher than pre-pandemic levels.
  • Wage and ingredient inflation are pressuring Potbelly's margins, keeping its shop-level margins several percent below pre-pandemic levels despite improvement.
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Outside empty seating area of Potbelly fast food restaurant with sign

ablokhin/iStock Editorial via Getty Images

Potbelly (NASDAQ:PBPB) has impressed with its sales performance, delivering +17.2% same-store sales growth in Q2 2022. This was partially driven by the tailwinds from the foot traffic in the Central Business District

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