Potbelly Continues Its Sales Resurgence

Dec. 03, 2022 1:53 AM ETPotbelly Corporation (PBPB) StockPBPB1 Comment

Summary

  • Potbelly's Q3 2022 sales ended up near the high end of its guidance.
  • It also reported continuing strength into October, with October comps at +23.4% along with new highs for per store weekly sales.
  • Price increases plus strong sales have helped Potbelly's shop-level margins.
  • It still may face challenges getting to its 16% shop-level margin target for 2024 though.
  • Looking for more investing ideas like this one? Get them exclusively at Distressed Value Investing. Learn More »

Outside seating area of Potbelly fast food restaurant

ablokhin/iStock Editorial via Getty Images

Potbelly (NASDAQ:PBPB) continues to deliver strong sales performance, with its Q3 2022 revenues ending up near the high-end of its guidance for the quarter. Potbelly also guided for its Q4 2022 revenues to

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This article was written by

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Aaron Chow, aka Elephant Analytics has 15+ years of analytical experience and is a top rated analyst on TipRanks. Aaron previously co-founded a mobile gaming company (Absolute Games) that was acquired by PENN Entertainment. He used his analytical and modeling skills to design the in-game economic models for two mobile apps with over 30 million in combined installs. He is the author of the investing group Distressed Value Investing, which focuses on both value opportunities and distressed plays, with a significant focus on the energy sector. Learn more>>

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