CHICAGO, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ: PBPB), the iconic neighborhood sandwich shop, has announced its continued expansion in the Phoenix, Arizona market with the signing of a new Shop Development Agreement (SDA). This agreement marks a franchised partnership with Adam Warda to open five new Potbelly locations in the vibrant Phoenix area. The development of these five locations aligns with Potbelly’s strategic growth plan to expand its footprint through franchising in the S ...

Core Viewpoint - Potbelly Corporation is expanding its presence in Illinois through a new Shop Development Agreement, with franchisees Anand and Nimisha Patel committing to open three new locations in the Kane and Kendall markets [1][2]. Group 1: Expansion Strategy - The new development aligns with Potbelly's strategic growth plan to expand its footprint through franchising in key areas across the nation [2]. - The company is actively seeking partnerships with passionate multi-unit operators to penetrate untapped territories in Illinois and neighboring states [2]. Group 2: Franchisee Background - Franchisees Anand and Nimisha Patel have significant experience in the food and beverage industry, having previously owned brands like Dunkin' Donuts and Baskin Robbins [3]. - Their successful track record and commitment to quality dining experiences make them suitable partners for Potbelly's growth in Illinois [3]. Group 3: Community Impact - The new Potbelly locations will contribute to local economic growth by creating job opportunities in the Kane and Kendall areas [4]. - The company is known for its toasted sandwiches and inviting atmosphere, appealing to customers seeking an elevated fast-casual dining experience [4]. Group 4: Company Overview - Potbelly Corporation has been serving customers for over 40 years, offering a menu that includes warm sandwiches, salads, and hand-dipped shakes [5]. - The company operates more than 440 shops in the United States, with over 90 of those being franchised locations [5].

Core Insights - Potbelly Corporation is expanding its presence in the Pacific Northwest by opening 14 new locations in Portland, Oregon as part of its strategic growth plan [1][2][3] Expansion Strategy - The new shops in Portland are part of Potbelly's broader strategy to establish a strong presence in key markets through franchising across the United States [2][3] - The franchisee has also committed to further development in Seattle, Washington, and Salt Lake City, Utah, enhancing the brand's footprint in the region [3] Franchise Opportunities - Potbelly is actively seeking passionate multi-unit operators to join its franchise network, with opportunities available in select territories including Oregon, Washington, and Utah [4] - The company emphasizes its commitment to providing a warm and inviting atmosphere along with craveable menu items, which include toasted sandwiches, hand-dipped shakes, and flavorful soups [2][5] Company Background - Potbelly Corporation has been in operation for over 40 years, starting from its first shop in Chicago in 1977, and has grown to more than 440 locations across the United States, including over 90 franchised shops [5]

CHICAGO, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ: PBPB), the iconic neighborhood sandwich shop, is thrilled to announce its continued expansion in the South. A newly finalized Shop Development Agreement (SDA) with franchisee Michael Wimberly will bring four new Potbelly locations to the Jackson, Mississippi market. The addition of these four shops in Jackson is a key part of Potbelly’s strategic growth plan to expand its footprint through franchising in key markets across the United S ...

Core Insights - Potbelly Corporation is expanding its presence in Northern Virginia through a new Shop Development Agreement, building on its existing partnership with former CEO Bryant Keil and his son Hampden Keil [1][2] - The company plans to open eight new locations in Virginia, aligning with its strategic growth plan to expand through franchising in key markets [2][3] - The expansion aims to enhance local dining options and strengthen community connections [3][4] Company Strategy - The new locations are part of Potbelly's strategy to partner with multi-unit operators to tap into untapped territories in Virginia and Maryland [2] - The focus on franchising is a key element of Potbelly's growth strategy, allowing for quicker expansion and local engagement [2] Economic Impact - The new shops are expected to create numerous job opportunities, contributing to local economic growth [5] - Further details regarding specific site locations and grand opening events will be announced as plans progress [5] Brand Commitment - Potbelly emphasizes its commitment to providing a warm and welcoming atmosphere, along with its signature menu items, to foster strong community ties [3][4] - The experience and passion of Bryant and Hampden Keil are expected to enhance the brand's reputation as a vibrant neighborhood hub [4]

CHICAGO, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ: PBPB), the iconic neighborhood sandwich shop, is excited to announce its growth in the Winston-Salem, North Carolina market with the signing of a new Shop Development Agreement (SDA). The recently finalized agreement marks a franchise partnership with Dion and Keish Hilliard to open six new Potbelly locations across the Winston-Salem, Greensboro, and Burlington, NC markets. The development of these six locations represents a significan ...

CHICAGO, Feb. 20, 2025 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ: PBPB), the iconic neighborhood sandwich shop, is excited to announce its expansion into the Northern Delaware, Philadelphia, Pennsylvania market, with two new locations on the horizon. Known for its craveable toasted sandwiches, hand-dipped milkshakes, and welcoming neighborhood vibe, Potbelly is set to become the region’s newest favorite dining destination. Residents of Kent and New Castle Counties in Delaware, along with those in Sou ...

CHICAGO, Feb. 18, 2025 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ: PBPB) (“Potbelly” or the “Company”), the iconic neighborhood sandwich shop concept, today announced the date for the release of its fourth quarter and full year 2024 financial results. Fourth Quarter and Full Year 2024 ResultsPotbelly will report its financial results for the fiscal fourth quarter and full year 2024 on Thursday, March 6, 2025 after market close. The Company has scheduled a conference call for investors at 5:00 p.m. Eas ...

CHICAGO, Feb. 18, 2025 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ: PBPB) Potbelly Sandwich Works, the popular fast-casual restaurant known for its delicious sandwiches and inviting atmosphere, is thrilled to announce exclusive franchise opportunities for ambitious business owners to be the sole developer/operator markets in Omaha, NE; Wichita, KS; Colorado Springs, CO; Provo, UT; Killeen/Temple, TX; and Albuquerque, NM. This unique opportunity to develop on average 4–6 trade areas enables individuals ...

Core Viewpoint - Potbelly (PBPB) has shown a significant price increase of 30.9% over the past four weeks, with analysts suggesting further upside potential based on price targets and earnings estimates [1][9]. Price Targets - The mean price target for PBPB is $15.33, indicating a potential upside of 25.3% from the current price [1]. - Analysts have set short-term price targets ranging from a low of $14 to a high of $16, with a standard deviation of $1.15, suggesting a moderate level of agreement among analysts [2][7]. - The lowest estimate indicates a 14.4% increase, while the highest suggests a 30.7% upside [2]. Earnings Estimates - There is a strong consensus among analysts regarding the upward revision of PBPB's earnings estimates, which is a positive indicator for potential stock price increases [4][9]. - Over the last 30 days, one estimate has increased, leading to an 8% rise in the Zacks Consensus Estimate for the current year [10]. Analyst Ratings - PBPB currently holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate factors [11]. - The strong agreement among analysts regarding earnings revisions supports the view of potential upside for the stock [4][9]. Caution on Price Targets - While price targets are a common metric for investors, relying solely on them may not be prudent due to historical inaccuracies in predicting stock movements [3][5][8]. - Analysts often set optimistic price targets influenced by business relationships, which can lead to inflated expectations [6].