Potbelly(US:PBPB) Globenewswireยท2025-08-06 20:05Core Insights - Potbelly Corporation reported a strong second quarter with system-wide sales growth of 6.7%, including a 3.2% increase in company-operated same-store sales and positive traffic growth [1][4] - The company opened eight new shops and secured 54 additional franchise commitments during the second quarter [6][8] - Potbelly raised its full-year guidance and introduced guidance for Q3 2025, projecting same-store sales growth of 3.25% to 4.25% [5] Financial Performance - Total revenues for the second quarter increased by 3.4% to $123.7 million compared to $119.7 million in the prior year [7] - Adjusted EBITDA rose by 13.0% to $9.6 million, up from $8.5 million [7][32] - GAAP net income was reported at $2.5 million, a decrease from $34.7 million in the previous year, primarily due to a prior year tax benefit [7][30] Operational Highlights - Average Weekly Sales (AWS) increased by 3.6% to $27,040 compared to $26,110 [7] - The total number of open and committed shops reached 816 as of June 29, 2025 [8] - The company repurchased approximately 113,000 shares of common stock for about $1.0 million during the second quarter [9] Future Outlook - For Q3 2025, Potbelly expects adjusted EBITDA between $9.0 million and $10.0 million, with full-year adjusted EBITDA guidance set at $34 million to $35 million [5] - The company aims to open at least 38 new shops in 2025 [5]