Potbelly(US:PBPB)2022-03-03 13:28Financial Performance Highlights - Q4 2021 revenue reached $102.8 million, a 37% increase compared to Q4 2020[7, 13] - Full Year 2021 revenue totaled $380.1 million, up 30% from the previous year[7, 16] - Q4 2021 saw a Same Store Sales (SSS) increase of 33.8%[7, 14] - Full Year 2021 SSS increased by 30.3%[7, 17] - Adjusted EBITDA for Q4 2021 was $2.6 million, a $9.4 million increase compared to Q4 2020[7, 8, 14] - Adjusted EBITDA for Full Year 2021 was $0.5 million, a $33.2 million increase compared to Full Year 2020[7, 8, 17] Strategic Initiatives and Future Outlook - The company aims for AUVs of $1.3 million through continued recovery, increased marketing, and food innovation[39] - The company plans to refranchise approximately 25% of its shops to accelerate franchise unit growth[39] - The company is targeting franchise unit growth of 10%[39] - Q1 2022 sales are projected to be between $95.0 million and $98.0 million, with shop-level margins between 3.5% and 5.5%[28]