Potbelly(US:PBPB)2025-05-07 21:01Q1 2025 Financial Performance - Systemwide sales increased to $140.7 million, up 5% year-over-year[9] - Total revenue reached $109.0 million, a 1% increase compared to the previous year[9] - Franchise royalties, fees, and rent income grew significantly to $4.7 million, representing a 31% increase[9] - Same-store sales increased by 0.9%[9] - Adjusted EBITDA decreased by 3% to $5.5 million, negatively impacted by the absence of a $1.1 million legal settlement benefit from the previous year[9, 10] Shop-Level Profitability - Shop-level profit margin increased by 110 basis points to 13.7%[26, 43] - Average Weekly Sales (AWS) for company-operated shops was $24,550[24] Franchise Growth and Expansion - The Franchise Growth Acceleration (FGA) Initiative shows progress with 766 open and committed shops[34] - Additional franchise commitments increased by 19% year-over-year[35] Financial Outlook - Q2 2025 guidance projects same-store sales growth of 1.5% to 2.5% and adjusted EBITDA between $8.25 million and $9.75 million[38] - 2025 guidance anticipates at least 38 new shop openings and adjusted EBITDA between $33 million and $34 million[39]