PBPB - Potbelly: Finishes 2023 With Sales At The High End Of Expectations
2024-02-21 15:28:59 ET
Summary
- Potbelly Corporation reported preliminary Q4 2023 same-store sales growth of +5.9% to +6.4%.
- This was at the high end of its +4% to +6% guidance for the quarter.
- I had previously noted that Potbelly's sequential quarterly sales growth looked pretty flat.
- The Q4 2023 results improve the odds for further sales growth, so I am now modeling +2% to +5% same-store sales growth in 2024.
- Potbelly also is saving money with its new credit facility, which has an interest rate that is 6% lower than its term loan.
Potbelly Corporation ( PBPB ) announced preliminary Q4 2023 sales results that were around the high-end of its guidance for the quarter. This strong performance in late 2023 increases the odds of Potbelly being able to deliver some same-store sales growth in 2024. Full results are expected on March 7th....
Potbelly: Finishes 2023 With Sales At The High End Of Expectations