PBPB News and Press, Potbelly Corporation From 02/17/23

Summary Potbelly stock has surged close to 40% in 2023. Our investment in PBPB was originally a post-Covid recovery special situation. Our expectations are for high single-digit/low double-digit revenue growth for the next few years. The key to our thesis is we believe PBPB...

Summary Artko Capital invests in small/micro cap companies and special situations within a concentrated portfolio. For the fourth calendar quarter of 2022, an average partnership interest in Artko Capital LP was up 6.7% net of fees. For the calendar year of 2022, an average partners...

Summary The Refinitiv U.S. Retail and Restaurant Q4 earnings index, which tracks changes in the growth rate of earnings within the sector, is expected to show a weak 22.9% decline over last year’s levels. Our metrics show that ten of 11 consumer-related industries have turned neg...

CHICAGO, Feb. 13, 2023 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ: PBPB ) (“Potbelly” or the “Company”), the iconic neighborhood sandwich shop, today announced the date for the release of its fourth quarter and full-year 2022 financial results. Fourth...

Potbelly ( NASDAQ: PBPB ) on Friday announced that it closed on a new $25 million senior secured term loan that matures on February 7, 2028, led by Sagard. The new five-year term loan replaces the short-term revolving credit facility with J.P. Morgan. The remaining procee...

CHICAGO, Feb. 10, 2023 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ: PBPB) (“Potbelly” or the “Company”), the iconic neighborhood sandwich shop, today announced it closed on a new $25 million senior secured term loan (the “Facility”) that matures on F...

Summary Potbelly announced Q4 2022 sales results and shop-level margins that exceeded expectations. It reported +18.9% same-store sales growth compared to Q4 2021 along with a roughly 3% sequential improvement in shop-level margins compared to Q3 2022. Potbelly only needs +4% additi...

Summary QSRs (and those that aspire to be "fast casual") hotels, cruise ships, and nursing facilities tend to be vulnerable to the highly contagious Norovirus, mostly in the Winter months. Staffing shortages, high turnover and lax surveillance increase the likelihood that Norovirus prot...

Potbelly Treats Fans to BOGO Sandwiches on Its Birthday PR Newswire Gifting Potbelly Fanatics a Tasty Birthday Treat at their Neighborhood Sandwich Shop CHICAGO , Jan. 10, 2023 /PRNewswire/ -- Potbelly (NASDAQ: PBPB) is celebrating its 46th birthday with ...

Summary Red Robin Gourmet Burgers has faced a lot of pain in recent years, with sales, profits, and cash flows all falling. Recent data has been far from great, but management has admitted their problems and seems to be working on a solution. This plan lacks the serious details inve...