2024-05-15 13:01:02 ET
Summary
- Potbelly Corporation reported decent Q1 2024 results, with same-store sales growth in line with its guidance.
- It slightly reduced its full-year 2024 expectations, though, and now expects low-single digits same-store sales growth.
- It also trimmed its adjusted EBITDA expectations for the full year by around $1 million.
- Potbelly has been increasing its market share, but the overall restaurant and fast casual market has been relatively soft.
Potbelly Corporation ( PBPB ) reported generally solid Q1 2024 results , but appears to be dealing with slightly soft traffic trends. As a result, Potbelly has trimmed its full-year guidance around both same-store sales growth and adjusted EBITDA growth....
Read the full article on Seeking Alpha
For further details see:
Potbelly Corporation: Gaining Market Share, But Facing A Softer Overall Market