Potbelly Co Company profile
About Potbelly Corp
Potbelly Corporation (Potbelly) is a sandwich concept that offers its customers with customized menu items. The Company owns and operates Potbelly Sandwich Shop concepts in the United States. The Company also has domestic franchise operations of Potbelly Sandwich Shop concepts. The Company through its subsidiaries, owns and operates approximately 398 Company-owned shops in Alaska, California, Florida, Illinois, Indiana, Iowa, Kentucky, Michigan, Minnesota, Missouri, Mississippi, Nebraska, North Carolina, North Dakota, South Dakota, Tennessee, Texas, and Virginia. Additionally, Potbelly franchisees operate approximately 45 shops in the United States. The Company's menu includes sandwiches, salads, soups, chili, sides, desserts and, in its breakfast locations, breakfast sandwiches and steel cut oatmeal.
Financial summary
BRIEF: For the fiscal year ended 26 December 2021, Potbelly Corp revenues increased 30% to $380.1M. Net loss decreased 64% to $23.8M. Revenues reflect Comparable Store Sales % - Company increase from -24.7 to 30.3%, Franchise royalties and fees increase of 42% to $2.8M. Lower net loss reflects Impairment and loss on disposal of prope decrease of 58% to $5.1M (expense), Depreciation expense decrease of 20% to $15.9M (expense).
Equity composition
Common Stock, $0.01 Par, 10/13, 200M auth., 28,006,535 issd., Insiders own approx. 73.22%
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