From GlobeNewswire:

Potbelly Corporation will be participating in a fireside chat and hosting investor meetings at the 26th Annual ICR Conference in Orlando, FL on January 8-9, 2024. The company has reported 5.9% – 6.4% same-store sales growth with Average Weekly Sales (AWS) of $24,870 – $24,970, driven mainly by traffic growth. Additionally, 192 new shop commitments have been made under the Franchise Growth Acceleration Initiative. The expected financial results are preliminary and unaudited.

The President and Chief Executive Officer of Potbelly Corporation, Bob Wright, commented on the preliminary fourth quarter results and plans for 2024. The company saw strong performance and continued growth in same-store sales and traffic share within the fast casual industry. They have also signed several additional development deals, bringing their total shop commitments to 192 shops, with more deals in the pipeline. The company expects to release final financial and operating results for its fiscal fourth quarter and fiscal year ended December 31, 2023 during March 2024.

Potbelly Corporation, a neighborhood sandwich concept, has been reported to feed customers’ smiles with warm, toasty sandwiches, signature salads, hand-dipped shakes and other fresh menu items for over 40 years. The company has expanded to neighborhoods across the country with approximately 430 shops in the United States, including 69 franchised shops. For more information, visit www.potbelly.com.

The company is committed to growing and sustaining positive momentum into 2024 and is hopeful about the upcoming year. However, there are risks and uncertainties involved including the ability to execute growth plans and achieve planned expansion as well as any potential negative events that may deviate from expectations. The company is making a statement pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and are based on management’s belief or interpretation of information currently available. These statements and assumptions involve certain risks and uncertainties. They assume no duty to update these statements as of any future date.



Read more: Potbelly Corporation Reports Preliminary Results for Fourth