Potbelly: Challenging Environment Stalls Near-Term Growth, But Long-Term Story Intact
PBPBPotbelly(PBPB) Seeking Alpha·2024-09-10 14:50

ablokhin Potbelly Corporation (NASDAQ:PBPB) delivered decent Q2 2024 results, with adjusted EBITDA at the high end of its guidance range, despite limited same-store sales growth. Potbelly did well in optimizing its labor costs to help boost its shop-level margins to 15.7%. However, the challenging consumer environment is having some impact on Potbelly's near-term outlook. It made a downward revision for its full-year 2024 guidance for the second time, and now expects roughly flat same-store sales growth and ...