Potbelly Corporation reported preliminary estimated results for the fourth fiscal quarter ended December 29, 2024, on January 14, 2025. The company expects to deliver positive fourth-quarter same-store sales growth, exceeding its previous expectations. Management also anticipates expanding restaurant margins and achieving approximately 10% adjusted EBITDA growth for the full year 2024.
During the fourth quarter, Potbelly successfully opened eight new shops and secured commitments for an additional 30 new franchise shops. This brought the total number of open and committed shops to 727 as of December 29, 2024. These figures demonstrate continued progress in the company's franchise-led growth strategy.
Looking ahead to 2025, Potbelly announced that 38 new shop sites are already in various stages of development for opening this year. The company's President and CEO, Bob Wright, expressed confidence that 2025 will be an exciting year, marked by accelerated unit growth and further strengthening of the Potbelly brand.
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