Potbelly Q1 revenue down 6% to $111.2M, net loss widens; announces $20M buyback

POTBELLY CORP

2024-Q1 EPS reported -$0.09 revenue$111,153,000

Total revenues $111.2M, down 6.0% YoY; same-store sales fell 0.2%.
GAAP net loss $2.8M ($0.09 diluted EPS) vs $1.3M loss ($0.05 EPS) a year ago.
Adjusted EBITDA rose 2.2% to $5.7M; adjusted diluted EPS $0.01.
AWS $24,250, up 1.6%; 32 new franchise shop commitments in Q1.
Board authorized $20M share repurchase program.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

POTBELLY CORP reported first fiscal quarter ended March 31, 2024 results: revenue $111.2 million.

Period: first fiscal quarter ended March 31, 2024
Revenue: $111.2 million
Result: reported results

Exact text from the filing

Total revenues decreased by 6.0% to $111.2 million compared to $118.3 million

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Source: SEC EDGAR

accession 0001195734-24-000092

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