NASDAQ$PBPB
Potbelly Corporation · Q1 2020 earnings
Q1 2020 earnings · · Investor relations
Briefing
Potbelly Corporation reported financial results for the first fiscal quarter ended March 29, 2020.
Potbelly Corporation reported a decrease in total revenues to $87.6 million compared to $98.1 million. Company-operated comparable store sales decreased 10.1%, while GAAP net loss attributable to Potbelly Corporation was $13.3 million or $0.56 per share. The company is focusing on off-premise and digital strategies to drive improving trends in the second quarter.
- Total revenues decreased to $87.6 million from $98.1 million year-over-year.
- Company-operated comparable store sales decreased 10.1%.
- GAAP net loss attributable to Potbelly Corporation was $13.3 million, or $0.56 per share.
- Adjusted net loss attributable to Potbelly Corporation was $7.7 million, or $0.32 per share.
Headline financials
Revenue & EPS history
Potbelly · Revenue · Quarterly
$87.6M
Revenue by segment
Potbelly · $87.6M total across 2 segments · Q1 2020
- Sandwich shop sales, net$87M—99.3%
- Franchise royalties, fees and rent income$629K—0.7%
Forward guidance
Potbelly is taking steps to support and fortify its business, operating with a cash-preservation mindset. They are having proactive conversations with landlords, considering closing up to 100 shops, and implementing ways to work more effectively and efficiently. The company is seeing encouraging signs of recovery in their business as they move through the second quarter.
Tailwinds
- Strategic investments in digital capabilities are proving critical.
- Sales comps improved to -45% by the first week of May.
- Accessibility is key, with options like delivery, pick-up, and curbside pick-up.
- Innovations like Potbelly Pantry and Family Meals are having an impact.
- Seeing encouraging signs of recovery in the second quarter.
Headwinds
- Challenges will persist over the next several months.
- Operating with a cash-preservation mindset.
- Considering closing up to 100 shops.
- Comparable same-store sales dropped to -68% in March.
- Pandemic arrested the strong turnaround momentum.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 7 quarterly earnings reports
+0.7%
Avg return
Earnings day
+4.9%
Avg return
5 days after
+0.9%
Avg return
30 days after
49%
27 / 55 earnings
Positive
+19.0%
Q4 2014
Best reaction
-24.7%
Q1 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2025 | — | — | — | |
| Q2 2025 | +13.1% | +11.7% | +10.0% | |
| Q1 2025 | +18.2% | +20.4% | +27.1% | |
| Q4 2024 | -18.2% | -17.6% | -25.3% | |
| Q3 2024 | +18.5% | +26.7% | +19.0% | |
| Q2 2024 | +8.4% | +15.7% | +13.7% | |
| Q1 2024 | -5.9% | -10.7% | -18.5% | |
| Q4 2023 | -3.9% | -11.5% | -19.7% | |
| Q3 2023 | +9.7% | — | — | |
| Q2 2023 | -4.7% | — | — | |
| Q1 2023 | -14.7% | — | — | |
| Q4 2022 | +9.4% | — | — | |
| Q3 2022 | +2.9% | — | — | |
| Q2 2022 | +2.7% | — | — | |
| Q1 2022 | -5.4% | — | — | |
| Q4 2021 | +6.9% | — | — | |
| Q3 2021 | -0.2% | — | — | |
| Q2 2021 | -0.8% | — | — | |
| Q1 2021 | +17.2% | — | — | |
| Q4 2020 | +3.6% | — | — | |
| Q3 2020 | +0.0% | — | — | |
| Q2 2020 | +18.7% | — | — | |
| Q1 2020 | -24.7% | — | — | |
| Q4 2019 | -3.3% | — | — | |
| Q3 2019 | +11.5% | — | — | |
| Q2 2019 | -9.5% | — | — | |
| Q1 2019 | -22.5% | — | — | |
| Q4 2018 | -0.5% | — | — | |
| Q3 2018 | -9.0% | — | — | |
| Q2 2018 | +1.2% | — | — | |
| Q1 2018 | +5.7% | — | — | |
| Q4 2017 | +8.4% | — | — | |
| Q3 2017 | +2.6% | — | — | |
| Q2 2017 | +0.5% | — | — | |
| Q1 2017 | -17.9% | — | — | |
| Q4 2016 | +4.2% | — | — | |
| Q3 2016 | -3.4% | — | — | |
| Q2 2016 | +2.6% | — | — | |
| Q1 2016 | -6.8% | — | — | |
| Q4 2015 | +15.9% | — | — | |
| Q3 2015 | -0.5% | — | — | |
| Q2 2015 | -10.2% | — | — | |
| Q1 2015 | -2.1% | — | — | |
| Q4 2014 | +19.0% | — | — | |
| Q3 2014 | +9.1% | — | — | |
| Q2 2014 | +3.5% | — | — | |
| Q1 2013 | -2.7% | — | — | |
| Q1 2014 | -2.2% | — | — | |
| Q4 2011 | -2.4% | — | — | |
| Q1 2012 | -2.4% | — | — | |
| Q2 2013 | -2.4% | — | — | |
| Q2 2012 | -2.4% | — | — | |
| Q4 2013 | -9.5% | — | — | |
| Q4 2012 | +0.4% | — | — | |
| Q3 2012 | +0.4% | — | — | |
| Q3 2013 | +13.9% | — | — |
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