Potbelly jumps on raising Q4 forecasts

Flowers Foods

13/01/2025 20:46

** Sandwich chain Potbelly  PBPB.O  shares up nearly 14% at
$10.32 in afternoon trade
    ** Co sees Q4 same-store-sales growth of 0.2% to 0.3%,
better than its November forecast of a drop between 0.5% and
2.5%
    ** Expects Q4 adj. EBITDA of $8 mln to $8.4 mln vs prior
forecast of $7 mln to $8 mln
    ** Upside was driven by ongoing product innovation, digital
marketing efforts, and various operational improvements, with
restaurant-level margin up versus year-ago period - brokerage
William Blair 
    ** PBPB stock fell 9.6% in 2024