v3.25.2
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 29, 2025
Jun. 30, 2024
Jun. 29, 2025
Jun. 30, 2024
Revenues        
Total revenues $ 123,709 $ 119,697 $ 237,390 $ 230,850
Sandwich shop operating expenses, excluding depreciation        
Food, beverage and packaging costs 31,110 31,306 59,561 60,576
Labor and related expenses 33,210 32,313 66,307 64,566
Occupancy expenses 12,522 12,543 24,549 24,257
Other operating expenses 21,808 21,264 42,299 41,093
Franchise support, rent and marketing expenses 3,375 3,001 6,473 5,538
General and administrative expenses 13,362 11,866 25,734 23,413
Depreciation expense 3,928 3,016 7,649 6,027
Pre-opening costs 152 96 264 96
Loss on Franchise Growth Acceleration Initiative activities 60 28 95 161
Impairment, loss on disposal of property and equipment and shop closures 480 145 507 886
Total operating expenses 120,007 115,578 233,438 226,613
Income from operations 3,702 4,119 3,952 4,237
Interest expense, net 123 181 290 545
Loss on extinguishment of debt 0 0 0 2,376
Income before income taxes 3,579 3,938 3,662 1,316
Income tax expense (benefit) 665 (30,982) 663 (30,931)
Net income 2,914 34,920 2,999 32,247
Net income attributable to non-controlling interest 426 208 573 302
Net income attributable to Potbelly Corporation $ 2,488 $ 34,712 $ 2,426 $ 31,945
Net income per common share attributable to common stockholders:        
Basic (in USD per share) $ 0.08 $ 1.16 $ 0.08 $ 1.07
Diluted (in USD per share) $ 0.08 $ 1.13 $ 0.08 $ 1.04
Weighted average shares outstanding:        
Basic (in shares) 30,192 29,926 30,041 29,903
Diluted (in shares) 30,811 30,714 30,785 30,842
Sandwich shop sales, net        
Revenues        
Total revenues $ 118,396 $ 115,536 $ 227,398 $ 223,113
Franchise royalties, fees and rent income        
Revenues        
Total revenues $ 5,313 $ 4,161 $ 9,992 $ 7,737