By Daniella Parra
Potbelly Corp. (Nasdaq: PBPB) said its average weekly sales in the second quarter increased 0.6% to $26,110 and same-store sales in the second quarter increased 0.4%.
Adjusted EBITDA increased 5.9% to $8.5 million, while total revenue decreased by 5.5% to $119.7 million compared to $126.6 million, the company said.
Potbelly opened four new shops in the quarter, while adding 22 new franchise shop commitments, it said.
“We grew same-store sales by 0.4%, we posted our 13th consecutive quarter of year-over-year shop margin expansion, and we opened four new shops to go along with franchise commitments for 22 additional shops,” said President and Chief Executive Officer Bob Wright.
