The sandwich chain is still reporting a small decrease in same-store sales year over year.
Potbelly Corp. has announced the sandwich franchise’s Q2 financial results, and the numbers are promising for the Chicago-based chain.
According to an article in Nation’s Restaurant News, total revenue for the chain increased by two percent to $110.3 million, a little more than $2 million more than the total revenue for the same period last year and the highest the brand has seen since Q4 of 2016.
The franchise is still experiencing a decrease in same-store sales year over year, a trend that has been dogging the brand for years, but it is a step closer to stemming the losses, reporting a .2 percent decrease in same-store sales versus a 3.6 percent decrease over the same period last year.
In a conference call with investors, Potbelly’s president and CEO Alan Johnson said the franchise has lined up a host of sales promotions to drive sales and build on the gains it has seen over the past year.
“Eventually we will run out of things that don’t work,” he said. “We’re not betting the farm with any single promotion.”
Potbelly made a number of high-profile changes in its corporate office this year, including the hiring of ex-Papa Johns CMO Brandon Rhoten.
Read the full article at nrn.com.