Earnings Call Summary | Potbelly(PBPB.US) Q1 2024 Earnings Conference
Earnings Call Summary | Potbelly(PBPB.US) Q1 2024 Earnings Conference
The following is a summary of the Potbelly Corporation (PBPB) Q1 2024 Earnings Call Transcript:
以下是Potbelly Corporation(PBPB)2024年第一季度财报电话会议记录的摘要:
Financial Performance:
财务业绩:
Potbelly Corporation reported Q1 revenues of $111.2 million, a decrease of approximately 6.0% primarily due to the short-term revenue impact of the previous year's refranchising transaction.
The company experienced improvements in food, beverage, and packaging costs, which made up 27.2% of shop sales, a 70 basis point improvement over the prior-year period.
Labor expenses improved to 30.0% of sales, a 120 basis point betterment from the previous year.
The net loss for the quarter was reported at $2.8 million, majorly due to the accounting treatment of debt refinancing. But the adjusted net income stood at $0.2 million.
The Potbelly's Board of Directors authorized a $20 million share repurchase program, indicating confidence in business sustainability and strong balance sheet.
Potbelly Corporation报告称,第一季度收入为1.112亿美元,下降了约6.0%,这主要是由于上一年的特许经营权交易对短期收入的影响。
该公司的食品、饮料和包装成本有所改善,占商店销售额的27.2%,比去年同期提高了70个基点。
劳动力支出占销售额的30.0%,比上年提高了120个基点。
该季度的净亏损为280万美元,这主要是由于债务再融资的会计处理。但调整后的净收入为20万美元。
Potbelly董事会批准了一项2000万美元的股票回购计划,这表明了对业务可持续发展和强劲资产负债表的信心。
Business Progress:
业务进展:
The franchise sales team added 32 additional commitments to the pipeline during the quarter, and three new shops were opened.
Digital sales accounted for about 41% of total shop sales, a 200 basis point increase YoY because of progress in their Perks loyalty program, which saw a 36% YoY rise in active members.
The company set a goal of attaining 10% unit growth and mid- to high-single-digit adjusted EBITDA growth for FY 2024.
They plan to open more franchises with new, digitally-centric shop prototypes expected to launch in Arkansas soon.
The company mentioned progress in digitalisation, reduction of exposure to third-party delivery, and labour optimization, with plans to expand their digital kitchen and operations.
特许经营销售团队在本季度增加了32项承诺,并开设了三家新门店。
数字销售约占商店总销售额的41%,同比增长200个基点,这要归因于其Perks忠诚度计划的进展,活跃会员人数同比增长36%。
该公司设定了2024财年实现10%的单位增长和中高个位数的调整后息税折旧摊销前利润增长的目标。
他们计划开设更多特许经营权,预计不久将在阿肯色州推出以数字为中心的新商店原型。
该公司提到了在数字化、减少第三方交付风险和劳动力优化方面取得的进展,并计划扩大其数字厨房和运营。
More details: Potbelly IR
更多详情: Potbelly IR
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