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年第一季度業績電話會議記錄的摘要:
Financial Performance:
財務業績:
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報告稱,第一季度收入爲1.112億美元,下降了約6.0%,這主要是由於上一年的特許經營權交易對短期收入的影響。
該公司的食品、飲料和包裝成本有所改善,佔商店銷售額的27.2%,比去年同期提高了70個點子。
勞動力支出佔銷售額的30.0%,比上年提高了120個點子。
該季度的淨虧損爲280萬美元,這主要是由於債務再融資的會計處理。但調整後的淨收入爲20萬美元。
Potbelly董事會批准了一項2000萬美元的股票回購計劃,這表明了對業務可持續發展和強勁資產負債表的信心。
Business Progress:
業務進展:
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.
特許經營銷售團隊在本季度增加了32項承諾,並開設了三家新門店。
數字銷售約佔商店總銷售額的41%,同比增長200個點子,這要歸因於其Perks忠誠度計劃的進展,活躍會員人數同比增長36%。
該公司設定了2024財年實現10%的單位增長和中高個位數的調整後息稅折舊攤銷前利潤增長的目標。
他們計劃開設更多特許經營權,預計不久將在阿肯色州推出以數字爲中心的新商店原型。
該公司提到了在數字化、減少第三方交付風險和勞動力優化方面取得的進展,並計劃擴大其數字廚房和運營。
More details: Potbelly IR
更多詳情: Potbelly IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示:欲了解更多詳情,請訪問投資者關係網站。本文僅供投資者參考,不構成任何投資建議。
譯文內容由第三人軟體翻譯。