Potbelly (PBPB) provides positive Q1 business update

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William Blair raises estimates on Potbelly Corp (PBPB)

April 11, 2023 7:22 AM EDT

William Blair analyst Sharon Zackfia raised estimates on Potbelly Corp (NASDAQ: PBPB) while it reiterated a Market Perform rating following better-than-expected preliminary Q1 results.

The analyst commented, "Potbelly preannounced better-than-expected first-quarter results, with same-store sales up 22.0% to 22.3% (above our 18.5% estimate and guidance of 18.5% to... More