Potbelly Corporation(NASDAQ:PBPB)
Potbelly Corporation, through its subsidiaries, owns, operates, and franchises Potbelly sandwich shops in the United States. The company offers toasty warm sandwiches, salads, soups, chili, sides, desserts, breakfast sandwiches, and steel cut oatmeal. As of December 27, 2020, the company operated ap...
Website: http://www.potbelly.com
Founded: 1977
Full Time Employees: 6,000
CEO: Robert Wright
Sector: Consumer Cyclical
Industry: Restaurants
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At a glance:
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Quarterly
Annual
| Unit: USD | 2025-06-29 | 2025-03-30 | 2024-12-29 | 2024-09-29 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-24 | 2023-06-25 | 2023-03-26 | 2022-12-25 | 2022-09-25 | 2022-06-26 | 2022-03-27 | 2021-12-26 | 2021-09-26 | 2021-06-27 | 2021-03-28 | 2020-12-27 | 2020-09-27 | 2020-06-28 | 2020-03-29 | 2019-12-29 | 2019-09-29 | 2019-06-30 | 2019-03-31 | 2018-12-30 | 2018-09-30 | 2018-07-01 | 2018-04-01 | 2017-12-31 | 2017-09-24 | 2017-06-25 | 2017-03-26 | 2016-12-25 | 2016-09-25 | 2016-06-26 | 2016-03-27 | 2015-12-27 | 2015-09-27 | 2015-06-28 | 2015-03-29 | 2014-12-28 | 2014-09-28 | 2014-06-29 | 2014-03-30 | 2013-12-29 | 2013-09-29 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenues | ||||||||||||||||||||||||||||||||||||||||||||||||
sandwich shop sales | 118,396,000 | 109,002,000 | 110,769,000 | 115,536,000 | 107,577,000 | 118,340,000 | 124,709,000 | 116,947,000 | 116,449,000 | 114,992,000 | 97,431,000 | 102,009,000 | 100,996,000 | 96,777,000 | 77,501,000 | 74,324,000 | 72,189,000 | 55,863,000 | 86,961,000 | 101,069,000 | 103,560,000 | 104,801,000 | 97,258,000 | 101,560,000 | 106,238,000 | 109,381,000 | 102,247,000 | 111,364,000 | 105,327,000 | 107,382,000 | 100,859,000 | 101,758,000 | 103,224,000 | 104,466,000 | 95,426,000 | 94,427,000 | 95,564,000 | 95,566,000 | 85,397,000 | 84,333,000 | 84,340,000 | 83,268,000 | 73,523,000 | 74,360,000 | 77,747,000 | |||
franchise royalties, fees and rent income | 5,313,000 | 4,679,000 | 4,351,000 | 4,161,000 | 3,576,000 | 2,428,000 | 1,914,000 | 1,323,000 | ||||||||||||||||||||||||||||||||||||||||
total revenues | 123,709,000 | 113,681,000 | 115,120,000 | 119,697,000 | 111,153,000 | 120,768,000 | 126,623,000 | 118,270,000 | 117,649,000 | 115,952,000 | 98,221,000 | 102,804,000 | 101,694,000 | 97,491,000 | 78,063,000 | 74,866,000 | 72,663,000 | 56,162,000 | 87,590,000 | 101,752,000 | 104,238,000 | 105,630,000 | 98,087,000 | 102,378,000 | 106,996,000 | 110,347,000 | 102,917,000 | 112,149,000 | 106,127,000 | 108,136,000 | 101,699,000 | 102,358,000 | 103,782,000 | 105,036,000 | 95,955,000 | 95,093,000 | 96,039,000 | 95,949,000 | 85,768,000 | 84,803,000 | 84,675,000 | 83,620,000 | 73,881,000 | 74,761,000 | 78,021,000 | |||
yoy | 3.35% | 2.27% | -4.68% | -5.47% | -6.02% | 2.65% | 9.20% | 20.41% | 15.69% | 18.94% | 25.82% | 37.32% | 39.95% | 73.59% | -10.88% | -26.42% | -30.29% | -46.83% | -10.70% | -0.61% | -2.58% | -4.27% | -4.69% | -8.71% | 0.82% | 2.04% | 1.20% | 9.57% | 2.26% | 2.95% | 5.99% | 7.64% | 8.06% | 9.47% | 11.88% | 12.13% | 13.42% | 14.74% | 16.09% | 13.43% | 8.53% | |||||||
qoq | 8.82% | -3.82% | 7.69% | -4.62% | 7.06% | 1.46% | 18.05% | -4.46% | 1.09% | 4.31% | 24.89% | 4.27% | 3.03% | 29.38% | -35.88% | -13.92% | -2.38% | -1.32% | 7.69% | -4.19% | -4.32% | -3.04% | 7.22% | -8.23% | 5.67% | -1.86% | 6.33% | -0.64% | -1.37% | -1.19% | 9.46% | 0.91% | -0.99% | 0.09% | 11.87% | 1.14% | 0.15% | 1.26% | 13.18% | -1.18% | -4.18% | |||||||
expenses | ||||||||||||||||||||||||||||||||||||||||||||||||
sandwich shop operating expenses, excluding depreciation | ||||||||||||||||||||||||||||||||||||||||||||||||
food, beverage and packaging costs | 31,110,000 | 28,451,000 | 29,469,000 | 31,306,000 | 29,270,000 | 32,901,000 | 34,903,000 | 32,620,000 | 34,814,000 | 32,830,000 | 27,308,000 | |||||||||||||||||||||||||||||||||||||
labor and related expenses | 33,210,000 | 33,097,000 | 32,274,000 | 32,313,000 | 32,253,000 | 34,188,000 | 37,866,000 | 36,502,000 | 36,031,000 | 36,121,000 | 33,253,000 | 33,437,000 | 33,087,000 | 31,961,000 | 28,614,000 | 27,151,000 | 25,809,000 | 21,884,000 | 30,397,000 | 31,886,000 | 32,430,000 | 32,114,000 | 31,973,000 | 31,595,000 | 32,376,000 | 32,412,000 | 31,579,000 | 33,124,000 | 31,187,000 | 31,564,000 | 30,462,000 | 29,578,000 | 30,163,000 | 29,935,000 | 28,162,000 | 27,213,000 | 27,663,000 | 27,152,000 | 24,600,000 | 24,528,000 | 23,772,000 | 23,405,000 | 21,460,000 | 21,362,000 | 21,223,000 | |||
occupancy expenses | 12,522,000 | 12,027,000 | 11,803,000 | 12,543,000 | 11,714,000 | 12,653,000 | 13,083,000 | 13,310,000 | 13,559,000 | 13,805,000 | 13,845,000 | 13,223,000 | 13,437,000 | 13,562,000 | 13,599,000 | 13,301,000 | 13,904,000 | 14,649,000 | 15,028,000 | 14,520,000 | 14,850,000 | 15,230,000 | 14,377,000 | 15,002,000 | 15,076,000 | 14,985,000 | 14,726,000 | 15,770,000 | 14,354,000 | 14,269,000 | 14,169,000 | 13,402,000 | 13,111,000 | 13,174,000 | 12,757,000 | 12,021,000 | 11,855,000 | 11,539,000 | 11,347,000 | 10,760,000 | 10,467,000 | 10,183,000 | 9,979,000 | 9,568,000 | 9,295,000 | |||
other operating expenses | 21,808,000 | 20,491,000 | 20,255,000 | 21,264,000 | 19,829,000 | 21,277,000 | 20,925,000 | 20,484,000 | 19,743,000 | 19,128,000 | 18,105,000 | 14,922,000 | 16,312,000 | 14,696,000 | 13,335,000 | 13,173,000 | 12,126,000 | 10,990,000 | 12,765,000 | 12,943,000 | 13,274,000 | 11,816,000 | 12,145,000 | 11,713,000 | 13,357,000 | 12,793,000 | 12,500,000 | 12,860,000 | 12,464,000 | 12,252,000 | 11,633,000 | 11,168,000 | 11,338,000 | 10,687,000 | 10,545,000 | 9,741,000 | 10,501,000 | 9,970,000 | 9,657,000 | 8,973,000 | 8,847,000 | 8,691,000 | 8,158,000 | 7,723,000 | 7,946,000 | |||
franchise support, rent and marketing expenses | 3,375,000 | 3,098,000 | 2,795,000 | 3,001,000 | 2,537,000 | 1,553,000 | 1,215,000 | 591,000 | ||||||||||||||||||||||||||||||||||||||||
general and administrative expenses | 13,362,000 | 12,372,000 | 10,597,000 | 11,866,000 | 11,547,000 | 11,894,000 | 11,695,000 | 9,969,000 | 9,554,000 | 8,827,000 | 8,518,000 | 9,012,000 | 7,612,000 | 9,240,000 | 7,423,000 | 6,915,000 | 9,821,000 | 8,164,000 | 10,734,000 | 10,141,000 | 11,256,000 | 13,843,000 | 12,709,000 | 11,147,000 | 10,087,000 | 13,440,000 | 12,188,000 | 11,243,000 | 12,104,000 | 10,919,000 | 10,352,000 | 9,584,000 | 9,999,000 | 10,305,000 | 10,523,000 | 9,616,000 | 9,232,000 | 9,643,000 | 8,831,000 | 8,110,000 | 7,623,000 | 8,865,000 | 7,822,000 | 15,358,000 | 8,293,000 | |||
depreciation expense | 3,928,000 | 3,721,000 | 3,236,000 | 3,016,000 | 3,011,000 | 3,044,000 | 2,887,000 | 2,971,000 | 2,922,000 | 3,030,000 | 3,136,000 | 3,572,000 | 3,610,000 | 4,553,000 | 4,174,000 | 4,720,000 | 4,699,000 | 4,955,000 | 5,456,000 | 5,617,000 | 5,365,000 | 5,585,000 | 5,536,000 | 5,611,000 | 5,847,000 | 5,858,000 | 5,826,000 | 6,720,000 | 6,315,000 | 6,446,000 | 6,199,000 | 5,738,000 | 5,656,000 | 5,676,000 | 5,664,000 | 5,527,000 | 5,510,000 | 5,288,000 | 5,151,000 | 5,075,000 | 5,039,000 | 4,784,000 | 4,717,000 | 4,591,000 | 4,460,000 | |||
pre-opening costs | 152,000 | 112,000 | 55,000 | 96,000 | 59,000 | 33,000 | 22,000 | 165,000 | 64,000 | 9,000 | 16,000 | 10,000 | 227,000 | 109,000 | 68,000 | 68,000 | 486,000 | 336,000 | 546,000 | 73,000 | 1,055,000 | 340,000 | 239,000 | 152,000 | 573,000 | 510,000 | 536,000 | 541,000 | 795,000 | 314,000 | 273,000 | 252,000 | 354,000 | 364,000 | ||||||||||||||
loss on franchise growth acceleration initiative activities | 60,000 | 35,000 | 28,000 | 133,000 | 110,000 | 14,000 | 949,000 | |||||||||||||||||||||||||||||||||||||||||
impairment, loss on disposal of property and equipment and shop closures | 480,000 | 27,000 | 384,000 | 145,000 | 741,000 | 458,000 | 658,000 | 1,045,000 | 1,616,000 | 1,044,000 | 1,319,000 | 628,000 | 1,118,000 | 257,000 | 3,122,000 | 2,744,000 | 1,721,000 | |||||||||||||||||||||||||||||||
total operating expenses | 120,007,000 | 113,431,000 | 110,868,000 | 115,578,000 | 111,035,000 | |||||||||||||||||||||||||||||||||||||||||||
income from operations | 3,702,000 | 250,000 | 4,252,000 | 4,119,000 | 118,000 | 2,631,000 | 3,344,000 | -193,000 | -705,000 | 1,041,000 | -7,383,000 | -2,249,000 | -2,603,000 | -3,503,000 | -14,133,000 | -16,122,000 | -16,138,000 | -21,887,000 | -16,985,000 | -862,000 | -2,143,000 | -1,468,000 | -4,723,000 | -5,370,000 | -2,697,000 | 95,000 | -2,630,000 | -2,776,000 | -574,000 | 164,000 | 1,263,000 | 2,770,000 | 2,842,000 | 5,512,000 | 1,889,000 | 2,018,000 | 2,379,000 | 4,084,000 | 948,000 | 1,004,000 | 3,254,000 | 3,454,000 | -441,000 | -6,614,000 | 3,176,000 | |||
yoy | -10.12% | 111.86% | 61.61% | 23.18% | -161.14% | -473.19% | 221.23% | -97.39% | -72.92% | -129.72% | -47.76% | -86.05% | -83.87% | -84.00% | -16.79% | 1770.30% | 653.06% | 1390.94% | 259.62% | -83.95% | -20.54% | -1645.26% | 79.58% | 93.44% | 369.86% | -42.07% | -308.23% | -200.22% | -120.20% | -97.02% | -33.14% | 37.26% | 19.46% | 34.97% | 99.26% | 101.00% | -26.89% | 18.24% | -314.97% | -115.18% | 2.46% | |||||||
qoq | 1380.80% | 3.23% | 3390.68% | -21.32% | -1832.64% | -167.72% | -114.10% | 228.28% | -13.60% | -25.69% | -75.21% | -12.34% | -0.10% | -26.27% | 28.86% | 1870.42% | -59.78% | 45.98% | -68.92% | -12.05% | 99.11% | -2938.95% | -103.61% | -5.26% | 383.62% | -450.00% | -87.02% | -54.40% | -2.53% | -48.44% | 191.79% | -6.39% | -15.17% | -41.75% | 330.80% | -5.58% | -69.15% | -5.79% | -883.22% | -93.33% | -308.25% | |||||||
operating margin % | 2.99% | 0.22% | NaN% | 3.69% | 3.44% | 0.11% | NaN% | 2.18% | 2.64% | -0.16% | NaN% | -0.60% | 0.90% | -7.52% | -2.19% | -2.56% | -3.59% | -18.10% | -21.53% | -22.21% | -38.97% | -19.39% | -0.85% | -2.06% | -1.39% | -4.82% | -5.25% | -2.52% | 0.09% | -2.56% | -2.48% | -0.54% | 0.15% | 1.24% | 2.71% | 2.74% | 5.25% | 1.97% | 2.12% | 2.48% | 4.26% | 1.11% | 1.18% | 3.84% | 4.13% | -0.60% | -8.85% | 4.07% |
interest expense | 123,000 | 167,000 | 162,000 | 181,000 | 364,000 | 853,000 | 1,011,000 | 667,000 | 354,000 | 357,000 | 327,000 | 250,000 | 241,000 | 185,000 | 288,000 | 346,000 | 268,000 | 388,000 | 74,000 | 104,000 | 28,000 | 35,000 | 32,000 | 33,000 | 54,000 | 28,000 | 27,000 | 23,000 | 32,000 | 41,000 | 28,000 | 32,000 | 33,000 | 41,000 | 28,000 | 41,000 | 56,000 | 63,000 | 61,000 | 55,000 | 42,000 | 40,000 | 42,000 | 57,000 | 97,000 | |||
loss on extinguishment of debt | 2,376,000 | 239,000 | ||||||||||||||||||||||||||||||||||||||||||||||
income before income taxes | 3,579,000 | 83,000 | 4,090,000 | 3,938,000 | -2,622,000 | 1,778,000 | 2,333,000 | -1,099,000 | 9,132,000 | 684,000 | -7,710,000 | -2,499,000 | -2,844,000 | -3,688,000 | -14,421,000 | -16,468,000 | -16,406,000 | -22,275,000 | -17,059,000 | -966,000 | -2,171,000 | -1,503,000 | -4,755,000 | -5,403,000 | -2,751,000 | 67,000 | -2,657,000 | -2,799,000 | -606,000 | 123,000 | 1,235,000 | 2,738,000 | 2,809,000 | 5,471,000 | 1,861,000 | 1,977,000 | 2,323,000 | 4,021,000 | 887,000 | 949,000 | 3,212,000 | 3,414,000 | -483,000 | -6,671,000 | 3,079,000 | |||
income tax expense | 665,000 | -2,000 | 11,000 | -30,982,000 | 51,000 | 129,000 | -48,000 | 105,000 | -4,000 | -24,000 | 177,000 | -58,000 | 16,000 | 160,000 | 53,000 | 49,000 | -2,917,000 | 41,000 | -3,709,000 | 259,000 | 66,000 | 246,000 | 13,619,000 | -1,084,000 | -909,000 | 302,000 | -504,000 | 4,391,000 | -487,000 | 186,000 | 553,000 | 711,000 | 960,000 | 2,039,000 | 733,000 | 686,000 | 866,000 | 1,563,000 | 351,000 | 272,000 | 1,260,000 | 1,407,000 | -191,000 | -2,996,000 | 905,000 | |||
net income | 2,914,000 | 85,000 | 4,079,000 | 34,920,000 | -2,673,000 | 1,649,000 | 2,381,000 | -1,204,000 | 9,136,000 | 708,000 | -7,887,000 | -2,441,000 | -2,860,000 | -3,848,000 | -14,474,000 | -16,517,000 | -13,489,000 | -22,316,000 | -13,350,000 | -1,225,000 | -2,237,000 | -1,749,000 | -18,374,000 | -4,319,000 | -1,842,000 | -235,000 | -2,153,000 | -7,190,000 | -119,000 | -63,000 | 682,000 | 2,027,000 | 1,849,000 | 3,432,000 | 1,128,000 | 1,291,000 | 1,457,000 | 2,458,000 | 536,000 | 677,000 | 1,952,000 | 2,007,000 | -292,000 | -3,675,000 | 2,174,000 | |||
yoy | -91.66% | -103.18% | 147.36% | 1366.61% | 122.01% | -81.95% | 236.30% | -84.73% | -419.44% | -118.40% | -45.51% | -85.22% | -78.80% | -82.76% | 8.42% | 1248.33% | 503.00% | 1175.93% | -27.34% | -71.64% | 21.44% | 644.26% | 753.41% | -39.93% | 1447.90% | 273.02% | -415.69% | -454.71% | -106.44% | -101.84% | -39.54% | 57.01% | 26.90% | 39.63% | 110.45% | 90.69% | -25.36% | 22.47% | -283.56% | -118.42% | -10.21% | |||||||
qoq | 3328.24% | -88.32% | -1406.40% | -30.74% | -297.76% | 1190.40% | -108.98% | 223.11% | -14.65% | -25.68% | -73.41% | -12.37% | 22.45% | -39.55% | 67.16% | 989.80% | -45.24% | 27.90% | -90.48% | 325.42% | 134.47% | 683.83% | -89.08% | -70.06% | 5942.02% | 88.89% | -109.24% | -66.35% | 9.63% | -46.12% | 204.26% | -12.63% | -11.39% | -40.72% | 358.58% | -20.83% | -65.32% | -2.74% | -787.33% | -92.05% | -269.04% | |||||||
net income margin % | 2.36% | 0.07% | NaN% | 3.54% | 29.17% | -2.40% | NaN% | 1.37% | 1.88% | -1.02% | NaN% | 7.77% | 0.61% | -8.03% | -2.37% | -2.81% | -3.95% | -18.54% | -22.06% | -18.56% | -39.74% | -15.24% | -1.20% | -2.15% | -1.66% | -18.73% | -4.22% | -1.72% | -0.21% | -2.09% | -6.41% | -0.11% | -0.06% | 0.67% | 1.98% | 1.78% | 3.27% | 1.18% | 1.36% | 1.52% | 2.56% | 0.62% | 0.80% | 2.31% | 2.40% | -0.40% | -4.92% | 2.79% |
net income attributable to non-controlling interest | 426,000 | 147,000 | 344,000 | 208,000 | 94,000 | 154,000 | 165,000 | 123,000 | 107,000 | 134,000 | 26,000 | 42,000 | 88,000 | 33,000 | -90,000 | -77,000 | -100,000 | -14,000 | 107,000 | 118,000 | 117,000 | 65,000 | 44,000 | 119,000 | 125,000 | 41,000 | 71,000 | 121,000 | 75,000 | -1,000 | 71,000 | 54,000 | 59,000 | 40,000 | 56,000 | 56,000 | -3,000 | 5,000 | -25,000 | 5,000 | -3,000 | 9,000 | 8,000 | 9,000 | ||||
net income attributable to potbelly corporation | 2,488,000 | 3,735,000 | 34,712,000 | 1,495,000 | 2,216,000 | 9,029,000 | 574,000 | -4,363,000 | -1,961,000 | -360,000 | -2,194,000 | -7,261,000 | -240,000 | -138,000 | 683,000 | 1,956,000 | 1,795,000 | 3,373,000 | 1,088,000 | 1,235,000 | 1,401,000 | 2,461,000 | 531,000 | 702,000 | 1,947,000 | 2,010,000 | -301,000 | -3,683,000 | 2,165,000 | |||||||||||||||||||
net income per common share attributable to common stockholders: | ||||||||||||||||||||||||||||||||||||||||||||||||
basic | 80 | 120 | 1,160 | -90 | 50 | 80 | 310 | 20 | -170 | -80 | -10 | -90 | -290 | -10 | -10 | 30 | 80 | 70 | 130 | 40 | 50 | 50 | 90 | 0.02 | 30 | 70 | 70 | |||||||||||||||||||||
diluted | 80 | 120 | 1,130 | -90 | 50 | 70 | 310 | 20 | -170 | -80 | -10 | -90 | -290 | -10 | -10 | 30 | 70 | 70 | 130 | 40 | 50 | 50 | 80 | 0.02 | 20 | 60 | 70 | |||||||||||||||||||||
weighted-average shares outstanding: | ||||||||||||||||||||||||||||||||||||||||||||||||
basic | 30,192,000 | 29,893,000 | 29,838,000 | 29,939,000 | 29,926,000 | 29,551,000 | 29,201,000 | 29,324,000 | 29,199,000 | 28,907,000 | 28,625,000 | 28,726,000 | 28,565,000 | 28,396,000 | 27,640,000 | 28,264,000 | 27,978,000 | 25,944,000 | 23,899,000 | 23,957,000 | 23,773,000 | 23,646,000 | 23,850,000 | 23,740,005,000 | 23,908,095,000 | 24,133,038,000 | 25,173,171,000 | 25,369,281,000 | 25,551,386,000 | 25,144,855,000 | 25,045,427,000 | 24,959,023,000 | 25,033,868,000 | 25,099,962,000 | 25,623,809,000 | 25,240,374,000 | 25,818,571,000 | 26,259,593,000 | 28,002,005,000 | 27,850,394,000 | 28,594,712,000 | 28,905,084 | 29,209,298,000 | 29,358,822,000 | 29,342,528,000 | 29,150,824,000 | 10,132,805,000 | 4,268,953,000 |
diluted | 30,811,000 | 29,893,000 | 30,720,000 | 30,380,000 | 30,714,000 | 29,551,000 | 30,088,000 | 30,028,000 | 30,088,000 | 28,907,000 | 29,065,000 | 28,867,000 | 29,117,000 | 28,396,000 | 27,640,000 | 28,264,000 | 27,978,000 | 25,944,000 | 23,899,000 | 23,957,000 | 23,773,000 | 23,646,000 | 23,850,000 | 23,740,005,000 | 23,908,095,000 | 24,133,038,000 | 25,173,171,000 | 25,369,281,000 | 25,551,386,000 | 25,144,855,000 | 25,045,427,000 | 24,959,023,000 | 25,033,868,000 | 26,082,478,000 | 26,231,367,000 | 25,829,970,000 | 26,459,087,000 | 26,733,055,000 | 28,634,396,000 | 28,369,775,000 | 29,364,689,000 | 29,675,032 | 30,275,061,000 | 30,044,456,000 | 30,509,553,000 | 29,150,824,000 | 10,132,805,000 | 4,268,953,000 |
net loss attributable to potbelly corporation | -62,000 | -2,767,000 | -1,327,000 | -7,913,000 | -2,483,000 | -2,948,000 | -3,881,000 | -14,472,000 | -16,427,000 | -13,412,000 | -22,216,000 | -13,336,000 | -1,332,000 | -2,355,000 | -1,866,000 | -18,439,000 | ||||||||||||||||||||||||||||||||
net loss per common share attributable to common stockholders: | ||||||||||||||||||||||||||||||||||||||||||||||||
basic | -50 | -280 | -80 | -100 | -140 | -560 | -680 | -560 | -930 | -560 | -60 | -100 | -80 | -760 | -3,530 | -12,290 | ||||||||||||||||||||||||||||||||
diluted | -50 | -280 | -80 | -100 | -140 | -560 | -680 | -560 | -930 | -560 | -60 | -100 | -80 | -760 | -3,530 | -12,290 | ||||||||||||||||||||||||||||||||
total expenses | 118,137,000 | 123,279,000 | 118,463,000 | 118,354,000 | 114,911,000 | 105,604,000 | 105,053,000 | 104,297,000 | 100,994,000 | 92,196,000 | 90,988,000 | 88,801,000 | 78,049,000 | 104,575,000 | 102,614,000 | 106,381,000 | 107,098,000 | 102,810,000 | 107,748,000 | 109,693,000 | 110,252,000 | 105,547,000 | 114,925,000 | 106,701,000 | 107,972,000 | 100,436,000 | 99,588,000 | 100,940,000 | 99,524,000 | 94,066,000 | 93,075,000 | 93,660,000 | 91,865,000 | 84,820,000 | 83,799,000 | 81,421,000 | 80,166,000 | 74,322,000 | 81,375,000 | 74,845,000 | ||||||||
franchise royalties and fees | 1,200,000 | 960,000 | 790,000 | 795,000 | 698,000 | 714,000 | 562,000 | 542,000 | 474,000 | 299,000 | 629,000 | 683,000 | 678,000 | 829,000 | 829,000 | 818,000 | 758,000 | 966,000 | 670,000 | 785,000 | 800,000 | 754,000 | 840,000 | 600,000 | 558,000 | 570,000 | 529,000 | 666,000 | 475,000 | 383,000 | 371,000 | 470,000 | 335,000 | 352,000 | 358,000 | 401,000 | 274,000 | |||||||||||
franchise marketing expenses | 115,000 | 126,000 | 120,000 | |||||||||||||||||||||||||||||||||||||||||||||
gain on extinguishment of debt | -10,191,000 | |||||||||||||||||||||||||||||||||||||||||||||||
net loss per common share attributable to commonstockholders: | ||||||||||||||||||||||||||||||||||||||||||||||||
basic | -50 | -280 | -80 | -100 | -140 | -560 | -680 | -560 | -930 | -560 | -60 | -100 | -80 | -760 | -3,530 | -12,290 | ||||||||||||||||||||||||||||||||
diluted | -50 | -280 | -80 | -100 | -140 | -560 | -680 | -560 | -930 | -560 | -60 | -100 | -80 | -760 | -3,530 | -12,290 | ||||||||||||||||||||||||||||||||
sandwich shop operating expenses | ||||||||||||||||||||||||||||||||||||||||||||||||
cost of goods sold, excluding depreciation | 19,008,750 | 28,225,000 | 26,341,000 | 21,469,000 | 21,151,000 | 20,721,000 | 16,108,000 | 24,174,000 | 26,544,000 | 27,540,000 | 28,264,000 | 25,978,000 | 27,353,000 | 28,455,000 | 28,639,000 | 26,636,000 | 29,723,000 | 28,405,000 | 28,635,000 | 26,663,000 | 27,802,000 | 28,478,000 | 28,500,000 | 26,246,000 | 26,760,000 | 27,256,000 | 27,253,000 | 24,345,000 | 24,622,000 | 24,044,000 | 23,936,000 | 21,086,000 | 21,613,000 | 23,014,000 | ||||||||||||||
advertising | 1,259,000 | 896,000 | 384,000 | 460,000 | ||||||||||||||||||||||||||||||||||||||||||||
net loss attributable to non-controlling interest | -2,000 | |||||||||||||||||||||||||||||||||||||||||||||||
impairment and loss on disposal of property and equipment | 1,299,000 | 5,957,000 | 954,000 | 1,650,000 | 246,000 | 82,000 | 5,100,000 | 4,386,000 | 2,057,000 | 2,024,000 | 4,999,000 | 1,536,000 | 3,341,000 | 885,000 | 1,261,000 | 1,855,000 | 1,008,000 | 17,000 | 1,624,000 | 1,133,000 | 484,000 | 348,000 | 936,000 | 1,315,000 | 29,000 | 848,000 | 806,000 | 250,000 | ||||||||||||||||||||
net income per share | ||||||||||||||||||||||||||||||||||||||||||||||||
basic | 80 | 120 | 1,160 | -90 | 50 | 80 | 310 | 20 | -170 | -80 | -10 | -90 | -290 | -10 | -10 | 30 | 80 | 70 | 130 | 40 | 50 | 50 | 90 | 0.02 | 30 | 70 | 70 | |||||||||||||||||||||
diluted | 80 | 120 | 1,130 | -90 | 50 | 70 | 310 | 20 | -170 | -80 | -10 | -90 | -290 | -10 | -10 | 30 | 70 | 70 | 130 | 40 | 50 | 50 | 80 | 0.02 | 20 | 60 | 70 | |||||||||||||||||||||
other expense | ||||||||||||||||||||||||||||||||||||||||||||||||
dividend declared to common and preferred stockholders | -12,463,500 | -49,854,000 | ||||||||||||||||||||||||||||||||||||||||||||||
accretion of redeemable convertible preferred stock to maximum redemption value | -4,796,000 | |||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to common stockholders | 702,000 | 1,947,000 | 2,010,000 | |||||||||||||||||||||||||||||||||||||||||||||
net (loss) attributable to common stockholders | -301,000 | |||||||||||||||||||||||||||||||||||||||||||||||
net (loss) per common share attributable to common stockholders: | ||||||||||||||||||||||||||||||||||||||||||||||||
basic | -10 | |||||||||||||||||||||||||||||||||||||||||||||||
diluted | -10 | |||||||||||||||||||||||||||||||||||||||||||||||
net loss attributable to common stockholders | -15,002,500 | -52,485,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2025-06-29 | 2025-03-30 | 2024-12-29 | 2024-09-29 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-24 | 2023-06-25 | 2023-03-26 | 2022-12-25 | 2022-09-25 | 2022-06-26 | 2022-03-27 | 2021-12-26 | 2021-09-26 | 2021-06-27 | 2021-03-28 | 2020-12-27 | 2020-09-27 | 2020-06-28 | 2020-03-29 | 2019-12-29 | 2019-09-29 | 2019-06-30 | 2019-03-31 | 2018-12-30 | 2018-09-30 | 2018-07-01 | 2018-04-01 | 2017-12-31 | 2017-09-24 | 2017-06-25 | 2017-03-26 | 2016-12-25 | 2016-09-25 | 2016-06-26 | 2016-03-27 | 2015-12-27 | 2015-09-27 | 2015-06-28 | 2015-03-29 | 2014-12-28 | 2014-09-28 | 2014-06-29 | 2014-03-30 | 2013-12-29 | 2013-09-29 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | ||||||||||||||||||||||||||||||||||||||||||||||||
current assets | ||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 16,187,000 | 14,756,000 | 11,663,000 | 11,200,000 | 8,322,000 | 12,723,000 | 33,788,000 | 30,938,000 | 34,261,000 | 25,596,000 | 15,619,000 | 9,506,000 | 14,657,000 | 9,493,000 | 14,353,000 | 9,836,000 | 11,838,000 | 11,507,000 | 11,126,000 | 23,407,000 | 29,092,000 | 45,816,000 | 18,806,000 | 15,758,000 | 18,066,000 | 13,831,000 | 19,775,000 | 26,711,000 | 34,310,000 | 28,936,000 | 25,530,000 | 22,178,000 | 21,182,000 | 27,376,000 | 23,379,000 | 29,734,000 | 29,921,000 | 33,486,000 | 32,006,000 | 42,768,000 | 54,105,000 | 61,726,000 | 63,005,000 | 69,403,000 | 70,524,000 | 69,547,000 | 69,579,000 | 25,119,000 |
accounts receivable | 10,127,000 | 10,503,000 | 9,765,000 | 10,045,000 | 8,973,000 | 8,380,000 | 7,960,000 | 7,897,000 | 8,275,000 | 7,259,000 | 6,420,000 | 8,317,000 | 7,410,000 | 7,148,000 | 6,032,000 | 5,732,000 | 6,556,000 | 4,636,000 | 4,354,000 | 4,575,000 | 3,357,000 | 2,651,000 | 4,257,000 | 5,084,000 | 4,545,000 | 5,548,000 | 4,737,000 | 5,353,000 | 5,659,000 | 4,879,000 | 5,087,000 | 5,858,000 | 5,576,000 | 4,861,000 | 3,787,000 | 4,522,000 | 4,554,000 | 4,157,000 | 4,461,000 | 5,406,000 | 5,034,000 | 5,211,000 | 4,016,000 | 4,563,000 | 3,949,000 | 3,862,000 | 2,991,000 | 4,011,000 |
inventories | 3,697,000 | 3,507,000 | 3,744,000 | 3,511,000 | 3,353,000 | 3,556,000 | 3,516,000 | 3,585,000 | 3,534,000 | 3,541,000 | 3,990,000 | 3,660,000 | 3,612,000 | 3,305,000 | 3,491,000 | 3,186,000 | 2,970,000 | 2,683,000 | 2,989,000 | 2,724,000 | 2,823,000 | 3,245,000 | 3,473,000 | 3,317,000 | 3,357,000 | 3,293,000 | 3,482,000 | 3,459,000 | 3,262,000 | 3,457,000 | 3,525,000 | 3,310,000 | 3,321,000 | 3,142,000 | 3,365,000 | 3,036,000 | 3,039,000 | 2,951,000 | 3,159,000 | 2,830,000 | 2,820,000 | 2,598,000 | 2,768,000 | 2,447,000 | 2,353,000 | 2,182,000 | 2,263,000 | 2,125,000 |
prepaid expenses and other current assets | 6,983,000 | 7,734,000 | 7,882,000 | 7,081,000 | 7,445,000 | 7,476,000 | 7,828,000 | 5,637,000 | 5,110,000 | 4,322,000 | 4,501,000 | 4,225,000 | 3,885,000 | 4,231,000 | 4,178,000 | 4,352,000 | 4,268,000 | 4,516,000 | 4,839,000 | 5,372,000 | 8,448,000 | 8,454,000 | 5,687,000 | 7,934,000 | 8,182,000 | 9,920,000 | 11,426,000 | 10,980,000 | 13,242,000 | 11,251,000 | 11,061,000 | 10,694,000 | 9,198,000 | 7,445,000 | 8,020,000 | 10,529,000 | 5,191,000 | 8,939,000 | 10,155,000 | 9,793,000 | 8,529,000 | 9,851,000 | 9,922,000 | 8,876,000 | 8,872,000 | 8,553,000 | 6,965,000 | 5,667,000 |
assets classified as held-for-sale | 147,000 | 171,000 | 1,237,000 | 1,248,000 | ||||||||||||||||||||||||||||||||||||||||||||
total current assets | 36,994,000 | 36,500,000 | 33,201,000 | 31,837,000 | 28,093,000 | 32,306,000 | 53,092,000 | 48,057,000 | 52,417,000 | 41,966,000 | 30,530,000 | 25,708,000 | 29,564,000 | 24,177,000 | 28,054,000 | 23,106,000 | 25,632,000 | 23,342,000 | 23,308,000 | 36,078,000 | 43,720,000 | 60,166,000 | 32,223,000 | 32,093,000 | 34,150,000 | 32,592,000 | 39,420,000 | 46,503,000 | 56,473,000 | 48,523,000 | 45,203,000 | 42,040,000 | 39,277,000 | 42,824,000 | 38,551,000 | 47,821,000 | 42,705,000 | 49,533,000 | 49,781,000 | 61,361,000 | 71,029,000 | 79,859,000 | 80,218,000 | 85,289,000 | 85,698,000 | 84,144,000 | 81,798,000 | 36,922,000 |
property and equipment | 54,391,000 | 51,446,000 | 50,533,000 | 48,490,000 | 46,730,000 | 45,608,000 | 45,087,000 | 45,148,000 | 43,485,000 | 42,543,000 | 44,477,000 | 44,665,000 | 45,545,000 | 47,080,000 | 49,805,000 | 52,578,000 | 53,794,000 | 55,670,000 | 61,193,000 | 64,852,000 | 68,492,000 | 73,006,000 | 79,032,000 | 79,626,000 | 81,628,000 | 84,172,000 | 87,782,000 | 94,237,000 | 99,551,000 | 100,732,000 | 103,859,000 | 105,379,000 | 105,270,000 | 106,460,000 | 107,074,000 | 97,614,000 | 95,812,000 | 96,478,000 | 97,434,000 | 96,001,000 | 92,615,000 | 89,804,000 | 85,704,000 | 83,401,000 | 81,901,000 | 79,007,000 | 78,983,000 | 77,415,000 |
right-of-use assets for operating leases | 127,204,000 | 131,684,000 | 133,207,000 | 135,007,000 | 137,199,000 | 138,068,000 | 144,390,000 | 148,336,000 | 151,328,000 | 156,809,000 | 160,891,000 | 162,086,000 | 161,563,000 | 161,836,000 | 166,084,000 | 171,343,000 | 175,892,000 | 181,165,000 | 189,141,000 | 196,070,000 | 205,131,000 | 208,239,000 | 211,988,000 | 212,261,000 | 216,540,000 | 222,177,000 | ||||||||||||||||||||||
indefinite-lived intangible assets | 3,404,000 | 3,404,000 | 3,404,000 | 3,404,000 | 3,404,000 | 3,404,000 | 3,404,000 | 3,404,000 | 3,404,000 | 3,404,000 | 3,404,000 | 3,404,000 | 3,404,000 | 3,404,000 | 3,404,000 | 3,404,000 | 3,404,000 | 3,404,000 | 3,404,000 | 3,404,000 | 3,404,000 | 3,404,000 | 3,404,000 | 3,404,000 | 3,404,000 | 3,404,000 | 3,404,000 | 3,404,000 | 3,404,000 | 3,404,000 | 3,404,000 | 3,404,000 | 3,404,000 | 3,404,000 | 3,404,000 | 3,404,000 | 3,404,000 | 3,404,000 | 3,404,000 | 3,404,000 | 3,404,000 | 3,404,000 | 3,404,000 | |||||
goodwill | 2,049,000 | 2,049,000 | 2,049,000 | 2,053,000 | 2,053,000 | 2,053,000 | 2,056,000 | 2,122,000 | 2,122,000 | 2,122,000 | 2,222,000 | 2,222,000 | 2,222,000 | 2,222,000 | 2,222,000 | 2,222,000 | 2,222,000 | 2,222,000 | 2,222,000 | 2,222,000 | 2,222,000 | 2,222,000 | 2,222,000 | 2,222,000 | 2,222,000 | 2,222,000 | 2,222,000 | 2,222,000 | 2,222,000 | 2,222,000 | 2,222,000 | 2,222,000 | 2,222,000 | 2,222,000 | 2,222,000 | 2,222,000 | 2,222,000 | 1,428,000 | 1,428,000 | 1,428,000 | 1,428,000 | 1,428,000 | 1,428,000 | 1,428,000 | 1,428,000 | 1,428,000 | 1,428,000 | 1,428,000 |
restricted cash | 815,000 | 815,000 | 815,000 | 749,000 | 749,000 | 749,000 | 749,000 | 749,000 | 749,000 | 749,000 | ||||||||||||||||||||||||||||||||||||||
deferred tax assets | 33,816,000 | 33,816,000 | 33,816,000 | 31,201,000 | 30,976,000 | |||||||||||||||||||||||||||||||||||||||||||
deferred expenses, net and other assets | 6,568,000 | 6,043,000 | 6,121,000 | 5,908,000 | 5,406,000 | 5,268,000 | 3,681,000 | 3,465,000 | 3,368,000 | 3,296,000 | 3,647,000 | 3,470,000 | 3,470,000 | 3,629,000 | 3,668,000 | 4,107,000 | 4,190,000 | 4,215,000 | 4,089,000 | 4,178,000 | 4,303,000 | 4,032,000 | 4,010,000 | 3,957,000 | 6,898,000 | 6,963,000 | 7,002,000 | 7,064,000 | 4,821,000 | 4,810,000 | 4,840,000 | 4,804,000 | 4,856,000 | 4,831,000 | 4,784,000 | 3,944,000 | 3,989,000 | 4,000,000 | 4,021,000 | 3,882,000 | 3,673,000 | 3,479,000 | 3,333,000 | 3,147,000 | 3,139,000 | 3,141,000 | 3,170,000 | 4,821,000 |
total assets | 265,241,000 | 265,757,000 | 263,146,000 | 258,649,000 | 254,610,000 | 227,456,000 | 252,460,000 | 251,281,000 | 256,873,000 | 250,889,000 | 245,171,000 | 241,555,000 | 245,768,000 | 242,348,000 | 253,237,000 | 256,760,000 | 265,134,000 | 270,018,000 | 283,357,000 | 306,804,000 | 327,272,000 | 351,069,000 | 332,879,000 | 333,563,000 | 344,842,000 | 351,530,000 | 153,215,000 | 166,042,000 | 176,274,000 | 170,593,000 | 170,730,000 | 176,230,000 | 173,465,000 | 178,966,000 | 175,445,000 | 172,466,000 | 166,294,000 | 173,218,000 | 174,507,000 | 183,936,000 | 190,009,000 | 195,834,000 | 191,947,000 | 193,850,000 | 192,746,000 | 188,785,000 | 186,080,000 | 138,417,000 |
liabilities and equity | ||||||||||||||||||||||||||||||||||||||||||||||||
current liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable | 9,870,000 | 9,345,000 | 9,552,000 | 8,255,000 | 9,216,000 | 9,970,000 | 9,927,000 | 8,955,000 | 9,754,000 | 10,412,000 | 10,718,000 | 10,229,000 | 8,865,000 | 9,233,000 | 8,140,000 | 5,452,000 | 6,937,000 | 6,499,000 | 6,206,000 | 5,429,000 | 6,691,000 | 3,375,000 | 3,886,000 | 4,607,000 | 4,222,000 | 3,203,000 | 3,835,000 | 3,380,000 | 4,500,000 | 3,368,000 | 3,903,000 | 4,569,000 | 4,159,000 | 4,308,000 | 3,111,000 | 4,137,000 | 3,913,000 | 3,230,000 | 5,762,000 | 3,442,000 | 2,228,000 | 3,096,000 | 3,301,000 | 3,317,000 | 3,451,000 | 3,424,000 | 2,078,000 | 3,154,000 |
accrued expenses | 37,361,000 | 36,586,000 | 32,872,000 | 33,664,000 | 30,149,000 | 32,982,000 | 35,377,000 | 32,113,000 | 35,636,000 | 26,865,000 | 30,826,000 | 28,307,000 | 31,918,000 | 26,422,000 | 30,859,000 | 29,523,000 | 33,345,000 | 25,574,000 | 23,742,000 | 20,008,000 | 18,041,000 | 15,656,000 | 20,398,000 | 19,421,000 | 21,303,000 | 20,062,000 | 25,029,000 | 23,597,000 | 26,020,000 | 22,538,000 | 23,273,000 | 24,194,000 | 19,721,000 | 24,202,000 | 23,082,000 | 23,029,000 | 18,090,000 | 22,423,000 | 19,277,000 | 21,920,000 | 19,694,000 | 21,939,000 | 16,349,000 | 17,802,000 | 14,977,000 | 17,382,000 | 16,337,000 | 17,758,000 |
short-term operating lease liabilities | 26,161,000 | 22,460,000 | 22,809,000 | 23,494,000 | 23,539,000 | 24,464,000 | 24,525,000 | 27,536,000 | 27,535,000 | 27,279,000 | 27,395,000 | 28,066,000 | 27,704,000 | 27,770,000 | 28,548,000 | 30,924,000 | 31,508,000 | 32,098,000 | 35,325,000 | 35,434,000 | 38,653,000 | 29,701,000 | 29,319,000 | 28,998,000 | 29,126,000 | 28,768,000 | ||||||||||||||||||||||
total current liabilities | 73,392,000 | 68,391,000 | 65,233,000 | 65,413,000 | 62,904,000 | 67,416,000 | 71,078,000 | 69,854,000 | 74,175,000 | 65,806,000 | 68,939,000 | 66,602,000 | 71,820,000 | 66,258,000 | 69,880,000 | 67,732,000 | 73,123,000 | 65,004,000 | 65,606,000 | 60,871,000 | 63,556,000 | 88,689,000 | 53,774,000 | 53,203,000 | 54,813,000 | 52,195,000 | 29,026,000 | 26,977,000 | 30,520,000 | 26,082,000 | 27,352,000 | 28,763,000 | 23,948,000 | 30,415,000 | 27,815,000 | 28,069,000 | 23,284,000 | 25,688,000 | 25,182,000 | 25,487,000 | 22,022,000 | 26,364,000 | 20,884,000 | 22,705,000 | 18,992,000 | 20,909,000 | 18,705,000 | 85,353,000 |
long-term debt | 4,500,000 | 4,000,000 | 3,000,000 | 4,000,000 | 5,000,000 | 19,168,000 | 20,918,000 | 21,108,000 | 21,297,000 | 8,550,000 | 10,100,000 | 18,717,000 | 21,467,000 | 17,517,000 | 13,967,000 | 9,453,000 | 11,953,000 | 15,953,000 | 22,386,000 | 955,000 | 976,000 | 997,000 | 1,018,000 | 1,036,000 | ||||||||||||||||||||||||
long-term operating lease liabilities | 121,508,000 | 126,180,000 | 127,929,000 | 130,441,000 | 133,222,000 | 134,768,000 | 142,050,000 | 146,414,000 | 150,166,000 | 156,428,000 | 160,968,000 | 162,101,000 | 162,197,000 | 162,698,000 | 166,291,000 | 170,594,000 | 175,220,000 | 181,705,000 | 189,146,000 | 195,681,000 | 201,754,000 | 202,902,000 | 206,726,000 | 207,196,000 | 210,898,000 | 217,008,000 | ||||||||||||||||||||||
other long-term liabilities | 9,244,000 | 8,333,000 | 8,036,000 | 7,269,000 | 6,782,000 | 6,616,000 | 6,070,000 | 4,436,000 | 4,223,000 | 3,002,000 | 2,441,000 | 1,843,000 | 1,915,000 | 1,952,000 | 1,966,000 | 4,717,000 | 4,808,000 | 5,066,000 | 7,157,000 | 5,775,000 | 4,223,000 | 3,274,000 | 3,210,000 | 2,988,000 | 6,255,000 | 6,239,000 | 5,751,000 | 5,983,000 | 3,609,000 | 4,214,000 | 3,153,000 | 2,511,000 | 2,574,000 | 2,542,000 | 2,318,000 | 1,585,000 | 1,490,000 | 1,280,000 | 1,292,000 | 676,000 | 699,000 | 704,000 | 726,000 | 717,000 | 736,000 | 770,000 | 796,000 | 823,000 |
total liabilities | 204,144,000 | 207,404,000 | 205,198,000 | 206,123,000 | 206,908,000 | 213,800,000 | 238,367,000 | 241,622,000 | 249,672,000 | 246,533,000 | 240,898,000 | 240,646,000 | 254,649,000 | 252,375,000 | 255,654,000 | 257,010,000 | 262,604,000 | 263,728,000 | 277,862,000 | 284,713,000 | 292,619,000 | 294,865,000 | 263,710,000 | 263,387,000 | 271,966,000 | 275,442,000 | 57,682,000 | 55,958,000 | 56,940,000 | 53,260,000 | 53,492,000 | 54,274,000 | 48,696,000 | 54,665,000 | 51,209,000 | 49,386,000 | 43,172,000 | 44,995,000 | 44,294,000 | 43,246,000 | 38,502,000 | 41,683,000 | 35,622,000 | 37,751,000 | 33,715,000 | 35,308,000 | 32,807,000 | 99,319,000 |
commitments and contingencies | ||||||||||||||||||||||||||||||||||||||||||||||||
equity | ||||||||||||||||||||||||||||||||||||||||||||||||
common stock | 406,000 | 400,000 | 398,000 | 398,000 | 397,000 | 394,000 | 389,000 | 389,000 | 389,000 | 386,000 | 384,000 | 384,000 | 383,000 | 381,000 | 380,000 | 380,000 | 378,000 | 372,000 | 339,000 | 338,000 | 334,000 | 331,000 | 331,000 | 331,000 | 331,000 | 330,000 | 330,000 | 329,000 | 327,000 | 321,000 | 318,000 | 313,000 | 313,000 | 310,000 | 309,000 | 308,000 | 306,000 | 304,000 | 303,000 | 303,000 | 301,000 | 299,000 | 298,000 | 295,000 | 295,000 | 291,000 | 291,000 | 44,000 |
warrants | 1,437,000 | 1,614,000 | 1,745,000 | 1,745,000 | 1,745,000 | 1,745,000 | 2,219,000 | 2,219,000 | 2,219,000 | 2,253,000 | 2,566,000 | 2,566,000 | 2,566,000 | 2,566,000 | 2,566,000 | 2,566,000 | 2,566,000 | 2,566,000 | 909,000 | 909,000 | 909,000 | 909,000 | 909,000 | 909,000 | 909,000 | 909,000 | 909,000 | 909,000 | 909,000 | 909,000 | 909,000 | 909,000 | 942,000 | |||||||||||||||
additional paid-in-capital | 474,606,000 | 472,120,000 | 470,085,000 | 468,685,000 | 467,550,000 | 466,132,000 | 462,583,000 | 460,543,000 | 459,351,000 | 457,918,000 | 455,831,000 | 455,012,000 | 454,062,000 | 453,245,000 | 452,570,000 | 452,113,000 | 451,475,000 | 450,708,000 | 438,174,000 | 438,140,000 | 436,536,000 | 435,768,000 | 435,278,000 | 434,853,000 | 434,407,000 | 433,400,000 | 432,771,000 | 432,329,000 | 430,643,000 | 424,771,000 | 421,657,000 | 414,943,000 | 413,539,000 | 408,992,000 | 407,622,000 | 406,533,000 | 404,585,000 | 400,698,000 | 399,458,000 | 398,416,000 | 396,385,000 | 393,579,000 | 391,972,000 | 388,063,000 | 387,142,000 | 383,573,000 | 383,077,000 | |
treasury stock | -124,017,000 | -121,702,000 | -120,338,000 | -119,839,000 | -119,538,000 | -117,366,000 | -116,701,000 | -116,638,000 | -116,497,000 | -115,725,000 | -115,388,000 | -115,331,000 | -115,181,000 | -114,856,000 | -114,577,000 | -114,511,000 | -113,951,000 | -113,266,000 | -113,266,000 | -113,266,000 | -112,757,000 | -112,751,000 | -112,680,000 | -112,624,000 | -111,874,000 | -109,541,000 | -108,372,000 | -97,792,000 | -88,827,000 | -85,441,000 | -85,262,000 | -81,174,000 | -77,317,000 | -74,309,000 | -72,321,000 | -70,447,000 | -66,622,000 | -54,359,000 | -50,000,000 | -37,276,000 | -22,792,000 | -14,652,000 | -10,246,000 | -5,797,000 | ||||
accumulated deficit | -291,077,000 | -293,565,000 | -293,503,000 | -298,117,000 | -301,852,000 | -336,564,000 | -333,797,000 | -336,532,000 | -338,027,000 | -340,243,000 | -338,916,000 | -341,571,000 | -350,600,000 | -351,174,000 | -343,261,000 | -340,778,000 | -337,830,000 | -333,949,000 | -319,477,000 | -303,050,000 | -289,638,000 | -267,422,000 | -254,081,000 | -252,749,000 | -250,394,000 | -248,528,000 | -229,558,000 | -225,195,000 | -223,234,000 | -222,874,000 | -219,990,000 | -212,729,000 | -212,489,000 | -212,351,000 | -213,034,000 | -214,990,000 | -216,785,000 | -220,158,000 | -221,246,000 | -222,481,000 | -223,882,000 | -226,343,000 | -226,874,000 | -227,576,000 | -229,523,000 | -231,533,000 | -227,548,000 | |
total stockholders’ equity | 61,355,000 | 58,867,000 | 58,387,000 | 52,872,000 | 48,302,000 | 14,341,000 | 14,693,000 | 9,981,000 | 7,435,000 | 4,589,000 | 4,477,000 | 1,060,000 | -8,770,000 | -9,838,000 | -2,322,000 | -230,000 | 2,638,000 | 6,431,000 | 5,770,000 | 22,162,000 | 34,475,000 | 55,926,000 | 68,848,000 | 69,811,000 | 72,470,000 | 75,661,000 | 95,171,000 | 109,671,000 | 118,909,000 | 116,777,000 | 116,723,000 | 121,353,000 | 124,046,000 | 123,551,000 | 123,485,000 | 122,313,000 | 122,393,000 | 127,394,000 | 129,424,000 | 139,871,000 | 150,921,000 | 153,792,000 | 156,059,000 | 155,894,000 | 158,823,000 | 153,240,000 | 153,045,000 | |
non-controlling interest | -258,000 | -514,000 | -439,000 | -346,000 | -600,000 | -685,000 | -600,000 | -322,000 | -234,000 | -233,000 | -204,000 | -151,000 | -111,000 | -189,000 | -95,000 | -20,000 | -108,000 | -141,000 | -275,000 | -71,000 | 178,000 | 278,000 | 321,000 | 365,000 | 406,000 | 427,000 | 362,000 | 413,000 | 425,000 | 556,000 | 515,000 | 603,000 | 723,000 | 750,000 | 751,000 | 767,000 | 729,000 | 829,000 | 789,000 | 819,000 | 586,000 | 359,000 | 266,000 | 205,000 | 208,000 | 237,000 | 228,000 | 220,000 |
total equity | 61,097,000 | 58,353,000 | 57,948,000 | 52,526,000 | 47,702,000 | 13,656,000 | 14,093,000 | 9,659,000 | 7,201,000 | 4,356,000 | 4,273,000 | 909,000 | -8,881,000 | -10,027,000 | -2,417,000 | -250,000 | 2,530,000 | 6,290,000 | 5,495,000 | 22,091,000 | 34,653,000 | 56,204,000 | 69,169,000 | 70,176,000 | 72,876,000 | 124,236,000 | 123,080,000 | 123,122,000 | 128,223,000 | 130,213,000 | 140,690,000 | 151,507,000 | 154,151,000 | 156,325,000 | 156,099,000 | 159,031,000 | 153,477,000 | 153,273,000 | ||||||||||
total liabilities and equity | 265,241,000 | 265,757,000 | 263,146,000 | 258,649,000 | 254,610,000 | 227,456,000 | 252,460,000 | 251,281,000 | 256,873,000 | 250,889,000 | 245,171,000 | 241,555,000 | 245,768,000 | 242,348,000 | 253,237,000 | 256,760,000 | 265,134,000 | 270,018,000 | 283,357,000 | 306,804,000 | 327,272,000 | 351,069,000 | 332,879,000 | 333,563,000 | 344,842,000 | 351,530,000 | 153,215,000 | 166,042,000 | 176,274,000 | 170,593,000 | 170,730,000 | 176,230,000 | 173,465,000 | 178,966,000 | 175,445,000 | 172,466,000 | 166,294,000 | 173,218,000 | 174,507,000 | 183,936,000 | 190,009,000 | 195,834,000 | 191,947,000 | 193,850,000 | 192,746,000 | 188,785,000 | 186,080,000 | 138,417,000 |
current portion of long-term debt | 1,250,000 | 1,250,000 | 1,250,000 | 1,250,000 | 3,333,000 | 2,833,000 | 2,333,000 | 1,833,000 | 1,333,000 | 833,000 | 333,000 | 986,000 | 1,008,000 | 74,000 | 74,000 | 74,000 | 74,000 | 14,074,000 | ||||||||||||||||||||||||||||||
accrued income taxes | 171,000 | 171,000 | 171,000 | 177,000 | 162,000 | 162,000 | 162,000 | 176,000 | 176,000 | 68,000 | 1,905,000 | 1,622,000 | 903,000 | 1,281,000 | 35,000 | 143,000 | 125,000 | 100,000 | 343,000 | 226,000 | 1,512,000 | 490,000 | 29,000 | 216,000 | 513,000 | |||||||||||||||||||||||
debt from revolving credit facility | 23,086,000 | 39,786,000 | ||||||||||||||||||||||||||||||||||||||||||||||
deferred income taxes, non-current | 13,385,000 | 11,202,000 | 18,381,000 | 18,436,000 | 19,225,000 | 19,410,000 | 17,461,000 | 18,162,000 | 18,375,000 | 18,439,000 | 17,860,000 | 17,860,000 | 17,860,000 | 17,860,000 | ||||||||||||||||||||||||||||||||||
deferred rent and landlord allowances | 22,905,000 | 22,998,000 | 22,811,000 | 22,964,000 | 22,987,000 | 23,000,000 | 22,174,000 | 21,708,000 | 21,076,000 | 19,732,000 | 18,398,000 | 18,027,000 | 17,820,000 | 17,083,000 | 15,781,000 | 14,615,000 | 14,012,000 | 13,374,000 | 13,011,000 | 12,632,000 | 12,288,000 | 12,107,000 | ||||||||||||||||||||||||||
deferred income taxes | 17,181,000 | 17,176,000 | 17,661,000 | 17,297,000 | 14,427,000 | |||||||||||||||||||||||||||||||||||||||||||
stockholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||
total stockholders' equity | 76,088,000 | 95,533,000 | 110,084,000 | 119,334,000 | 117,333,000 | 117,238,000 | 121,956,000 | 124,769,000 | 124,301,000 | |||||||||||||||||||||||||||||||||||||||
deferred income taxes, noncurrent | 12,612,000 | 9,803,000 | 10,902,000 | |||||||||||||||||||||||||||||||||||||||||||||
deferred income taxes, current | 564,000 | 541,000 | 473,000 | 507,000 | ||||||||||||||||||||||||||||||||||||||||||||
intangible assets | 3,404,000 | 3,404,000 | 3,404,000 | 3,404,000 | 3,404,000 | |||||||||||||||||||||||||||||||||||||||||||
redeemable convertible preferred stock | 265,440,000 | |||||||||||||||||||||||||||||||||||||||||||||||
accumulated | -231,232,000 | |||||||||||||||||||||||||||||||||||||||||||||||
accrued dividend payable | 49,854,000 | |||||||||||||||||||||||||||||||||||||||||||||||
total stockholders’ deficit | -226,562,000 | |||||||||||||||||||||||||||||||||||||||||||||||
total deficit | -226,342,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2025-06-29 | 2025-03-30 | 2024-09-29 | 2024-06-30 | 2024-03-31 | 2023-09-24 | 2023-06-25 | 2023-03-26 | 2022-09-25 | 2022-06-26 | 2022-03-27 | 2021-12-26 | 2021-09-26 | 2021-06-27 | 2021-03-28 | 2020-12-27 | 2020-09-27 | 2020-06-28 | 2020-03-29 | 2019-12-29 | 2019-09-29 | 2019-06-30 | 2019-03-31 | 2018-12-30 | 2018-09-30 | 2018-07-01 | 2018-04-01 | 2017-12-31 | 2017-09-24 | 2017-06-25 | 2017-03-26 | 2016-12-25 | 2016-09-25 | 2016-06-26 | 2016-03-27 | 2015-12-27 | 2015-09-27 | 2015-06-28 | 2015-03-29 | 2014-12-28 | 2014-09-28 | 2014-06-29 | 2014-03-30 | 2013-12-29 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||
net income | 2,999,000 | 85,000 | 36,326,000 | 32,247,000 | 2,825,000 | 1,178,000 | 1,957,000 | -4,319,000 | -1,842,000 | -235,000 | -2,153,000 | -7,190,000 | -119,000 | -63,000 | 682,000 | 2,027,000 | 1,849,000 | 3,432,000 | 1,128,000 | 1,291,000 | 1,457,000 | 2,458,000 | 536,000 | 677,000 | 1,952,000 | 2,007,000 | -292,000 | -3,675,000 | ||||||||||||||||
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||
depreciation expense | 7,649,000 | 3,721,000 | 9,263,000 | 6,027,000 | 3,011,000 | 8,902,000 | 5,857,000 | 2,971,000 | 9,089,000 | 6,167,000 | 3,136,000 | 3,572,000 | 3,610,000 | 4,553,000 | 4,174,000 | 4,720,000 | 4,699,000 | 4,955,000 | 5,456,000 | 5,617,000 | 5,365,000 | |||||||||||||||||||||||
noncash lease expense | 11,735,000 | 5,798,000 | 18,632,000 | 12,568,000 | 6,191,000 | 18,890,000 | 12,386,000 | 6,127,000 | 19,511,000 | 13,020,000 | 6,487,000 | 6,657,000 | 6,537,000 | 6,375,000 | 6,287,000 | 6,428,000 | 5,818,000 | 7,038,000 | 7,295,000 | 6,607,000 | 7,420,000 | 5,997,000 | 7,829,000 | |||||||||||||||||||||
deferred income tax | -31,476,000 | -31,251,000 | 1,000 | -82,000 | -81,000 | 1,000 | 14,000 | 9,000 | 5,000 | 4,000 | 5,000 | 4,000 | 5,000 | -4,000 | 5,000 | 4,000 | 5,000 | 4,000 | 14,000 | 210,000 | 13,580,000 | -2,918,000 | 52,000 | 789,000 | 185,000 | -2,056,000 | 104,000 | 223,000 | 70,000 | -15,000 | -247,000 | 156,000 | 34,000 | -405,000 | -5,000 | 485,000 | -364,000 | -3,652,000 | ||||||
stock-based compensation expense | 3,375,000 | 1,548,000 | 4,327,000 | 3,192,000 | 1,771,000 | 3,408,000 | 2,216,000 | 911,000 | 2,446,000 | 1,495,000 | 675,000 | 649,000 | 640,000 | 655,000 | 193,000 | 35,000 | 1,608,000 | 382,000 | 490,000 | 425,000 | 446,000 | |||||||||||||||||||||||
asset impairment, loss on disposal of property and equipment and shop closures | 724,000 | 400,000 | 759,000 | 463,000 | 474,000 | 824,000 | 1,061,000 | 843,000 | 3,980,000 | 2,363,000 | 1,319,000 | |||||||||||||||||||||||||||||||||
loss on franchise growth acceleration initiative activities | 95,000 | 35,000 | 161,000 | 162,000 | 133,000 | 1,030,000 | 936,000 | 936,000 | ||||||||||||||||||||||||||||||||||||
loss on extinguishment of debt | 2,376,000 | 2,376,000 | 2,376,000 | 224,000 | 224,000 | 224,000 | ||||||||||||||||||||||||||||||||||||||
other operating activities | 104,000 | 52,000 | 182,000 | 130,000 | 77,000 | 331,000 | 209,000 | 85,000 | 205,000 | 139,000 | 67,000 | 73,000 | 74,000 | 73,000 | 85,000 | 141,000 | 94,000 | 468,000 | 20,000 | 15,000 | ||||||||||||||||||||||||
changes in operating assets and liabilities: | ||||||||||||||||||||||||||||||||||||||||||||
accounts receivable | -363,000 | -739,000 | -2,107,000 | -1,035,000 | -441,000 | -1,499,000 | -1,862,000 | -847,000 | -2,286,000 | -1,379,000 | -1,116,000 | -299,000 | 824,000 | -1,920,000 | -282,000 | 246,000 | -1,218,000 | -683,000 | 1,620,000 | 827,000 | -539,000 | 1,003,000 | -811,000 | 616,000 | 306,000 | -781,000 | -41,000 | 772,000 | 367,000 | -715,000 | -1,074,000 | 735,000 | 32,000 | -397,000 | 304,000 | 814,000 | -241,000 | 177,000 | -1,195,000 | 559,000 | -614,000 | -87,000 | -871,000 | 1,020,000 |
inventories | 52,000 | 242,000 | 12,000 | 169,000 | -33,000 | 227,000 | 281,000 | 274,000 | -169,000 | -121,000 | 186,000 | -305,000 | -216,000 | -287,000 | 306,000 | -265,000 | 99,000 | 422,000 | 228,000 | -156,000 | 40,000 | -64,000 | 189,000 | -22,000 | -198,000 | 195,000 | 68,000 | -214,000 | 11,000 | -180,000 | 223,000 | -329,000 | 3,000 | -70,000 | 208,000 | -332,000 | -4,000 | -222,000 | 170,000 | -321,000 | -94,000 | -171,000 | 81,000 | -138,000 |
prepaid expenses and other assets | 1,010,000 | 426,000 | -753,000 | -900,000 | -515,000 | -934,000 | -240,000 | 136,000 | -491,000 | 12,000 | -171,000 | 457,000 | 435,000 | 203,000 | -12,000 | 568,000 | 3,049,000 | 252,000 | -3,252,000 | 2,352,000 | 243,000 | 1,867,000 | 1,455,000 | 1,321,000 | -1,091,000 | -1,131,000 | 207,000 | -540,000 | -1,274,000 | -1,841,000 | 465,000 | 3,661,000 | -5,073,000 | 3,436,000 | 1,180,000 | -509,000 | -1,550,000 | 1,059,000 | -155,000 | -2,091,000 | -90,000 | -394,000 | -1,641,000 | -601,000 |
accounts payable | -280,000 | -132,000 | -2,312,000 | -522,000 | -151,000 | -2,019,000 | -1,222,000 | -507,000 | 1,352,000 | 455,000 | 1,039,000 | 1,456,000 | -1,321,000 | -37,000 | 228,000 | 540,000 | -1,391,000 | 4,076,000 | -767,000 | -1,012,000 | 460,000 | 433,000 | -130,000 | 378,000 | -877,000 | 917,000 | -241,000 | -413,000 | 145,000 | -311,000 | 865,000 | -403,000 | 15,000 | 557,000 | -2,068,000 | 1,740,000 | 866,000 | -678,000 | -52,000 | 66,000 | -116,000 | 27,000 | 1,324,000 | -778,000 |
operating lease liabilities | -9,022,000 | -6,454,000 | -21,234,000 | -14,540,000 | -7,254,000 | -20,473,000 | -13,707,000 | -6,923,000 | -21,163,000 | -14,183,000 | -7,055,000 | -8,000,000 | -7,778,000 | -8,163,000 | -8,991,000 | -5,119,000 | -6,716,000 | 3,593,000 | -7,653,000 | -6,679,000 | -7,765,000 | -7,421,000 | -7,860,000 | |||||||||||||||||||||
accrued expenses and other liabilities | 4,288,000 | 3,647,000 | -1,096,000 | -5,236,000 | -2,274,000 | 2,847,000 | 4,786,000 | -3,684,000 | -3,236,000 | 1,180,000 | -4,424,000 | -186,000 | -2,752,000 | 6,553,000 | 40,000 | 4,795,000 | 3,437,000 | 3,249,000 | -4,144,000 | 546,000 | -2,166,000 | |||||||||||||||||||||||
net cash from operating activities: | 22,366,000 | 8,629,000 | 13,060,000 | 3,850,000 | 693,000 | 14,501,000 | 12,022,000 | -657,000 | 1,018,000 | 1,978,000 | -7,739,000 | -1,684,000 | 4,246,000 | -9,700,000 | -2,821,000 | 2,893,000 | -7,816,000 | 2,875,000 | 9,361,000 | -2,373,000 | 4,786,000 | 11,202,000 | 6,665,000 | |||||||||||||||||||||
cash flows from investing activities: | ||||||||||||||||||||||||||||||||||||||||||||
purchases of property and equipment | -10,823,000 | -4,993,000 | -13,017,000 | -8,687,000 | -3,963,000 | -12,252,000 | -7,281,000 | -3,312,000 | -4,914,000 | -3,115,000 | -1,378,000 | -1,505,000 | -4,210,000 | -2,033,000 | -1,300,000 | -2,218,000 | -1,369,000 | -2,473,000 | -4,860,000 | -4,832,000 | -4,303,000 | -2,658,000 | -2,572,000 | -4,673,000 | -5,108,000 | -6,675,000 | -4,939,000 | -11,158,000 | -8,200,000 | -8,399,000 | -6,927,000 | -16,829,000 | -7,705,000 | -5,560,000 | -6,618,000 | -8,401,000 | -9,423,000 | -9,738,000 | -8,163,000 | -8,665,000 | -7,158,000 | -6,850,000 | -6,536,000 | -6,833,000 |
proceeds from sale of refranchised shops and other assets | 227,000 | 227,000 | 227,000 | |||||||||||||||||||||||||||||||||||||||||
other investing activities | 68,000 | 68,000 | -210,000 | |||||||||||||||||||||||||||||||||||||||||
net cash from investing activities: | -10,755,000 | -4,925,000 | -13,000,000 | -8,460,000 | -3,736,000 | -10,890,000 | -5,919,000 | -3,216,000 | -4,914,000 | -3,115,000 | -1,378,000 | -4,210,000 | -2,033,000 | -1,300,000 | -1,369,000 | -2,473,000 | -4,860,000 | -4,303,000 | -2,658,000 | -2,572,000 | -5,108,000 | -6,675,000 | -4,939,000 | |||||||||||||||||||||
cash flows from financing activities: | ||||||||||||||||||||||||||||||||||||||||||||
borrowings under revolving facility | 3,000,000 | 3,000,000 | 9,000,000 | 7,000,000 | 7,000,000 | |||||||||||||||||||||||||||||||||||||||
repayments under revolving facility | -7,000,000 | -2,500,000 | -6,000,000 | -3,000,000 | -2,000,000 | |||||||||||||||||||||||||||||||||||||||
repayments under term loan | -22,827,000 | -22,827,000 | -22,827,000 | |||||||||||||||||||||||||||||||||||||||||
payment of debt issuance costs | -623,000 | -623,000 | -345,000 | -2,204,000 | -2,204,000 | -2,204,000 | -176,000 | -76,000 | -40,000 | 0 | 0 | 0 | -195,000 | 15,000 | -115,000 | |||||||||||||||||||||||||||||
proceeds from exercise of warrants | 848,000 | 358,000 | 1,309,000 | 1,309,000 | 1,309,000 | 961,000 | 961,000 | 865,000 | ||||||||||||||||||||||||||||||||||||
employee taxes on certain stock-based payment arrangements | -1,425,000 | -119,000 | -2,178,000 | -1,710,000 | -980,000 | -1,251,000 | -976,000 | -47,000 | -702,000 | -507,000 | -33,000 | -176,000 | 1,000 | -508,000 | -6,000 | -71,000 | -56,000 | 0 | -10,000 | -25,000 | -78,000 | 396,000 | 0 | -512,000 | ||||||||||||||||||||
distributions to non-controlling interest | -393,000 | -222,000 | -695,000 | -302,000 | -179,000 | -560,000 | -318,000 | -152,000 | -323,000 | -176,000 | -120,000 | -114,000 | -172,000 | 0 | -172,000 | -186,000 | -160,000 | -173,000 | -151,000 | -159,000 | -164,000 | |||||||||||||||||||||||
treasury stock repurchase | -2,117,000 | -1,128,000 | -937,000 | -703,000 | -1,988,000 | -1,874,000 | -3,825,000 | -12,263,000 | -4,359,000 | -12,724,000 | -14,484,000 | -8,140,000 | -4,406,000 | -4,449,000 | ||||||||||||||||||||||||||||||
net cash from financing activities: | -7,087,000 | -611,000 | -22,648,000 | -20,856,000 | -18,022,000 | 12,458,000 | 13,288,000 | 14,599,000 | -951,000 | 1,441,000 | 4,257,000 | 3,892,000 | -1,882,000 | 11,381,000 | -1,495,000 | -17,144,000 | 39,686,000 | -880,000 | -2,468,000 | -999,000 | -7,277,000 | 847,000 | 1,680,000 | |||||||||||||||||||||
net change in cash and cash equivalents and restricted cash | 4,524,000 | 3,093,000 | -22,588,000 | |||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents and restricted cash at beginning of period | 12,478,000 | 12,478,000 | 34,537,000 | 34,537,000 | 34,537,000 | 15,619,000 | 15,619,000 | 15,619,000 | ||||||||||||||||||||||||||||||||||||
cash and cash equivalents and restricted cash at end of period | 17,002,000 | 15,571,000 | 11,949,000 | 9,071,000 | 13,472,000 | 31,688,000 | 35,010,000 | 26,345,000 | ||||||||||||||||||||||||||||||||||||
supplemental cash flow information: | ||||||||||||||||||||||||||||||||||||||||||||
income taxes paid | 276,000 | 727,000 | 553,000 | 12,000 | 428,000 | 245,000 | 55,000 | 139,000 | 132,000 | 0 | 150,000 | 25,000 | 10,000 | -34,000 | 222,000 | 9,000 | 9,000 | 7,000 | 0 | 176,000 | 4,000 | 1,000 | 5,000 | -1,690,000 | 93,000 | 3,166,000 | 87,000 | 1,398,000 | 1,551,000 | 285,000 | 429,000 | 75,000 | 2,071,000 | 213,000 | 17,000 | 2,365,000 | 167,000 | 344,000 | 356,000 | 1,081,000 | ||||
interest paid | 209,000 | 126,000 | 569,000 | 493,000 | 359,000 | 2,349,000 | 1,446,000 | 787,000 | 662,000 | 236,000 | 159,000 | 126,000 | 84,000 | 160,000 | 238,000 | 428,000 | 138,000 | 305,000 | 25,000 | 42,000 | 18,000 | 24,000 | 24,000 | 25,000 | 47,000 | 19,000 | 19,000 | 21,000 | 20,000 | 32,000 | 21,000 | 26,000 | 25,000 | 35,000 | 22,000 | 28,000 | 41,000 | 56,000 | 58,000 | 55,000 | 40,000 | 42,000 | 42,000 | 71,000 |
supplemental non-cash investing and financing activities: | ||||||||||||||||||||||||||||||||||||||||||||
unpaid liability for purchases of property and equipment | 2,224,000 | 928,000 | 1,632,000 | 803,000 | 909,000 | 859,000 | 1,035,000 | 978,000 | 573,000 | 591,000 | 460,000 | -139,000 | -212,000 | 390,000 | 421,000 | 451,000 | 167,000 | -908,000 | 1,091,000 | 765,000 | -150,000 | 422,000 | 161,000 | -427,000 | -121,000 | 65,000 | 1,234,000 | -1,011,000 | 355,000 | 177,000 | 2,220,000 | -415,000 | 1,562,000 | 123,000 | 1,457,000 | 31,000 | 433,000 | -1,207,000 | 4,138,000 | -369,000 | 635,000 | 798,000 | 1,626,000 | 75,000 |
unpaid liability for employee taxes on certain stock-based payment arrangements | 137,000 | 117,000 | 40,000 | 424,000 | 328,000 | 38,000 | 149,000 | 305,000 | 52,000 | 97,000 | 246,000 | -561,000 | ||||||||||||||||||||||||||||||||
adjustments to reconcile net loss to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||
asset impairment, shop closure and disposal of property and equipment | ||||||||||||||||||||||||||||||||||||||||||||
amortization of debt issuance costs | 9,000 | 9,000 | 10,000 | 9,000 | 9,000 | 9,000 | 10,000 | 9,000 | 9,000 | 9,000 | 9,000 | 9,000 | 7,000 | -42,000 | 18,000 | 17,000 | 18,000 | 17,000 | 18,000 | 17,000 | 18,000 | 18,000 | ||||||||||||||||||||||
net cash from operating activities | 13,451,000 | 13,228,000 | 2,720,000 | 12,420,000 | 12,071,000 | 9,580,000 | 12,425,000 | 11,893,000 | 9,997,000 | 11,361,000 | 8,809,000 | 10,153,000 | 3,260,000 | 11,523,000 | 5,255,000 | 6,516,000 | 5,501,000 | |||||||||||||||||||||||||||
capital expenditures | -12,169,000 | -7,845,000 | -8,222,000 | -4,707,000 | -17,244,000 | -6,143,000 | -5,437,000 | -5,161,000 | -8,370,000 | -8,990,000 | -10,945,000 | -4,025,000 | -9,034,000 | -6,523,000 | -6,052,000 | -4,910,000 | -6,758,000 | |||||||||||||||||||||||||||
free cash flows | 1,282,000 | 5,383,000 | -5,502,000 | 7,713,000 | -5,173,000 | 3,437,000 | 6,988,000 | 6,732,000 | 1,627,000 | 2,371,000 | -2,136,000 | 6,128,000 | -5,774,000 | 5,000,000 | -797,000 | 1,606,000 | -1,257,000 | |||||||||||||||||||||||||||
proceeds from sales of refranchised shops | ||||||||||||||||||||||||||||||||||||||||||||
net cash from investing activities | -11,158,000 | -8,200,000 | -8,399,000 | -6,927,000 | -16,829,000 | -7,705,000 | -6,668,000 | -6,618,000 | -8,401,000 | -9,756,000 | -9,738,000 | -8,163,000 | -8,665,000 | -7,158,000 | -6,850,000 | -6,536,000 | -6,833,000 | |||||||||||||||||||||||||||
borrowings under term loan | 25,000,000 | 25,000,000 | 25,000,000 | |||||||||||||||||||||||||||||||||||||||||
borrowings under former credit facility | ||||||||||||||||||||||||||||||||||||||||||||
repayments under former credit facility | ||||||||||||||||||||||||||||||||||||||||||||
principal payments made for term loan | -938,000 | -625,000 | -313,000 | |||||||||||||||||||||||||||||||||||||||||
contributions from non-controlling interest | 303,000 | 72,000 | 0 | 0 | 136,000 | 0 | 0 | 0 | 143,000 | 36,000 | 0 | 78,000 | 0 | 0 | 77,000 | 27,000 | 254,000 | 238,000 | 88,000 | |||||||||||||||||||||||||
net cash from financing activities | 1,059,000 | -4,032,000 | -515,000 | -1,496,000 | -1,597,000 | -2,062,000 | -9,322,000 | -3,795,000 | -12,358,000 | -12,942,000 | -6,692,000 | -3,269,000 | -993,000 | -5,486,000 | 2,572,000 | -12,000 | 45,792,000 | |||||||||||||||||||||||||||
net change in cash and cash equivalents | ||||||||||||||||||||||||||||||||||||||||||||
net increase in cash and cash equivalents and restricted cash | -25,466,000 | -21,065,000 | 16,069,000 | 19,391,000 | 10,726,000 | |||||||||||||||||||||||||||||||||||||||
net loss | -2,673,000 | -1,204,000 | -7,179,000 | -7,887,000 | -2,860,000 | -3,848,000 | -14,474,000 | -16,517,000 | -13,489,000 | -22,316,000 | -13,350,000 | -1,225,000 | -2,237,000 | -1,749,000 | -18,374,000 | |||||||||||||||||||||||||||||
asset impairment, store closure and disposal of property and equipment | 2,741,000 | 567,000 | 1,184,000 | 1,453,000 | 6,236,000 | 977,000 | 1,579,000 | 346,000 | 87,000 | 5,096,000 | 4,445,000 | 1,840,000 | 2,381,000 | 5,025,000 | 1,660,000 | 3,355,000 | 907,000 | 1,346,000 | 1,869,000 | 1,011,000 | 17,000 | 1,658,000 | 1,273,000 | 488,000 | 399,000 | |||||||||||||||||||
gain on franchise growth acceleration initiative activities | ||||||||||||||||||||||||||||||||||||||||||||
borrowings under revolving credit facility | 14,600,000 | 14,600,000 | 14,600,000 | 30,550,000 | 15,000,000 | 10,000,000 | ||||||||||||||||||||||||||||||||||||||
repayments under revolving credit facility | -23,150,000 | -23,150,000 | -23,150,000 | -30,300,000 | -12,800,000 | -5,550,000 | ||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common shares and warrants, net of fees | 0 | 0 | -101,000 | 14,940,000 | ||||||||||||||||||||||||||||||||||||||||
proceeds from exercise of stock options | 0 | 0 | 0 | 0 | 3,000 | 170,000 | 77,000 | 1,423,000 | 4,489,000 | 2,255,000 | 5,306,000 | 66,000 | 563,000 | 552,000 | 419,000 | 1,933,000 | 3,186,000 | 627,000 | 534,000 | 1,548,000 | 2,459,000 | 1,284,000 | 2,357,000 | 443,000 | 3,329,000 | 8,000 | ||||||||||||||||||
net increase in cash and cash equivalents | 304,000 | -4,860,000 | 4,517,000 | -2,002,000 | 331,000 | 381,000 | -5,685,000 | -16,724,000 | 27,010,000 | 3,048,000 | -2,308,000 | 4,235,000 | -5,944,000 | -6,936,000 | -7,599,000 | 5,374,000 | 3,406,000 | 3,997,000 | 1,480,000 | -6,398,000 | -1,121,000 | 977,000 | -32,000 | 44,460,000 | ||||||||||||||||||||
gain on extinguishment of debt and accrued interest | -224,000 | |||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of refranchised shops | 1,362,000 | 1,362,000 | 96,000 | |||||||||||||||||||||||||||||||||||||||||
gain on extinguishment of debt | -10,191,000 | |||||||||||||||||||||||||||||||||||||||||||
borrowings under credit facility | 7,500,000 | 8,000,000 | 11,500,000 | 10,000,000 | 0 | 39,786,000 | ||||||||||||||||||||||||||||||||||||||
repayments under credit facility | -9,500,000 | -11,500,000 | -17,600,000 | -20,700,000 | ||||||||||||||||||||||||||||||||||||||||
proceeds from paycheck protection program loan | 0 | |||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at beginning of period | 14,353,000 | 14,353,000 | 14,353,000 | 0 | 0 | 0 | 11,126,000 | 0 | 0 | 0 | 18,806,000 | 0 | 0 | 0 | 19,775,000 | 0 | 0 | 0 | 25,530,000 | 0 | 0 | 0 | 23,379,000 | 0 | 0 | 0 | 32,006,000 | 0 | 0 | 0 | 63,005,000 | 0 | 0 | 0 | 69,579,000 | 0 | ||||||||
cash and cash equivalents at end of period | 9,506,000 | 14,657,000 | 9,493,000 | 4,517,000 | -2,002,000 | 331,000 | 11,507,000 | -12,281,000 | -5,685,000 | -16,724,000 | 45,816,000 | 3,048,000 | -2,308,000 | 4,235,000 | 13,831,000 | -6,936,000 | -7,599,000 | 5,374,000 | 28,936,000 | 3,352,000 | 996,000 | -6,194,000 | 27,376,000 | -6,355,000 | -187,000 | -3,565,000 | 33,486,000 | -10,762,000 | -11,337,000 | -7,621,000 | 61,726,000 | -6,398,000 | -1,121,000 | 977,000 | 69,547,000 | 44,460,000 | ||||||||
gain on extinguishment of debt and accrued interest related to ppp loan | 10,191,000 | |||||||||||||||||||||||||||||||||||||||||||
net decrease in cash and cash equivalents | -4,847,000 | 996,000 | -6,355,000 | -187,000 | ||||||||||||||||||||||||||||||||||||||||
unpaid liability for employee taxes on certain stock-based arrangements | ||||||||||||||||||||||||||||||||||||||||||||
impairment, loss on disposal of property and equipment and shop closures | 1,118,000 | |||||||||||||||||||||||||||||||||||||||||||
deferred rent and landlord allowances | -94,000 | 188,000 | -153,000 | -23,000 | -13,000 | 827,000 | 465,000 | 632,000 | 1,344,000 | 1,333,000 | 372,000 | 207,000 | 737,000 | 1,302,000 | 1,167,000 | 602,000 | 701,000 | 363,000 | 379,000 | 344,000 | 182,000 | |||||||||||||||||||||||
excess tax deficiency from stock-based compensation | 182,000 | 347,000 | 122,000 | |||||||||||||||||||||||||||||||||||||||||
treasury stock repurchases | -680,000 | -2,323,000 | -1,144,000 | -8,965,000 | -3,386,000 | -63,000 | -3,857,000 | |||||||||||||||||||||||||||||||||||||
debt issuance costs | -149,000 | |||||||||||||||||||||||||||||||||||||||||||
proceeds from exercise of stock warrants | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||
depreciation | 5,536,000 | 5,611,000 | 5,847,000 | 5,858,000 | 5,826,000 | 6,720,000 | 6,315,000 | 6,446,000 | 6,199,000 | 5,738,000 | 5,656,000 | 5,676,000 | 5,664,000 | 5,527,000 | 5,510,000 | 5,288,000 | 5,151,000 | 5,075,000 | 5,039,000 | 4,784,000 | 4,717,000 | 4,591,000 | ||||||||||||||||||||||
amortization of stock compensation expense | 459,000 | 265,000 | 1,389,000 | 862,000 | 1,338,000 | 1,105,000 | 820,000 | 800,000 | 789,000 | 677,000 | 668,000 | 589,000 | 538,000 | 488,000 | 9,240,000 | |||||||||||||||||||||||||||||
accrued and other liabilities | -4,342,000 | 1,853,000 | -2,501,000 | 3,097,000 | -352,000 | -34,000 | 4,719,000 | -6,339,000 | 2,418,000 | -785,000 | 2,991,000 | -2,603,000 | 4,505,000 | -1,502,000 | 2,419,000 | -1,466,000 | 4,107,000 | -1,726,000 | 3,174,000 | -2,774,000 | 1,864,000 | -1,211,000 | ||||||||||||||||||||||
amortization of stock-based compensation | ||||||||||||||||||||||||||||||||||||||||||||
excess tax deficiency (benefit) from stock-based compensation | 1,820,000 | 203,000 | 0 | 89,000 | ||||||||||||||||||||||||||||||||||||||||
acquisition of franchise shop | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||
excess tax benefit from stock-based compensation | -7,000 | -8,000 | -10,000 | -6,000 | 26,000 | -110,000 | ||||||||||||||||||||||||||||||||||||||
payments on note payable | 14,000 | 0 | -1,001,000 | -21,000 | -21,000 | -21,000 | -22,000 | -20,000 | ||||||||||||||||||||||||||||||||||||
distribution to non-controlling interest | -113,000 | -77,000 | -8,000 | |||||||||||||||||||||||||||||||||||||||||
payment of payroll taxes related to stock-based compensation awards | -60,000 | -62,000 | -162,000 | -96,000 | -69,000 | -70,000 | -293,000 | -464,000 | -214,000 | -266,000 | -103,000 | |||||||||||||||||||||||||||||||||
supplemental cash flow information : | ||||||||||||||||||||||||||||||||||||||||||||
supplemental non-cash investing and financing activities : | ||||||||||||||||||||||||||||||||||||||||||||
stock-based compensation | ||||||||||||||||||||||||||||||||||||||||||||
payments on debt | -13,941,000 | |||||||||||||||||||||||||||||||||||||||||||
shares cancelled in lieu of payment of payroll taxes | ||||||||||||||||||||||||||||||||||||||||||||
issuance of common stock, net of underwriting fees | ||||||||||||||||||||||||||||||||||||||||||||
payment of costs associated with initial public offering | -966,000 | |||||||||||||||||||||||||||||||||||||||||||
cash dividend on preferred and common stock | ||||||||||||||||||||||||||||||||||||||||||||
accretion of redeemable convertible preferred stock to maximum redemption value | 0 | |||||||||||||||||||||||||||||||||||||||||||
net (decrease) in cash and cash equivalents | -1,279,000 | |||||||||||||||||||||||||||||||||||||||||||
proceeds from long-term debt | ||||||||||||||||||||||||||||||||||||||||||||
payment of deferred financing costs | ||||||||||||||||||||||||||||||||||||||||||||
capital distribution to non-controlling interest | ||||||||||||||||||||||||||||||||||||||||||||
stock compensation expense | 581,000 | |||||||||||||||||||||||||||||||||||||||||||
asset impairment and loss on disposal of property and equipment | ||||||||||||||||||||||||||||||||||||||||||||
cash flows from financing activities | ||||||||||||||||||||||||||||||||||||||||||||
proceeds from exercise of series f warrants | ||||||||||||||||||||||||||||||||||||||||||||
accrued dividend payable | ||||||||||||||||||||||||||||||||||||||||||||
asset impairment and disposal of property and equipment | 29,000 | 848,000 | ||||||||||||||||||||||||||||||||||||||||||
preferred stock repurchase | ||||||||||||||||||||||||||||||||||||||||||||
common stock repurchase |
