What was the change in accounts payable for Potbelly Sandwich Works in 2024?
Potbelly_Sandwich_Works Franchise · 2025 FDDAnswer from 2025 FDD Document
ue data)**
| December 29, 2024 | December 31, 2023 | ||||
|---|---|---|---|---|---|
| Assets | |||||
| Current assets | |||||
| Cash and cash equivalents | $ 11,663 | $ | 33,788 | ||
| Accounts receivable, net of allowances of $22 and $26 as of December 29, 2024 and December 31, | 9,765 | 7,960 | |||
| 2023, respectively | |||||
| Inventories | 3,744 | 3,516 | |||
| Prepaid expenses and other current assets | 7,882 | 7,828 | |||
| Assets classified as held-for-sale | 147 | — | |||
| Total curr |
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS, AND TRAINING (FDD pages 37–49)
What This Means (2025 FDD)
Based on Potbelly Sandwich Works's 2025 Franchise Disclosure Document, the provided financial statements do not include a specific line item for 'accounts payable'. However, the consolidated balance sheets do list 'Accounts receivable, net of allowances of $22 and $26 as of December 29, 2024 and December 31'.
Prospective franchisees should note that accounts payable represents the amounts a company owes to its suppliers and vendors for goods or services received but not yet paid for. Tracking changes in accounts payable can provide insights into a company's short-term liquidity and its relationships with suppliers.
To gain a comprehensive understanding of Potbelly Sandwich Works's financial health, a potential franchisee should request detailed financial statements that include a breakdown of current liabilities, including accounts payable. This information is crucial for assessing the company's ability to meet its short-term obligations and manage its working capital effectively.