As of what date are the year-end numbers in the tables for Potbelly Sandwich Works?

According to Potbelly Sandwich Works's 2025 Franchise Disclosure Document, the year-end numbers presented in the tables are as of December 31st for each year specified. This is relevant to tables 1 and 4, which include data on both company-owned and franchised Potbelly locations. These tables provide a system-wide outlet summary for the years 2022, 2023, and 2024.

Specifically, this means that when reviewing the performance and status of Potbelly Sandwich Works outlets, franchisees can rely on data compiled up to the end of each calendar year. This includes details such as the number of outlets at the start and end of the year, as well as the net change in outlet numbers. The FDD clarifies that the company-owned outlets referenced in these tables are owned by one or more of Potbelly's affiliates.

For a prospective franchisee, understanding that the data is consistent and compiled to a specific date each year is crucial for comparative analysis and assessing trends. This allows for a clear understanding of how the Potbelly Sandwich Works system and individual outlet types (franchised vs. company-owned) have performed over the past three years. Franchisees should pay close attention to these tables to understand the growth, changes, and overall health of the Potbelly system.