What was the weighted average of common shares outstanding-diluted for Potbelly Sandwich Works in 2023?
Potbelly_Sandwich_Works Franchise · 2025 FDDAnswer from 2025 FDD Document
ings per share calculation:
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Net income attributable to Potbelly Corporation | $ 40,294 | $ 5,119 | $ 4,345 |
| Weighted average common shares outstanding-basic | 29,838 | 29,201 | 28,625 |
| Plus: Effect of potentially dilutive stock-based compensation awards | 501 | 490 | 414 |
| Plus: Effect of potential warrant exercise | 381 | 397 | 26 |
| Weighted average common shares outstanding-diluted | 30,720 | 30,088 | 29,065 |
| Income per share available to common stockholders-basic | $ 1.35 | $ 0.18 | $ 0.15 |
| Income per share available to common stockholders-diluted | $ 1.31 | $ 0.17 | $ 0.15 |
| Potentially dilutive shares that are considered anti-dilutive: |
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS, AND TRAINING (FDD pages 37–49)
What This Means (2025 FDD)
According to Potbelly Sandwich Works' 2025 Franchise Disclosure Document, the weighted average of common shares outstanding-diluted in 2023 was 30,088 (in thousands). This figure is used in the calculation of diluted income per share, providing investors with a view of earnings per share assuming all convertible securities are exercised. For Potbelly Sandwich Works, this includes the effect of potentially dilutive stock-based compensation awards and potential warrant exercises.
The weighted average of common shares outstanding-diluted is a key financial metric for Potbelly Sandwich Works, as it impacts the calculation of income per share. The FDD shows that the weighted average common shares outstanding-diluted was calculated by considering the weighted average common shares outstanding-basic, plus the effect of potentially dilutive stock-based compensation awards, and the effect of potential warrant exercises.
Prospective franchisees should understand that these figures reflect the overall financial structure of Potbelly Sandwich Works and can influence investor perceptions of the company's profitability. While this information may not directly impact the day-to-day operations of a franchise, it provides insight into the financial health and capital structure of the franchisor, which can be a factor in long-term stability and growth.