Shares of Potbelly (PBPB) were up Monday after the sandwich shop chain reported preliminary Q4 results and said it expects Q4 same-store sales growth to top its prior outlook.

For comparable company-operated stores open for at least 15 months, the company said it expects Q4 same-store sales growth of 0.2% to 0.3% year-over-year, compared with its Nov. 7 guidance for same-store sales to decline 0.5% to 2.5%.

For the quarter ended Dec. 29, Potbelly also said it is projecting adjusted earnings before interest, taxes, depreciation and amortization of $8 million to $8.4 million, above its previous guidance of $7 million to $8 million.

Four analysts polled by FactSet are expecting Potbelly's Q4 same-store sales to fall 1.6% from the year-ago quarter and EBITDA of $7.1 million.

The company, which operated 727 shops at the end of 2024, said it is expecting to open another 38 shops during 2025.

Price: 10.32, Change: +1.25, Percent Change: +13.78