Earnings Per Share

3 Months Ended

Mar. 30, 2025

Basic and diluted income per common share attributable to common stockholders are calculated using the weighted average number of common shares outstanding for the period. Diluted income per common share attributable to common stockholders is computed by dividing the income allocated to common stockholders by the weighted average number of fully diluted common shares outstanding. In periods of a net loss, no potential common shares are included in diluted shares outstanding as the effect is anti-dilutive.

The following table summarizes the earnings per share calculation:


	For the Quarter Ended
	March 30, 2025		March 31, 2024
Net loss attributable to Potbelly Corporation	$	(62)	$	(2,767)
Weighted average common stock outstanding-basic	29,893		29,551
Plus: Effect of potentially dilutive stock-based compensation awards	—		—
Plus: Effect of potential warrant exercise	—		—
Weighted average common shares outstanding-diluted	29,893		29,551
Loss per share available to common stockholders-basic	$	(0.00)	$	(0.09)
Loss per share available to common stockholders-diluted	$	(0.00)	$	(0.09)
Potentially dilutive shares that are considered anti-dilutive:
Shares	1,345		1,326
Warrants	817		883