PBPB earnings
Potbelly Corporation (PBPB) earnings releases and earnings dates - real-time wire coverage of every quarterly report.
Recent earnings items
- Potbelly Corporation Reports Results for Second Fiscal Quarter 2025Second quarter system-wide sales growth of 6.7% including 3.2% company-operated same-store sales growth and positive traffic growth Eight shop openings and 54 additional franchise shop commitments in the second quarter Raises full-year guidance and introduces 3Q'25 guidance including positive same-store sales of 3.25%-4.25% CHICAGO, Aug. 06, 2025 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ: PBPB), ("Potbelly" or the "Company") the iconic neighborhood sandwich shop concept, today reported financial results for its second fiscal quarter ended June 29, 2025. Key highlights for the quarter ended June 29, 2025, compared to the quarter ended June 30, 2024: Average Weekly Sales (AWS) in
- Potbelly Corporation Announces Conference Call to Discuss Second Quarter 2025 Results on August 6, 2025CHICAGO, July 21, 2025 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ: PBPB) ("Potbelly" or the "Company"), the iconic neighborhood sandwich shop concept, today announced the date for the release of its second quarter 2025 financial results. Second Quarter 2025 ResultsPotbelly will report its financial results for the fiscal second quarter 2025 on Wednesday, August 6, 2025, after market close. The Company has scheduled a conference call for investors at 5:00 p.m. Eastern Time on the same day to discuss the results. Hosting the call will be Potbelly Corporation's President and Chief Executive Officer, Bob Wright, and Chief Financial Officer, Steve Cirulis. Date:Wednesday, August 6, 2025T
- Potbelly Corporation Reports Results for First Fiscal Quarter 2025First quarter system-wide sales growth of 4.8% including positive same-store sales growth Four shop openings and 40 additional franchise shop commitments in the first quarter Reiterates full-year guidance and introduces 2Q'25 guidance including positive same-store sales of 1.5%-2.5% CHICAGO, May 07, 2025 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ: PBPB), ("Potbelly" or the "Company") the iconic neighborhood sandwich shop concept, today reported financial results for its first fiscal quarter ended March 30, 2025. Key highlights for the quarter ended March 30, 2025, compared to March 31, 2024: Average Weekly Sales (AWS) increased 1.2% to $24,550 compared to $24,250.Company-operate
- Potbelly Corporation Announces Conference Call to Discuss First Quarter 2025 Results on May 7, 2025CHICAGO, April 17, 2025 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ: PBPB) ("Potbelly" or the "Company"), the iconic neighborhood sandwich shop concept, today announced the date for the release of its first quarter 2025 financial results. First Quarter 2025 ResultsPotbelly will report its financial results for the fiscal first quarter 2025 on Wednesday, May 7, 2025 after market close. The Company has scheduled a conference call for investors at 5:00 p.m. Eastern Time on the same day to discuss the results. Hosting the call will be Potbelly Corporation's President and Chief Executive Officer, Bob Wright, and Chief Financial Officer, Steve Cirulis. Date: Wednesday, May 7, 2025Time: 5:0
- Potbelly Corporation Reports Results for Fourth Fiscal Quarter and Full Year 2024Q4 GAAP EPS of $0.15 +67% y-y and Adjusted EPS of $0.13 +550% y-y Q4 increased profitability with Net Income +69% y-y and Adjusted EBITDA +30% y-y Q4 eight shop openings and 29 additional franchise shop commitments in the fourth quarter CHICAGO, March 06, 2025 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ: PBPB), ("Potbelly" or the "Company") the iconic neighborhood sandwich shop concept, today reported financial results for its fourth fiscal quarter and full year ended December 29, 2024 which included 13 and 52 weeks, respectively. The comparable prior-year periods in 2023 included 14 weeks in Q4 and 53 weeks for the fiscal year. Key highlights for the quarter ende
- Potbelly Corporation Announces Conference Call to Discuss Fourth Quarter and Full Year 2024 Results on March 6, 2025CHICAGO, Feb. 18, 2025 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ: PBPB) ("Potbelly" or the "Company"), the iconic neighborhood sandwich shop concept, today announced the date for the release of its fourth quarter and full year 2024 financial results. Fourth Quarter and Full Year 2024 ResultsPotbelly will report its financial results for the fiscal fourth quarter and full year 2024 on Thursday, March 6, 2025 after market close. The Company has scheduled a conference call for investors at 5:00 p.m. Eastern Time on the same day to discuss the results. Hosting the call will be Potbelly Corporation's President and Chief Executive Officer, Bob Wright, and Chief Financial Officer, Steve C
- Potbelly Corporation Reports Results for Third Fiscal Quarter 2024GAAP EPS of $0.12 +140% y-y and Adjusted EPS of $0.08 +100% y-y Increased Profitability with Net Income +150% y-y and Adjusted EBITDA +19% y-y Eight shop openings and 32 additional franchise shop commitments in the third quarter CHICAGO, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ: PBPB), ("Potbelly" or the "Company") the iconic neighborhood sandwich shop concept, today reported financial results for its third fiscal quarter ended September 29, 2024. Key highlights for the quarter ended September 29, 2024, compared to September 24, 2023: Average Weekly Sales (AWS) decreased 1.3% to $24,870 compared to $25,190.Total revenues decreased by 4.7% to
- Potbelly Corporation Announces Conference Call to Discuss Third Quarter 2024 Results on November 7, 2024CHICAGO, Oct. 17, 2024 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ: PBPB) ("Potbelly" or the "Company"), the iconic neighborhood sandwich shop concept, today announced the date for the release of its third quarter 2024 financial results. Third Quarter 2024 ResultsPotbelly will report its financial results for the fiscal third quarter 2024 on Thursday, November 7, 2024 after market close. The Company has scheduled a conference call for investors at 5:00 p.m. Eastern Time on the same day to discuss the results. Hosting the call will be Potbelly Corporation's President and Chief Executive Officer, Bob Wright, and Chief Financial Officer, Steve Cirulis. Date: Thursday, November 7, 2024Ti
- Potbelly Corporation Reports Results for Second Fiscal Quarter 202422 additional new franchise shop commitments in the second quarter 9 shop openings year-to-date through August 8th CHICAGO, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ: PBPB), ("Potbelly" or the "Company") the iconic neighborhood sandwich shop concept, today reported financial results for its second fiscal quarter ended June 30, 2024. Key highlights for the quarter ended June 30, 2024, compared to June 25, 2023: Average Weekly Sales (AWS) increased 0.6% to $26,110 and, inclusive of the impact of refranchising 26 former company locations since Q1 2023.Total revenues decreased by 5.5% to $119.7 million compared to $126.6 million. Company-operated sandwich shop
- Potbelly Corporation Announces Conference Call to Discuss Second Quarter 2024 Results on August 8, 2024CHICAGO, July 18, 2024 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ: PBPB) ("Potbelly" or the "Company"), the iconic neighborhood sandwich shop concept, today announced the date for the release of its second quarter 2024 financial results. Second Quarter 2024 ResultsPotbelly will report its financial results for the fiscal second quarter 2024 on Thursday, August 8, 2024 after market close. The Company has scheduled a conference call for investors at 5:00 p.m. Eastern Time on the same day to discuss the results. Hosting the call will be Potbelly Corporation's President and Chief Executive Officer, Bob Wright, and Chief Financial Officer, Steve Cirulis. Date:Thursday, August 8, 2024Time
- Potbelly Corporation Reports Strong Results for First Fiscal Quarter 2024First quarter system-wide sales growth of 1.9% and AWS of $24,250 32 additional new franchise shop commitments in the first quarter Announces $20 million share repurchase program CHICAGO, May 08, 2024 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ: PBPB), ("Potbelly" or the "Company") the iconic neighborhood sandwich shop concept, today reported financial results for its first fiscal quarter ended March 31, 2024. Key highlights for the quarter ended March 31, 2024, compared to March 26, 2023: Total revenues decreased by 6.0% to $111.2 million compared to $118.3 million, which included revenue from 33 shops that were refranchised in 2023. Average Weekly Sales (AWS) increased 1.6% to
- Potbelly Corporation Announces Conference Call to Discuss First Quarter 2024 Results on May 8, 2024CHICAGO, April 17, 2024 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ: PBPB) ("Potbelly" or the "Company"), the iconic neighborhood sandwich shop concept, today announced the date for the release of its first quarter 2024 financial results. First Quarter 2024 ResultsPotbelly will report its financial results for the fiscal first quarter 2024 on Wednesday, May 8, 2024 after market close. The Company has scheduled a conference call for investors at 5:00 p.m. Eastern Time on the same day to discuss the results. Hosting the call will be Potbelly Corporation's President and Chief Executive Officer, Bob Wright, and Chief Financial Officer, Steve Cirulis. Date:Wednesday, May 8, 2024Time: 5:00
- Potbelly Corporation Reports Strong Results for Fourth Fiscal Quarter and Full Year 2023Fourth quarter same-store sales growth of 6.3% and AWS of $24,960, with traffic growth as a major driver 202 new shop commitments to-date under the Franchise Growth Acceleration Initiative Provides first quarter and full year 2024 outlook; Introduces new long-term growth ranges CHICAGO, March 07, 2024 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ: PBPB), ("Potbelly" or the "Company") the iconic neighborhood sandwich shop concept, today reported financial results for its 14-week fourth fiscal quarter and 53-week full year ended December 31, 2023. The comparable period-year periods in 2022 included 13 and 52 weeks, respectively. Key highlights for the quarter ended December 31, 2023,
- Potbelly Corporation Announces Conference Call to Discuss Fourth Quarter and Full Year 2023 Results on March 7, 2024CHICAGO, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ:PBPB) ("Potbelly" or the "Company"), the iconic neighborhood sandwich shop concept, today announced the date for the release of its fourth quarter and full year 2023 financial results. Fourth Quarter and Full Year 2023 ResultsPotbelly will report its financial results for the fiscal fourth quarter and full year 2023 on Thursday, March 7, 2024 after market close. The Company has scheduled a conference call for investors at 5:00 p.m. Eastern Time on the same day to discuss the results. Hosting the call will be Potbelly Corporation's President and Chief Executive Officer, Bob Wright, and Chief Financial Officer, Steve Ci
- Potbelly Corporation Reports Strong Results for Third Fiscal Quarter 20238.0% same-store sales growth and AWS of $25,190, with traffic growth as a major driver 150 new shop commitments to-date under the Franchise Growth Acceleration Initiative Delivered at or above all guidance ranges; provides fourth quarter outlook CHICAGO, Nov. 01, 2023 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ: PBPB), ("Potbelly" or the "Company") the iconic neighborhood sandwich shop concept, today reported financial results for the third fiscal quarter ended September 24, 2023. Key highlights for the quarter ended September 24, 2023, compared to September 25, 2022: Total revenues increased by 2.7% to $120.8 million compared to $117.6 million.Average Weekly Sales (AWS) increas
- Potbelly Corporation Announces Conference Call to Discuss Third Quarter 2023 Results on November 1, 2023CHICAGO, Oct. 11, 2023 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ: PBPB) ("Potbelly" or the "Company"), the iconic neighborhood sandwich shop, today announced the date for the release of its third quarter 2023 financial results. Third Quarter 2023 ResultsPotbelly will report its financial results for the fiscal third quarter 2023 on Wednesday, November 1, 2023 after market close. The Company has scheduled a conference call for investors at 5:00 p.m. Eastern Time on the same day to discuss the results. Hosting the call will be Potbelly Corporation's President and Chief Executive Officer, Bob Wright, and Chief Financial Officer, Steve Cirulis. Date:Wednesday, November 1, 2023Time:5:00
- Potbelly Corporation Reports Results for Second Fiscal Quarter 202312.9% same-store sales growth and AUVs of $25,950, driven mostly by traffic 106 new shop commitments to-date under the Franchise Growth Acceleration Initiative Delivered above high-end of all guidance ranges; provides third quarter and reiterates full year 2023 outlook CHICAGO, Aug. 03, 2023 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ: PBPB), ("Potbelly" or the "Company") the iconic neighborhood sandwich shop concept, today reported financial results for the second fiscal quarter ended June 25, 2023. Key highlights for the quarter ended June 25, 2023, compared to June 26, 2022: Total revenues increased by 9.2% to $126.6 million compared to $116.0 million.Company shop sales incre
- Potbelly Corporation Announces Conference Call to Discuss Second Quarter 2023 Results on August 3, 2023CHICAGO, July 13, 2023 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ: PBPB) ("Potbelly" or the "Company"), the iconic neighborhood sandwich shop, today announced the date for the release of its second quarter 2023 financial results. Second Quarter 2023 ResultsPotbelly will report its financial results for the fiscal second quarter 2023 on Thursday, August 3, 2023 after market close. The Company has scheduled a conference call for investors at 5:00 p.m. Eastern Time on the same day to discuss the results. Hosting the call will be Potbelly Corporation's President and Chief Executive Officer, Bob Wright, and Chief Financial Officer, Steve Cirulis. Date: Thursday, August 3, 2023Time:
- Potbelly Corporation Reports Strong Results for First Fiscal Quarter 202322.2% same-store sales growth and AUVs of $23,881, driven mostly by traffic 30 new shop agreements year-to-date, signaling momentum in Franchise Growth Acceleration Initiative Delivered on high-end of all guidance measures; provides second quarter and reiterates full year 2023 outlook CHICAGO, May 04, 2023 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ: PBPB), ("Potbelly" or the "Company") the iconic neighborhood sandwich shop concept, today reported financial results for the first fiscal quarter ended March 26, 2023. First Quarter 2023 Strategic Successes: Five-Pillar Strategy continued to drive success in traffic, same-store sales (SSS) and franchising momentum.Ongoing marketing m
- Potbelly Corporation Announces Conference Call to Discuss First Quarter 2023 Results on May 4CHICAGO, April 17, 2023 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ:PBPB) ("Potbelly" or the "Company"), the iconic neighborhood sandwich shop, today announced the date for the release of its first quarter 2023 financial results. First Quarter 2023 Results Potbelly will report its financial results for the fiscal first quarter 2023 on Thursday, May 4, 2023 after market close. The Company has scheduled a conference call and webcast for investors at 5:00 p.m. Eastern Time on the same day to discuss the results. Hosting the call will be Potbelly Corporation's President and Chief Executive Officer, Bob Wright, and Chief Financial Officer, Steve Cirulis. Date: Thursday May 4, 202
- Potbelly Corporation Reports Results for Fourth Fiscal Quarter and Full Year 2022Closes year strong with same-store-sales up 18.9% and record AUVs of $24,144 for the fourth quarter Delivers record revenue with full-year same-store sales growth of 18.5%, and significant improvement in profitability with full-year net income of $4.3 million and Adjusted EBITDA of $15.7 million Provides first quarter and full year 2023 outlook for continued growth and momentum CHICAGO, March 02, 2023 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ: PBPB), ("Potbelly" or the "Company") the iconic neighborhood sandwich shop concept, today reported financial results for the fourth fiscal quarter and full year ended December 25, 2022. Fiscal 2022 Results Key highlights for th
- Potbelly Corporation Announces Conference Call to Discuss Fourth Quarter and Full-Year 2022 Results on March 2CHICAGO, Feb. 13, 2023 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ:PBPB) ("Potbelly" or the "Company"), the iconic neighborhood sandwich shop, today announced the date for the release of its fourth quarter and full-year 2022 financial results. Fourth Quarter and Full-Year 2022 Results Potbelly will report its financial results for the fiscal fourth quarter and full-year 2022 on Thursday, March 2, 2023 after market close. The Company has scheduled a conference call and webcast for investors at 5:00 p.m. Eastern Time on the same day to discuss the results. Hosting the call will be Potbelly Corporation's President and Chief Executive Officer, Bob Wright, and Chief Financ
- Potbelly Corporation Reports Results for Third Fiscal Quarter 2022Same-store-sales improved +15%, leading to record AUVs of $23,383 for the quarter Positive net income of $9.0 million, adjusted net income of $0.3 million, Adjusted EBITDA up 75% year-over-year Recently signed franchising agreements for 25 shops within the Tampa, Central Orlando, Florida and Central Illinois regions, mark acceleration of franchise development growth CHICAGO, Nov. 03, 2022 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ: PBPB), ("Potbelly" or the "Company") the iconic neighborhood sandwich shop concept, today reported financial results for the third fiscal quarter ended September 25, 2022. Third Quarter Strategic Successes: Positive same-store sales (SSS) for the sixt
- Potbelly Corporation Announces Conference Call to Discuss Third Quarter 2022 Results on November 3CHICAGO, Oct. 17, 2022 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ:PBPB) ("Potbelly" or the "Company"), the iconic neighborhood sandwich shop, today announced the date for the release of its third quarter 2022 financial results. Third Quarter 2022 Results Potbelly will report its financial results for the fiscal third quarter 2022 on Thursday, November 3, 2022 after market close. The Company has scheduled a conference call and webcast for investors at 5:00 p.m. Eastern Time on the same day to discuss the results. Hosting the call will be Potbelly Corporation's President and Chief Executive Officer, Bob Wright, and Chief Financial Officer, Steve Cirulis. Date:Thursda
- Potbelly Corporation Reports Results for Second Fiscal Quarter 2022Drove significant year-over-year profitability improvements with positive net income of $0.6 million, up $4.5 million, and adjusted EBITDA of $5.8 million, up $3.9 million Same-store-sales improved +17.2%, leading to record AUVs of $22,902 for the quarter Company remains on track to achieve its full-year 2022 outlook CHICAGO, Aug. 04, 2022 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ: PBPB), ("Potbelly" or the "Company") the iconic neighborhood sandwich shop concept, today reported financial results for the second fiscal quarter ended June 26, 2022. Second Quarter Strategic Successes: Positive same-store sales (SSS) for the fifth consecutive quarter, ending the second q
- Potbelly Corporation Announces Conference Call to Discuss Second Quarter 2022 Results on August 4CHICAGO, July 18, 2022 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ:PBPB) ("Potbelly" or the "Company"), the iconic neighborhood sandwich shop, today announced the date for the release of its second quarter 2022 financial results. Second Quarter 2022 Results Potbelly will report its financial results for the fiscal second quarter 2022 on Thursday, August 4, 2022 after market close. The Company has scheduled a conference call and webcast for investors at 5:00 p.m. Eastern Time on the same day to discuss the results. Hosting the call will be Potbelly Corporation's President and Chief Executive Officer, Bob Wright, and Chief Financial Officer, Steve Cirulis. Date:Thursday August
- Potbelly Corporation Announces Conference Call to Discuss First Quarter 2022 Results on May 5CHICAGO, April 21, 2022 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ:PBPB) ("Potbelly" or the "Company"), the iconic neighborhood sandwich shop, today announced the date for the release of its first quarter 2022 financial results. First Quarter 2022 Results Potbelly will report its financial results for the fiscal first quarter 2022 on Thursday, May 5, 2022 after the market closes that day. The Company has scheduled a conference call and webcast for investors at 5:00 p.m. Eastern Time on the same day to discuss the results. Hosting the call will be Potbelly Corporation's President and Chief Executive Officer, Bob Wright, and Chief Financial Officer, Steve Cirulis. Date: Thursda
- Potbelly Corporation Reports Results for Fourth Fiscal Quarter and Full Year 2021 and Provides Long-term OutlookFinished fiscal 2021 with strong momentum, including fourth quarter same-store sales of +33.8% Provides positive directional outlook for fiscal 2022, including double digit SSS growth Announces 2024 growth targets and long-term unit potential of 2,000 units CHICAGO, March 02, 2022 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ:PBPB) ("Potbelly" or the "Company"), the iconic neighborhood sandwich shop, today reported financial results for the fourth fiscal quarter and full year ended December 26, 2021. The Company also provided its directional outlook for fiscal 2022 and several long-term growth targets. As Potbelly prepares to embark on its next phase of growth, the Company has annou
- Potbelly Corporation Announces Conference Call to Discuss Fourth Quarter and Full-Year 2021 Results on March 3CHICAGO, Feb. 10, 2022 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ:PBPB) ("Potbelly" or the "Company"), the iconic neighborhood sandwich shop, today announced the date for the release of its fourth quarter and full-year 2021 financial results. Fourth Quarter and Full-Year 2021 Results Potbelly will report its financial results for the fiscal fourth quarter and full-year 2021 on Wednesday, March 2, 2022 after the market closes that day. The Company has scheduled a conference call and webcast for investors at 8:00 a.m. Eastern Time on Thursday, March 3, 2022 to discuss the results. Hosting the call will be Potbelly Corporation's President and Chief Executive Officer, Bob Wrig
- Potbelly Corporation Reports Results for Third Fiscal Quarter 2021Achieved same-store-sales of +33.7% and higher AUVs, reaching annualized level of $1.05 million during the third quarter Achieved third consecutive quarter of shop-level profitability Finalizing 3-year value driving growth objectives including 1) accelerating AUVs, 2) significantly expanding margins, and 3) escalating new unit development as we transition to more of a franchised system CHICAGO, Nov. 03, 2021 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ: PBPB) ("Potbelly" or the "Company"), the iconic neighborhood sandwich shop concept, today reported financial results for the third fiscal quarter ended September 26, 2021. Third Quarter Strategic Successes: Same-store sales (SSS)
- Potbelly Corporation Announces Conference Call to Discuss Third Quarter 2021 Results on November 4CHICAGO, Oct. 14, 2021 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ:PBPB), the iconic neighborhood sandwich shop, today announced the date for the release of its third quarter 2021 financial results. Third Quarter 2021 Results Potbelly will report its unaudited financial results for the fiscal third quarter 2021 on Wednesday, November 3, 2021 after the market closes that day. The Company has scheduled a conference call and webcast for investors at 8:00 a.m. Eastern Time on Thursday, November 4, 2021 to discuss unaudited financial results. Hosting the call will be Potbelly Corporation's President and Chief Executive Officer, Bob Wright, and Chief Financial Officer, Steve Ciruli
- Potbelly Corporation Reports Results for Second Fiscal Quarter 2021Sales momentum accelerated throughout the second quarter, driven by ongoing recovery in the operating environment and impact from strategic initiatives Second consecutive quarter of shop-level profitability Improved volume across all channels, led by Dine-In which had a 5% increase in sales sequentially CHICAGO, Aug. 05, 2021 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ: PBPB) ("Potbelly" or the "Company"), the iconic neighborhood sandwich shop concept, today reported financial results for the second fiscal quarter ended June 27, 2021. Second Quarter Strategic Successes: Same-store sales (SSS) trends continued to show sequential improvement, ending the second quarter at +70.0% vs