Potbelly: 2Q Earnings Snapshot
CHICAGO (AP) _ Potbelly Corp. (PBPB) on Tuesday reported a loss of $1.9 million in its second quarter.
The Chicago-based company said it had a loss of 8 cents per share. Losses, adjusted for one-time gains and costs, came to 2 cents per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.
The sandwich restaurant operator posted revenue of $105.6 million in the period.
In the final minutes of trading on Tuesday, the company’s shares hit $4.20. A year ago, they were trading at $12.40.