Potbelly: 3Q Earnings Snapshot
CHICAGO (AP) _ Potbelly Corp. (PBPB) on Friday reported a loss of $2 million in its third quarter.
On a per-share basis, the Chicago-based company said it had a loss of 8 cents. Earnings, adjusted for one-time gains and costs, came to 9 cents per share.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 10 cents per share.
The sandwich restaurant operator posted revenue of $107 million in the period.
Potbelly expects full-year earnings in the range of 26 cents to 27 cents per share.
Potbelly shares have declined nearly 6 percent since the beginning of the year. The stock has risen 1 percent in the last 12 months.