Potbelly: 2Q Earnings Snapshot
Aug. 07, 2018
CHICAGO (AP) _ Potbelly Corp. (PBPB) on Tuesday reported a loss of $360,000 in its second quarter.
On a per-share basis, the Chicago-based company said it had a loss of 1 cent. Earnings, adjusted for one-time gains and costs, came to 13 cents per share.
The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 13 cents per share.
The sandwich restaurant operator posted revenue of $110.3 million in the period.
Potbelly expects full-year earnings in the range of 37 cents to 39 cents per share.
Potbelly shares have fallen almost 1 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $12.20, an increase of 11 percent in the last 12 months.