Potbelly (PBPB) Misses Q3 EPS by 2c, FY EPS Guidance Misses Estimates

Potbelly (NASDAQ: PBPB) reported Q3 EPS of $0.09, $0.02 worse than the analyst estimate of $0.11. Revenue for the quarter came in at $107 million versus the consensus estimate of $109.83 million.

Company-operated comparable store sales decreased 0.2%.

GUIDANCE:

Potbelly sees FY2018 EPS of $0.26-$0.27, versus the consensus of $0.37.

• 18-21 total shop openings, including 10-11 company operated shop openings;
• Company-operated comparable store sales growth in range of -1.5% to -2.0%;
• An effective tax rate that is in a range of 29%-31%, excluding the impact of ASU 2016-09; and

For earnings history and earnings-related data on Potbelly (PBPB) click here.

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