Potbelly (PBPB) Reports Q2 Loss of $0.57/sh

Potbelly (NASDAQ: PBPB) reported Q2 EPS of ($0.57), versus ($0.42) reported last year. Revenue for the quarter came in at $74.9 million, versus $72.7 million reported last year.

2021 Outlook

Steve Cirulis, Chief Financial Officer of Potbelly Corporation, commented, “We expect the recovery of our business and shops to track the rate of vaccinations and increased dining room re-openings as pandemic conditions recede. Further, we expect that our strategic initiatives will build momentum throughout the year, and thus we expect to see sequential improvement in our top-line results throughout each quarter of fiscal 2021. We also anticipate that we will generate the majority of our operating earnings and Adjusted EBITDA during the second half of 2021, which will support both shop-level and enterprise-level profitability, as well as positive cash flow, in the back half of the year. In the near-term, we remain focused on furthering a culture of vigilant cost discipline, driving additional operational efficiencies and advancing the five pillars of our new strategy to accelerate Potbelly’s future growth.”

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

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