Potbelly (PBPB) Reports In-Line Q1 EPS, Guides FY EPS Below Views

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Potbelly Corporation Reports Results for First Fiscal Quarter 2017

May 2, 2017 4:06 PM EDT

CHICAGO, May 02, 2017 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ: PBPB) today reported financial results for the first fiscal quarter ended March 26, 2017.

Key highlights for the thirteen weeks ended March 26, 2017 compared to the thirteen weeks ended March 27, 2016 include:

Total revenues increased 6.0% to $101.7 million from $96.0 million.Company-operated comparable store sales decreased 3.1%.Eleven new shops opened, including eight franchised shops and three company-operated shops.GAAP net income attributable to Potbelly Corporation decreased 37.2% to $0.7 million from net income... More