Potbelly (PBPB) Misses Q1 EPS by 9c, Revenues Miss, Comp Sales Down 4.7%
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Potbelly Corporation Reports Results for First Fiscal Quarter 2019
May 7, 2019 4:05 PM EDTCHICAGO, May 07, 2019 (GLOBE NEWSWIRE) -- Potbelly Corporation (NASDAQ: PBPB) today reported financial results for the first fiscal quarter ended March 31, 2019.
Key highlights for the thirteen weeks ended March 31, 2019 compared to the thirteen weeks ended April 1, 2018 include:
Total revenues decreased 4.7% to $98.1 million from $102.9 million.Company-operated comparable store sales decreased 4.7%.Three new shops opened, including one new company-operated shop and two franchised shops; eight shops closed, including seven company-operated shops and one franchised shop.GAAP net loss attributable to Potbelly Corporation was $18.4 million,... More