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Potbelly Q1 Earnings and Revenue Matches Estimates

Potbelly (PBPB) just released its first quarter fiscal 2016 earnings results, posting earnings of 4 cents per share and revenue of $96 million.

Currently, Potbelly has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below.

Potbelly:                                                 

1. Matched earnings estimates. The company posted earnings of $0.04, matching our Zacks Consensus Estimate of $0.04.

2. Matched revenue estimates. The company saw revenue figures of $96 million, in line with our estimate of $96 million.

3. “We had a good start to the year, as the positive momentum we experienced throughout 2015 continued into the first quarter. We delivered revenue growth of 11.9% and adjusted net income of $1.1 million, driven by company-operated comparable sales increase of 3.7% and new corporate shop development,” said Potbelly CEO Aylwin Lewis.

4. For the full fiscal year of 2016, management currently expects company-operated comparable store sales growth of approximately 3.5% to 4.0% and full year adjusted diluted earnings per share to range from $0.36 to $0.38.

5. PBPB was up $0.11, or 0.77%, to $14.46 as of 4:17 PM ET in after hours trading shortly after its earnings report was released.

Here’s a graph that looks at Potbelly’s prior earnings performance:

 

Potbelly Corporation is a neighborhood sandwich concept. The Company manages establishments for consuming food on premises to offers sandwiches, salads, soups, chili, chips, cookies, ice cream, and smoothies. It serves customers throughout the United States. Potbelly Corporation is headquartered in Chicago, Illinois.

Check back later for our full analysis onPotbelly’s first quarter earnings report!

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