=Potbelly (PBPB) reported earnings on Tue 7 May 2019 (a/h)

Potbelly misses by $0.08, misses on revs

• Reports Q1 (Mar) loss of $0.12 per share, $0.08 worse than the S&P Capital IQ Consensus of ($0.04); revenues fell 4.7% year/year to $98.09 mln vs the $100.96 mln S&P Capital IQ Consensus.
  • Company-operated comparable store sales fell 4.7%
• Co expects 12-18 (6-8 company-owned) shop openings in FY19
• Co expects 15-22 (9-12 company-owned) shop closings in FY19
• Company-operated comparable store sales are expected to be flat to low single digits for FY19